What are contents of e-invoices in Vietnam? What are regulations on names of goods written on the e-invoices in Vietnam?
What are contents of e-invoices in Vietnam? What are regulations on names of goods written on the e-invoices in Vietnam? What are components of the data of an e-invoice in Vietnam?
What are contents of e-invoices in Vietnam?
Pursuant to Article 10 of the Decree 123/2020/ND-CP, e-invoices in Vietnam include following contents:
1. Name, reference number and form number of the invoice.
2. Names of copies of tax authority-ordered printed invoices shall comply with regulations of the Ministry of Finance.
3. Invoice number
4. The seller’s name, address and TIN
5. The buyer’s name, address and TIN
6. The name, unit, quantity, unit price, amount payable exclusive of VAT, VAT rate, total VAT amount calculated by each VAT rate, total VAT payable and total amount payable inclusive of VAT
7. Signatures of the buyer and the seller
8. The issuance date of the invoice shall comply with the provisions in Article 9 of the Decree 123/2020/ND-CP and be written in "ngày, tháng, năm” (day/month/year) format of the calendar year.
9. The date of the digital signature on an e-invoice is the date on which the seller or buyer adds his/her digital signature to that e-invoice and expressed in "ngày, tháng, năm” (day/month/year) format of the calendar year. If the date of a digital signature on an issued e-invoice is different from the issuance date of the e-invoice, the tax declaration date shall be the issuance date of that e-invoice.
10. The tax authority’s authentication codes on authenticated e-invoices shall comply with the provisions in Clause 2 Article 3 of the Decree 123/2020/ND-CP.
11. Fees and charges payable to state budget, discounts and sales promotions (if any) shall comply with the provisions in Point e Clause 6 Article 10 of the Decree 123/2020/ND-CP and relevant contents (if any).
12. Name and TIN of the invoice printing service provider shall be specified in tax authority-ordered printed invoices.
13. Text, numbers and currencies on invoices
14. Other contents of invoices
Furthermore, some cases of e-invoices may not necessarily contain all the details specified in Clause 14 Article 10 of Decree 123/2020/ND-CP.
What are contents of invoices in Vietnam? What are regulations on names of goods written on the invoices in Vietnam? - image from internet
What are regulations on names of goods written on the e-invoices in Vietnam?
Pursuant to Clause 6 Article 10 of the Decree 123/2020/ND-CP stipulating contents of invoices:
Contents of invoices
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6. The name, unit, quantity, unit price, amount payable exclusive of VAT, VAT rate, total VAT amount calculated by each VAT rate, total VAT payable and total amount payable inclusive of VAT:
a) Name, unit, quantity, unit price:
- Name of good/service: written on the invoice in Vietnamese language. If the goods fall into different categories, their names shall contain the categories (e.g. Samsung phone, Nokia phone, etc.). In case the right to use or ownership of the goods has to be registered, the invoice shall bear the number or symbol of the goods that is needed for registration (e.g. chassis number, engine number of a vehicle, address, level, dimensions and number of stories of a house, etc.).
If foreign language text is necessary, it must be placed between parentheses () or next to the Vietnamese text, in which case it must be smaller than the Vietnamese text. If the good or service has a pLU code, both the name and the pLU code must be written on the invoice.
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As regulated above, names of goods written on the e-invoices in Vietnam are stipulated as follows:
(1) Name of goods written on the invoice in Vietnamese language.
(2) If the goods fall into different categories, their names shall contain the categories.
(3) In case the right to use or ownership of the goods has to be registered, the invoice shall bear the number or symbol of the goods that is needed for registration.
(4) If foreign language text is necessary, it must be placed between parentheses () or next to the Vietnamese text, in which case it must be smaller than the Vietnamese text.
(5) If the good or service has a pLU code, both the name and the pLU code must be written on the invoice.
What are components of the data of an e-invoice in Vietnam?
Pursuant to Clause 2 Article 12 of the Decree 123/2020/ND-CP stipulating e-invoice format:
E-invoice format
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2. The data of an electronic invoice consists two components: information about the transaction and the digital signature. Authenticated e-invoices shall also contain the data of the tax authority’s code.
3. The General Department of Taxation shall develop and announce the format of transaction-related information, digital signatures and tools for display of e-invoices prescribed herein.
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As regulated above, the data of an electronic invoice consists two components:
- Information about the transaction.
- Information about the digital signature.
Note: Authenticated e-invoices shall also contain the data of the tax authority’s code.
