Decree 70/2025/ND-CP on Amendments and Supplements to Regulations on the Timing of Invoice Issuance

On March 20, 2025, the Government issued Decree 70/2025/ND-CP, which amends and supplements certain provisions of Decree 123/2020/ND-CP on invoicing, focusing primarily on the timing of invoice issuance.
This Decree takes effect from June 1, 2025.

I. Amendments on E-Invoices Generated from Cash Registers

1. E-Invoices Generated from Cash Registers (Amendment to Article 11)

The following entities are required to use e-invoices generated from cash registers:

• Business households and individuals with annual revenue of 1 billion VND or more;

• Enterprises selling goods or providing services directly to end consumers, including: shopping centers, supermarkets, retail stores (excluding automobiles, motorcycles...), restaurants, hotels, passenger transport services, arts, entertainment, cinemas, and personal service activities.

These invoices must be connected and transmitted directly to the tax authority.

2. Mandatory Invoice Information (Amendment to Point a, Clause 6, Article 10)

• The name of goods/services must be in Vietnamese and clearly detailed (e.g., Samsung phone, Nokia phone…).

• Goods requiring registration of ownership/use (e.g., cars, real estate) must include frame number, engine number, address, area...

• Transport services must show vehicle license plate and route.

• For goods transported via digital platforms, the invoice must include item name, sender’s name, address, tax code or ID number.

3. Removal of the Option to Use Sales Slips Instead of E-Invoices (Removal of Point g, Clause 4, Article 9)

• The previous regulation allowing retail/food service chains to issue sales slips instead of e-invoices has been abolished.

• Now, e-invoices must be issued for each transaction, unless the customer does not request one.

4. Responsibility for Transitioning to E-Invoices from Cash Registers (Addition of Clause 2a, Article 60)

• If business households/individuals lack technological infrastructure, the tax authority will provide support.

• If the entity refuses to transition after receiving support, it will be subject to penalties under current law.

II. New Regulations on the Timing of Invoice Issuance

1. Sale of Goods:

• Invoice must be issued at the time of transferring ownership or usage rights, regardless of payment status.

2. Export of Goods:

• Determined by the seller, but no later than the next working day after customs clearance.

3. Provision of Services:

• Invoice issued upon completion of the service, regardless of payment.

• If payment is received before or during service (excluding deposits/prepayments for certain services), then invoice is issued at the time of payment.

4. Special Cases:

a. Regular and recurring services (e.g., electricity, water, telecom, logistics, banking - excluding lending):

• Invoice issued no later than the 7th day of the following month or within 7 days after the end of the billing cycle.

b. Oil and Gas Industry:

• Crude oil: Upon final price determination after transaction completion.

• Natural gas: Based on the volume delivered in the month, and no later than the tax filing deadline.

c. Lending:

• According to interest collection schedule. If interest is not collected and is off-balance sheet, invoice is issued when interest is received.

d. Currency Exchange Agents:

• Invoice issued upon completion of service.

e. Transport services using fare-calculation software (e.g., taxi apps):

• Invoice issued at the end of the trip.

f. Medical Examination and Treatment:

• If the customer does not request an invoice: issue at the end of the day.

• If requested: issue immediately upon request.

g. Social Insurance:

• Invoice issued at the time of payment.

5. Newly Added Cases:

• Insurance Services: Invoice issued when revenue is recognized.

• Lottery Sales: For pre-printed lottery tickets, invoice must be issued before the next draw.

• Casinos and Electronic Gaming with Prizes: Invoice must be issued no later than one day after the end of the revenue determination day (00:00 – 23:59).

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