Vietnam’s Ministry of Finance has proposed a significant expansion of its e‑invoicing mandate under Decree 70/2025/ND‑CP, which amends Decree 123/2020/ND‑CP. Starting June 1, 2025, household and individual businesses with annual revenue of VND 1 billion (≈ USD 37,000) or more must use e‑invoices issued via tax‑connected cash registers or with official tax codes. [vietnamnews.vn], [vatcalc.com]
Until now, Vietnam’s e‑invoice rules primarily targeted corporate entities. Under the new framework:
- Taxpayers meeting the threshold will receive technical support to register for coded e‑invoices or integrate with tax‑linked POS systems. [vietnamnews.vn]
- Smaller businesses earning below VND 1 billion remain exempt, though they are encouraged to adopt digital invoicing voluntarily. [vietnamnews.vn], [news.tuoitre.vn]
- The Vietnamese Finance Ministry plans to require e-invoicing for businesses with sales above VND 1 billion.
- Businesses with adequate IT can register for coded e-invoices or use connected cash registers with tax authority support.
- Businesses not registered but needing e-invoices must declare and pay tax before receiving a coded invoice for each transaction.
Source: vatcalc.com
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
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