The Tax Department of Region I held a conference on May 8, 2025, to guide enterprises, businesses, and individuals on implementing electronic invoices, mandated by Decree No. 70/2025/ND-CP. The event aimed to improve tax administration efficiency, transparency, and reduce administrative burdens.
Vietnam: Cash Register e-Invoicing to Boost Private Sector
Public
Other countries
Author: Ema Stamenković
Category:
General subject related
Views:
332
Content accuracy validation date:
16.05.2025
Content accuracy validation time:
08:50h
On May 8th, 2025, Region I's Tax Department held a conference to help businesses, self-employed individuals, and regular folks understand how to use electronic invoices (e-invoices) created by cash registers. This move was triggered by Decree No. 70/2025/ND-CP, which goes into effect on June 1st, 2025. The conference was held both in person and online, bringing together tax officials, various teams, tech companies that offer solutions, and almost 200 business representatives. The aim was to spread the word and help taxpayers get ready for the changes coming up in 2025.
Decree No. 70/2025/ND-CP: https://lawnet.vn/en/vb/Decree-70-2025-ND-CP-amendments-to-Decree-123-2020-ND-CP-invoices-and-records-9EE66.html
With backing from both the political system and the business world, the tax authority is pushing forward to successfully roll out e-invoices. This move is all about making tax administration more efficient and transparent, as well as lightening the load of administrative tasks. A major support campaign reached its height in April 2025, with mobile and software companies, among other providers, teaming up to offer the necessary tech solutions.
At a main conference, e-invoice service providers showcased tech solutions designed to help businesses comply with Decree 70. They also shared insights on tax management and digital transformation. Businesses were quick to commend the tax authorities and service providers for their prompt support, highlighting how valuable it's been in grasping new tax policies, especially when it comes to putting e-invoices into practice. This whole initiative is anticipated to make processes smoother, boost accuracy, and ultimately benefit taxpayers by trimming costs and polishing their reputation.
Other news from Other countries
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
Vietnam Issued New E-Invoicing Rules
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Vietnam's Ministry of Finance has updated regulations on e-invoices, taxpayer risk assessment, and invoicing procedures for business models, effective 1 June 2025. The circular introduces new invoice types, reconciliation periods, and criteria for identifying high tax risk taxpayers. Vietnam’s Ministry of Finance issued Circular 32/2025/TT-BTC on 31 May 2025, updating guidance on invoices un... Read more
Chile: SII Mandates Third-Party Seller Reporting for Digital Marketplaces
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Chilean Tax Authority (SII) introduced new reporting obligations for digital platforms and payment providers starting October 1, 2025, with additional requirements from January 1, 2026. These rules enhance tax oversight and VAT compliance in the digital economy. The Chilean Tax Authority (SII) issued Circular 38/2025, introducing new reporting obligations for digital platforms and electronic payme... Read more