New Point Decree 70/2025/ND-CPThe new regulations, issued on March 20, 2025 and officially effective from June 1, 2025, have brought about many important updates to the regulations on invoices and documents, especially electronic invoices. Understanding these new points is crucial for businesses, organizations, and individuals to ensure legal compliance and optimize operational processes.
Here are some notable new points regarding invoice issuance under Decree 70/2025/ND-CP.
1. Expanding the scope of application of electronic invoices according to new provisions of Decree 70/2025.
Foreign supplier:
A new point in Decree 70/2025 adds foreign suppliers without a permanent establishment in Vietnam who conduct e-commerce, digital platform business, or provide other services in Vietnam and voluntarily register to use electronic invoices as a scope of application for electronic invoices.
2. Detailed regulations on electronic invoices generated from cash registers.
🔍 Clear definition
New points in Decree 70/2025/ND-CP Clarify the definition and technical requirements for "Electronic invoices are generated from cash registers that have an electronic data transfer connection with the tax authorities." , and "Cash register".
🏢 Applicable subjects
- Household businesses and individual businesses with annual revenue of 01 billion VND or more, and enterprises engaged in the direct sale of goods and services to consumers, must use electronic invoices generated from cash registers connected to and electronically transferring data with the tax authorities.
- The applicable business activities include: Shopping centers; supermarkets; retail (excluding automobiles, motorcycles, and other motor vehicles); food and beverage; restaurants; hotels; passenger transport services; services directly supporting road transport; arts, entertainment, recreation, film screenings; and other personal services as stipulated in the Vietnamese Economic Classification System.
Note
- In cases where organizations, business households, or individual businesses are subject to the regulations on electronic invoices generated from cash registers as stipulated in this Decree, but do not yet possess a cash register due to insufficient information technology infrastructure or solutions for issuing electronic invoices from cash registers, the tax authorities shall develop plans and solutions to support and notify taxpayers about the transition to using electronic invoices generated from cash registers.
- If a taxpayer has been assisted and notified by the tax authorities about the transition to using electronic invoices generated from cash registers but fails to do so, this is considered a violation of regulations on invoice usage, and the tax authorities will coordinate with competent agencies to handle the violation in accordance with the law.
👉 See more: Decree 70/2025 – Electronic invoices generated from cash registers
3. Adjusting regulations regarding the timing of invoice issuance.
The decree has amended and supplemented regulations on the timing of invoice issuance for certain specific cases, with the main provisions being:
➡️ The time of invoicing for the sale of goods (including the sale and transfer of public assets and the sale of national reserves) is the time of transferring ownership or the right to use the goods to the buyer, regardless of whether payment has been received or not.
➡️ For goods exports (including processing for export), the time of issuing the electronic commercial invoice, electronic value-added tax invoice, or electronic sales invoice is determined by the seller, but no later than the next working day from the date the goods are cleared through customs as stipulated by customs law.
➡️ The time of invoicing for the provision of services is the time when the service is completed (including the provision of services to foreign organizations and individuals), regardless of whether payment has been received or not. If the service provider receives payment before or during the provision of services, the time of invoicing is the time of payment (excluding cases of receiving deposits or advances to guarantee the performance of contracts for services such as: accounting, auditing, financial and tax consulting; valuation; surveying, technical design; supervision consulting; and preparation of construction investment projects).
➡️ For businesses selling goods or providing services in sectors with high volumes (electricity, water, telecommunications, transportation, e-commerce, etc.) that generate frequent transactions and require time to reconcile and verify data between the seller and the buyer:
- The invoice is issued upon completion of the work. data reconciliation between the parties.
- However, the time of invoicing slowest the:
- The 7th of next month month in which the service provision occurs, or
- Within 7 days from the end of the agreement period. (The conventional period is the agreed-upon timeframe between the seller and the buyer for calculating the quantity of goods or services to be supplied).
4. Changes in the handling of erroneous electronic invoices.
Remove the regulation that cancels invoices not yet sent to the buyer: A key new point is the abolition of the regulation requiring sellers to cancel electronic invoices that have been issued with tax authority codes but not yet sent to buyers if errors are discovered. Instead, the Decree provides specific guidance on adjusting or replacing invoices in these cases:
- If an electronic invoice has been incorrectly issued and the seller has already corrected or replaced it, but then discovers the error again, the seller will follow the same procedure used in the initial processing for subsequent invoices.
