Vietnam's Decree 70/2025/ND-CP amends Decree 123/2020/ND-CP, enhancing e-invoicing for digital and cross-border businesses. It expands e-invoicing scope, sets issuance timelines, mandates invoice content and format, and requires businesses with over VND 1 billion(38483.80USD) revenue to use cash register e-invoices linked to tax authorities.
Vietnam's New E-Invoicing Rules: What You Need to Know (Starting June 1, 2025)
Public
Other countries
Author: Ema Stamenković
Category:
General subject related
Views:
2231
Content accuracy validation date:
28.04.2025
Content accuracy validation time:
08:05h
Vietnam is updating its e-invoicing system through Decree 70/2025/ND-CP, which modifies Decree 123/2020/ND-CP. These changes aim to simplify invoice management, improve tax transparency, and ensure the system works for digital and cross-border businesses.
Here are some key changes:
- More Businesses Can Use E-Invoices
- Foreign companies selling online or through digital platforms can now choose to register for VAT e-invoices, even if they don't have a physical office in Vietnam. This helps them follow local tax regulations.
- Household businesses and self-employed individuals can now let other companies issue e-invoices on their behalf.
- Companies in export processing zones have more flexibility in choosing between sales invoices or VAT invoices, depending on their tax reporting method.
- Exporters can start using electronic commercial invoices, as long as they can share the necessary data with tax authorities.
- When to Issue Invoices
- For exported goods: The invoice should be issued by the next working day after the good’s clear customs.
- For sales of goods or services: Issue the invoice when ownership of the goods is transferred or when the service is completed.
- For advance payments (excluding deposits): The invoice should be issued at the time of payment.
- For high-volume services: Invoices should be issued by the 7th day of the following month or within an agreed-upon period.
- For special sectors like banking, insurance, gambling, transportation, and healthcare: Follow the specific rules for each sector.
- What Goes on an Invoice and How It Should Look
Certain information is absolutely required on every invoice. This includes details about the buyer and seller, their ID numbers, and a clear description of the goods or services provided. If an invoice needs a digital signature, it has to be added by the next working day if there's any delay. E-invoices can be sent electronically or through a secure QR code link. For invoices related to transportation services, you need to include the sender's information and specifics about the goods being transported. If an invoice is for a promotional campaign, it needs to list all the items involved, and businesses are required to keep a record of these campaigns.
- E-Invoices from Cash Registers
Businesses that bring in more than 1 billion VND in revenue from retail, hospitality, food, or personal services have to use a specific type of e-invoice from their cash registers. These invoices must be linked to the tax authorities and need to include details about the buyer and seller, the pricing, and the VAT (Value Added Tax).
Other news from Other countries
UAE's 2026 e-Invoicing Mandate: Your Essential Compliance Guide
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The E-Book provides an in-depth understanding of the UAE's transition to a Peppol-based e-invoicing framework, covering key dates, phases, tax data document reporting, cross-border scenarios, integration, and retention obligations. It offers comprehensive regulatory insights, expert compliance advice, technical clarity, and proactive risk management to help businesses prepare efficiently and confi... Read more
Latvia Postpones Mandatory B2B E-Invoicing to January 1, 2028
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Latvia has postponed mandatory B2B e-invoicing from January 2026 to January 2028 due to technical readiness issues, delays in developing the national e-invoice platform, and the need for finalized guidelines and technical requirements. Latvia Postpones Mandatory B2B E-Invoicing to January 1, 2028 Latvia has delayed mandatory B2B e-invoicing from January 2026 to January 2028, following amendments... Read more
New Vietnam Consumption Tax Rules Effective 2026
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Vietnam's 2025 SCT Law aims to promote healthier consumer behaviors by reducing smoking, alcohol, and sugar consumption, combating smuggling, and encouraging green industries. The law taxes goods like cigarettes, tobacco, alcohol, beer, vehicles, motorcycles, aircraft, yachts, gasoline, ACs, playing cards, and sugary drinks. Businesses should refer to Vietnam Briefing's 2024 SCT article for compli... Read more
Ireland: New Audit Exemption for Small & Micro Companies
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The Minister for Enterprise, Tourism and Employment has announced the commencement of Section 22 of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024, which changes the audit exemption regime for small and micro-sized companies. This prevents automatic loss of audit exemption on the first occasion of late filing. The Minister for Enterprise, Tourism and Employmen... Read more
UK VAT: Marketplaces & Non-UK Sellers
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Online marketplace operators are responsible for VAT on goods sold by overseas businesses. To avoid unpaid VAT, verify if a seller is established outside the UK and keep evidence. HMRC reviews evidence based on business size, internal risk systems, and individual case circumstances. As an online marketplace operator, you’re liable for VAT on goods located in the UK at the point of sale and s... Read more
Chile: New VAT Registration for Foreign B2C Sellers
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Chile introduces VAT registration for foreign sellers and platforms handling low-value B2C goods from October 2025, affecting intermediaries and direct sellers, with registration opening in August. Beginning in October 2025, the resolution requires foreign sellers and platforms that handle low-value B2C goods to register for VAT. On July 10, 2025, Resolution No. 84 was issued by Chile's tax autho... Read more
US Small Businesses Stick with Paper Receipt (90%+ Still Manual)
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Despite the growth of digital payments, over 90% of U.S. small businesses continue to rely on paper receipt, handling around $6 trillion annually. This persistence is driven by cash flow needs, system complexity, and reluctance to change. While platforms help speed up payments and reduce fraud risk, adoption remains slow due to fragmented software and banking infrastructure. Government efforts to... Read more