Mandatory Electronic Invoicing in Vietnam
Learn how to get your company ready to exchange documents in accordance with Vietnamese requirements with the support of Comarch
Learn how to get your company ready to exchange documents in accordance with Vietnamese requirements with the support of Comarch
There are two forms of invoices in Vietnam: with and without verification codes. Coded invoices are mainly used by companies with an annual turnover of less than VND 3 billion, while unencrypted e-invoices are issued by small businesses with an annual turnover of more than VND 3 billion or fewer than 10 employees, and industries such as energy, telecommunications and e-commerce.
In Vietnam, companies must submit e-invoicing data to the tax authorities either directly or through an authorized e-invoicing service provider. Invoices issued by taxpayers need to be transferred to the General Department of Taxation in order to obtain a unique verification code. Once received, e-invoices will be sent to buyer. Enterprises and economic organizations are obliged to use electronic invoices with tax authority codes when selling goods or providing services, regardless of the value of these goods and services, except for the cases specified in art. 91 of the Tax Law 2019 No. 38/2019 /QH14.
XML is the main e-invoice data format and contains two elements, e-invoice data and digital signature data
Mandatory is digital signature
Electronic invoices must be securely stored for a period of 10 years
