Vietnam’s Decree 123: Guidance on conversion of e-invoices into paper invoices

Nguyen Trinh

17:32, 20/10/2020

This is a notable content of the Decree No. 123/2020/NĐ-CP of Vietnam’s Government prescribing invoices and records.

According to the Decree No. 123/2020/NĐ-CP of Vietnam’s Government, conversion of e-invoices/electronic records into paper invoices/records is prescribed as follows:

- Legal e-invoices/electronic records may be converted into paper invoices/records to meet the requirements of economic/financial transactions or at the request of tax authorities, audit, inspection or investigation authorities, and in accordance with regulations of laws on inspection and investigation.

- Contents of a paper invoice or record which is converted from an e-invoice or electronic record must correspond to those of the original e-invoice or electronic record.

- In case where an e-invoice or electronic record is converted into a paper invoice or record, this paper invoice or record shall be retained for bookkeeping and monitoring purposes only in accordance with regulations of the Laws on accounting and electronic transactions, and shall not be valid for use in transactions or payments, except for cases where invoices are generated from POS cash registers that are digitally connected to tax authorities in accordance with the provisions herein.

View more details at the Decree No. 123/2020/NĐ-CP of Vietnam’s Government, effective from July 01, 2022.

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