- The Finance Ministry proposes that household and individual businesses with annual revenue of VND 1 billion (approx. USD 37,000) or more must use e-invoices with a tax authority code or invoices from cash registers connected to the tax authority’s database.
- Businesses below the VND 1 billion threshold are exempt from this e-invoicing requirement.
- From January 1, 2026, these businesses must self-determine, classify, and declare their tax obligations, including VAT and PIT, with specific filing schedules.
- The tax authority’s IT system will support businesses using e-invoices by generating suggested tax declarations based on official data.
- The draft decree introduces new payment deadlines and groups taxpayers for various taxes, with different procedures for those using and not using e-invoices.
Source: vietnamlawmagazine.vn
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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