- Starting June 1, 2025, business households in Vietnam must use electronic invoices from cash registers.
- Businesses must meet one of three criteria: annual revenue over 1 billion VND, use of computers, or being a larger micro-enterprise.
- To register, businesses need technical equipment, change tax calculation method, and submit a tax declaration.
- Registration deadline is May 30, 2025.
- Tax authorities encourage applications and provide support for IT infrastructure.
- Four key steps include preparing technical gear, signing up for invoices, registering tax calculation change, and using Form 08-MST for tax method switch.
Source: fiscal-requirements.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.
Latest Posts in "Vietnam"
- Navigating Vietnam’s 10% VAT: Pricing, Profitability, and Compliance for Foreign Digital Service Providers
- Prime Minister Proposes Raising Tax Threshold for Household Businesses, Urges National Assembly Support
- VAT Compliance for Foreign Businesses in Vietnam: Key Pricing and Profitability Considerations
- Vietnam Proposes E-Invoicing Reforms for E-Commerce, Small Businesses, and High-Risk Taxpayers
- A Guide to Indirect Taxes in Vietnam: VAT, Special Consumption, Import, and Export Duties
