- Vietnam’s E-Invoicing Mandate: Vietnam has implemented an e-invoicing system as part of its tax modernization efforts, mandating electronic invoices for all enterprises and organizations, effective July 1, 2022, with specific exemptions for small businesses and certain transactions.
- Compliance Requirements: Businesses must determine the appropriate e-invoice document types, register with the General Department of Taxation (GDT), obtain a digital signature, and ensure invoices are validated through the GDT platform before issuance, with ongoing enforcement and upcoming regulatory changes focusing on e-commerce platforms.
- Fonoa’s Solutions for Compliance: Fonoa offers integrated solutions to streamline e-invoicing compliance, including a single API for document management, customizable templates, and comprehensive indirect tax compliance tools, assisting businesses in efficiently navigating Vietnam’s e-invoicing landscape.
Source Vietnam
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