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 Issued New E-Invoicing Rules
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Author: Ema Stamenković
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Content accuracy validation date:
09.06.2025
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Vietnam’s Ministry of Finance issued Circular 32/2025/TT-BTC on 31 May 2025, updating guidance on invoices under Decree 123/2020/ND-CP (amended by Decree 70/2025/ND-CP), effective 1 June 2025.
It allows business households and individuals to authorize e-commerce platforms to issue e-invoices, introduces new invoice types like e-commercial invoices and combined VAT/sales invoices with tax, fee, or charge receipts, and sets rules for issuing invoices based on reconciliation periods for high-frequency or bulk transactions. Financial leasing companies receive specific invoicing guidance for leased assets.
The circular defines high tax risk criteria based on past violations, suspicious transactions, and unclear operations. From 1 June 2025, organizations must use electronic certificates for personal income tax withholding. Business households using cash register-based e-invoices before this date can continue, while direct-to-consumer companies (e.g., retail, hotels) may switch to cash register e-invoices or retain current methods. Organizations with e-invoicing contracts with the Tax Department before 1 July 2023 must operate under those terms until 1 July 2025.
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