Vietnam Expands Electronic Invoice Regulations, Includes Foreign Suppliers and New Compliance Requirements

• Vietnam issued Decree 70/2025/ND-CP to amend electronic invoice regulations.
• The changes expand eligibility for electronic VAT invoices to include foreign suppliers using e-commerce or digital platforms.
• Sellers can authorize third parties to issue electronic invoices.
• Export processing enterprises must use electronic sales or VAT invoices based on their tax method.
• Businesses can issue electronic commercial invoices for exports if data transmission conditions are met.
• Clarifications on invoice issuance timing are provided, including for exported goods.
• New timing rules for invoicing in sectors like banking, e-commerce, and transport are specified.
• Additional invoice content requirements include personal identification numbers and specific service descriptions.
• Invoices must be digitally signed by the next working day if not done on the issuance day.
• Businesses with revenue over VND 1 billion in direct-to-consumer sales must use electronic invoices from cash registers linked to tax authorities.
• Regulations on invoice cancellation are removed; corrections need written agreements.
• New prohibited actions include failure to transmit data and forging invoices.
• The decree updates reporting templates and takes effect on 1 June 2025.

Source: regfollower.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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