- In cases where, according to regulations, an electronic invoice is issued without a form number symbol, invoice symbol, or the issued invoice number is incorrect, the seller only needs to issue an adjusted invoice.
- Regarding the value on the adjustment invoice, adjustments should be upward (marked with a positive sign) or downward (marked with a negative sign) that accurately reflect the actual adjustment.
- For adjustment invoices or replacement invoices, the seller and buyer must file a supplementary declaration in the period in which the adjusted or replaced invoice is issued or received.
5. Handling electronic invoices in cases of goods or services returns.
➡️ If the buyer returns all or part of the goods, the seller shall issue an adjusted invoice, unless the parties have agreed that the buyer will issue an invoice upon returning the goods; in this case, the buyer shall issue an electronic invoice to the seller; both the seller and the buyer shall fulfill their tax obligations as prescribed when selling the goods.
➡️ In cases where the goods are assets subject to registration of usage rights or ownership rights according to the law, and the assets have already been registered in the buyer's name, the return of the goods must comply with relevant laws. If the buyer is an electronic invoice issuer, the buyer must issue a return invoice to the seller.
➡️ In cases where the seller has issued an invoice upon receiving payment before providing services, or issued an invoice for real estate business activities, infrastructure construction, house construction for sale, or house transfer, and subsequently the transaction is canceled or terminated and part of the service is canceled, the seller must adjust the issued electronic invoice.
6. Add a type of electronic invoice.
To facilitate export activities, a new feature of Decree 70/2025/ND-CP is the addition of a new category. e-commerce invoiceThis type of invoice applies to organizations, businesses, and individuals engaged in exporting goods or providing services abroad and meeting the conditions for electronically transferring commercial invoice data to the tax authorities.
7. Notes on the content of the invoice
➡️ The invoice must display the name of the goods or services in Vietnamese. If a foreign language is needed, it should be placed to the right in parentheses ( ) or directly below the Vietnamese text, in a smaller font size than the Vietnamese text.
➡️ In cases where goods are sold in various forms, the name of the goods must be detailed down to each type. If the goods or services traded have a specified product or service code, then both the name and code of the goods or services must be included on the invoice.
➡️ In cases where goods require registration of usage rights or ownership rights, the invoice must show the specific numbers and symbols of the goods as required by law during registration. For example: chassis number, engine number of a car or motorcycle, address, house class, length, width, number of floors of a house, etc.
➡️ In the case of transportation service businesses, the invoice must show the vehicle's license plate number and the route (departure point – destination). For transportation businesses providing goods transportation services on digital platforms or engaging in e-commerce, the invoice must show the name of the goods transported, the name, address, tax code, or identification number of the sender.
8. Time of issuance of personal income tax deduction certificate
➡️ When deducting personal income tax, collecting taxes, fees, and charges, the tax-deducting organization or individual, and the tax-collecting organization, must issue tax deduction certificates and tax/fee/charge receipts to the person whose income is subject to tax deduction, the taxpayer, or the fee/charge payer, and must fully record all the contents as prescribed in Article 32 of this Decree. If electronic certificates are used, they must conform to the standard data format of the tax authority. If an individual authorizes tax settlement, no personal income tax deduction certificate will be issued.
➡️ For individuals who do not have an employment contract or whose employment contract is less than 03 months, the organization or individual paying the income shall issue a tax deduction certificate for each tax deduction or issue one certificate for multiple tax deductions in a tax year upon the individual's request. For individuals with an employment contract of 03 months or more, the organization or individual paying the income shall only issue one tax deduction certificate to the individual in a tax year.
9. Summary
The above is a summary of the key points to note regarding invoices according to Decree 70/2025/ND-CP, issued on March 20, 2025, and officially effective from June 1, 2025. This Decree is an important step in modernizing tax management and enhancing transparency in business transactions.
Businesses need to quickly update, understand, and comply with these regulations to ensure smooth business operations and avoid unnecessary legal risks.