- New E-Invoicing Regulations and Timeline: The Vietnamese government has announced amendments to its national e-invoicing regulations, which will take effect on June 1, 2025. These updates are part of a broader tax reform and digital transformation initiative, including a new VAT Law and provisions for e-commerce platform operators.
- Expanded Eligibility and Clarified Issuance Rules: The amendments broaden the scope of entities eligible to use e-invoices to include non-resident suppliers engaged in e-commerce, individual businesses, and households that can authorize third parties to issue e-invoices. The timing for issuing e-invoices, especially for exported goods and specific sectors like banking and e-commerce, has been clarified to enhance compliance.
- Detailed Invoice Content Requirements: New regulations specify the necessary information to be included on e-invoices, such as buyer identification numbers and detailed descriptions of goods and services. The decree also addresses the replacement and adjustment of e-invoices, expands the scope of prohibited acts related to invoicing, and updates reporting templates, all aimed at modernizing Vietnam’s tax system in line with digital economy needs.
Source: vatabout.com
