Decree 70/2025/ND-CP revises invoice issuance timing for high-volume services and adds rules for insurance, lottery, casino, and prize-based electronic games. Starting June 1, 2025, business households with annual revenue ≥1 billion VND (38,454.14USD) and enterprises selling goods must use e-invoices from cash registers. Erroneous invoices are prohibited.
Vietnam's New Invoice Regulations Take Effect June 1, 2025
Public
Other countries
Author: Ivana Picajkić
Category:
General subject related
Views:
1486
Content accuracy validation date:
06.05.2025
Content accuracy validation time:
08:16h
Adjustments to Invoice Issuance Deadlines (Decree 70/2025/ND-CP, Taking Effect June 1, 2025)
Decree 70/2025/ND-CP is shaking things up regarding when invoices need to be issued for certain services that are used frequently (like electricity, water, loans, crude oil processing, and medical services). It's also bringing in new guidelines for invoice issuance related to insurance, lottery, casino, and prize-based electronic games.
What you need to know: These changes to when invoices are issued will start being enforced on June 1, 2025.
Who Needs to Use E-Invoices from Cash Registers (Decree 70/2025/ND-CP)
Starting June 1, 2025, if you're a business household or individual pulling in at least 1 billion VND (38,454.14USD) in annual revenue, or a business selling stuff or services directly to consumers (think shopping malls, supermarkets, retail stores (but not cars), restaurants, hotels), you're going to have to use electronic invoices that come directly from your cash registers.
Instances Where Invoices are Used per Event (Decree 70/2025/ND-CP)
Two fresh scenarios have been included:
- Businesses undergoing bankruptcy proceedings yet continue to function under the watchful eye of the court.
- Businesses, organizations, or people when documents are being clarified or require additional details.
New Situations Mandating Invoice Issuance Starting June 1, 2025
Invoices will be required for the following:
- Goods that are sent abroad.
- Services rendered to foreign businesses or individuals.
- Support services for railway transport, television advertising, online commerce, banking, international money transfers, securities, and computerized lotteries.
- Insurance policies, lottery tickets, casino gaming, and prize-based electronic games.
- Lending operations.
- Foreign exchange agency services and currency payment services.
Other news from Other countries
Malaysia Adopts PINT-MY Billing for E-Invoicing
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
The PINT-MY Billing Specification is Malaysia’s version of the Peppol e-invoice, adapted for SST and based on the UBL 2.1 XML format. It sets guidelines for B2B and B2G invoicing via the MyInvois platform, supporting automation and tax compliance. It includes defined business roles, main invoice fields, and tax tagging for SST (Sales and Service Tax), TTx (Tourism Tax), LVG (Low-Value Goods), and... Read more
Latvia: B2B E-Invoicing Mandate: New Timelines Approved
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The Latvian Parliament adopted a revised draft law, No. 967/Lp14, setting new deadlines for mandatory e-invoice data reporting, domestic B2B transactions, and voluntary e-invoicing for small businesses. On June 5, 2025, the Budget and Finance (Tax) Committee rejected a proposal (Amendments to the Accounting Law No. 927/Lp14) to delay the B2B e-invoice mandate to January 1, 2027. Instead, a revised... Read more
The Philippines Implement VAT on Foreign Digital Services
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
The Philippine BIR has issued Circular No. 47-2025, detailing VAT rules for foreign digital service providers starting 1 June 2025. Registration is required only if annual sales exceed PHP 3 million, and no local tax representative is needed. The simplified process supports fair competition and reduces compliance burdens, aligning with international digital tax practices. The Philippine Bureau of... Read more
Singapore Starts Phased Rollout of Mandatory E-Invoicing
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Singapore’s Peppol-based e-invoicing system, launched in May 2025, becomes mandatory for new GST registrants from November 2025 and fully enforced by April 2026. Businesses are urged to adopt early via InvoiceNow, IMDA’s national platform. E-invoicing providers help ensure IRAS compliance, secure document handling, and cross-border readiness. Important Components: InvoiceNow: The national e-inv... Read more
UAE to Ban Single-Use Plastics by 2026
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The UAE will ban single-use plastic products from January 1, 2026, as part of a phased strategy to combat plastic pollution. The ban builds on the 2024 ban, aiming for a future free of waste and pollution. The UAE is focusing on efficient resource use, sustainable food practices, and reducing plastic waste. Starting January 1, 2026, the UAE will prohibit the import, production, and trade of single... Read more
Chile Mandates Printed or Digital E-Tickets for All B2C Sales
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The authority has issued exempt resolution No. 53, requiring taxpayers to deliver printed or virtual representations of e-tickets or vouchers for B2C transactions, including cash, bank transfers, debit, credit, and prepaid cards, effective May 1, 2025. The authority has released exempt resolution No. 53, which mandates the delivery of either a printed or digital copy of the e-ticket (which s... Read more
Estonia's VAT Hike: 24% Standard Rate Begins July 2025
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Estonia's standard VAT rate will rise from 22% to 24% from 1 July 2025, with reduced rates from 9% to 13% and 5% to 9%. Starting July 1st, 2025, Estonia is raising its standard VAT rate from 22% up to 24%. The lower VAT rates are going up too, moving from 9% to 13% and from 5% to 9%. So, what do you need to do? When selling to customers in Estonia and charging them VAT, it’s a must to use... Read more