E-Invoicing in Vietnam

Electronic Invoicing will Become Mandatory in Vietnam

Learn how to get your company ready to exchange documents in accordance with Vietnamese requirements with the support of Comarch

Vietnam Is on the Road to E-invoicing

Like many countries around the world, Vietnam is becoming a part of the e-invoice revolution. E-invoices there will become mandatory from July 1, 2022 for all taxpayers.

Electronic invoices are expected to save time and money, which will contribute to more efficiency for enterprises and tax authorities.

Several regulations have been issued, including technical and infrastructure regulations, such as the most recent Circular 78/2021 / TT-BTC, issued by the Ministry of Finance, which sets out the guidelines for the development of e-invoicing implementation under Decree 123/2020/ ND-CP.

The General Department of Taxation (GDT) has rolled out a roadmap for implementing e-invoicing with a two-phase pilot program across the country, encouraging businesses that are ready to switch to e-invoicing to apply early and start the implementation process.

Implementation timeline - E-invoicing in Vietnam

E-Invoicing requirements in Vietnam

E-Invoicing requirements in Vietnam:

  • Obligation - All businesses must issue electronic invoice to buyers, digitally report all their transactions to the tax authority (GDT), and register (on the GDT website) before using electronic invoices in order to gain approval from the General Department of Taxation (GDT)
  • Data Format - XML is the main e-invoice data format and contains two elements, e-invoice data and digital signature data
  • Digital Signature - is mandatory 
  • Archiving - Electronic invoices must be securely stored for a period of 10 years
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Use of electronic invoices in the sale of goods and services:

Enterprises and economic organizations must use electronic invoices with codes of the tax authorities when selling goods or providing services, regardless of the value of these goods and services, except for the cases specified under art 91, Law on Tax Administration 2019 No. 38/2019/QH14

IMPORTANT!

In Vietnam, companies must submit electronic invoice data to tax authorities directly or through an authorized e-invoicing service provider

How integration with Comarch e-Invoicing looks

E-Invoicing in Vietnam Infographic

Do you want to know more?

If your company is based or has branches in the Vietnam and you need to start preparing your billing and tax systems to comply with the new requirements. Click on the button below to get in touch with one of our experts.

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Comarch has many years of experience in providing innovative IT products and services allowing for efficient document management and automation of various supply chain processes.

Check out some of our success stories to learn what our clients have achieved by using Comarch EDI, MDM, e-Invoicing (also in a Cloud), and Online Distribution.

The e-Invoicing Revolution Has Begun

See how the new regulations can affect your company's operations

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