Key Points to Note about Invoice Regulations under Decree No. 70/2025/NĐ-CP

Date: 2025.06.09

Point 1: Expansion of subjects required to use e-invoices generated from cash registers

From June 1, 2025, not only enterprises but also business households and individual business owners with annual revenue of 1 billion VND or more in sectors such as retail, food and beverage, accommodation, transportation, etc., must implement cash register systems connected to the tax authority’s electronic data system.

Applicable subjects include:

– Business households and individuals as defined in Clause 1, Article 51, with annual revenue from 1 billion VND or more, Clause 2, Article 90, and Clause 3, Article 91 of the Law on Tax Administration No. 38/2019/QH14.

– Enterprises engaged in the sale of goods or provision of services directly to consumers (e.g., shopping centers, supermarkets, retail excluding automobiles and motorbikes, restaurants, hotels, passenger transport services, and road transport support services).

– Other personal service sectors as defined in the Vietnamese economic sector classification system.

E-invoices generated from cash registers must include:

– Seller’s name, address, and tax code.

– Buyer’s name, address, tax code/personal ID/phone number (if requested).

– Invoice issuance time.

– Description of goods/services, unit price, quantity, and total amount.

– Tax authority code or electronic data for buyers to verify and declare the invoice.

Point 2: Elimination of the concept of “invoice cancellation” due to errors.

The cancellation of e-invoices due to errors is no longer accepted (abolishing Clause 10, Article 3 of Decree 123/2020/NĐ-CP). Instead, sellers must issue adjustment or replacement invoices to ensure transparency and continuity in invoice data.

Point 3: Adjusted/replacement invoices require mutual agreement

Before issuing an adjustment or replacement invoice, the seller must prepare a written agreement with the buyer (if the buyer is an organization or enterprise), clearly stating the error and the adjustment details.

Handling invoice errors:

– Incorrect buyer address → Submit Form 04/SS to the tax authority and notify the buyer.

– Incorrect tax code, amount, tax rate, tax amount, or goods → Issue an adjustment or replacement invoice with a written agreement.

– Incorrect buyer name/address (but correct tax code) → No need to reissue the invoice; just notify the tax authority using Form 04/SS-HĐĐT.

– One adjustment/replacement invoice may be issued for multiple erroneous invoices within the same month for the same buyer.

Point 4: Timing of invoice issuance

– Special industries (e.g., multiple deliveries, retail, insurance, exports, lotteries, transport, electricity): Issue invoices per transaction or payment cycle.

– Sales of goods: When ownership is transferred to the buyer, regardless of payment status.

– Export of goods: No later than the next working day after customs clearance.

– Service provision: When the service is completed, regardless of payment. If payment is received in advance (excluding deposits), the invoice must be issued at the time of receipt.

– Large volume goods/services: Before the 7th of the following month or within 7 days after the agreed billing period ends.

Point 5: Mandatory use of electronic PIT withholding certificates

From June 1, 2025, organizations withholding personal income tax (PIT) must issue electronic PIT withholding certificates at the time of deduction.

Point 6: Inclusion of foreign e-commerce providers

Foreign suppliers without a permanent establishment in Vietnam, conducting e-commerce or digital platform-based business, may voluntarily register to use e-invoices. Platforms like Amazon, Google, and Facebook must comply with tax regulations when selling or providing services to Vietnamese consumers.

Point 7: Abolishment of invoice issuance rules for retail and F&B businesses

From June 1, 2025, the regulation in Point g, Clause 4, Article 9 of Decree 123/2020/NĐ-CP regarding invoice issuance at retail and food service establishments is abolished to simplify procedures and align with business practices.

_{Source: Thu vien phap luat}