Prime Minister of Vietnam requests to intensify the management and use of e-invoices in Vietnam

Prime Minister of Vietnam requests to intensify the management and use of e-invoices in Vietnam​ (Image from the internet)

On December 9, 2024, the Prime Minister of the Government of Vietnam signed Official Telegram 129/CD-TTg concerning the enhancement of management and usage of e-invoices, improving the effectiveness of tax collection efforts on e- commerce.

Prime Minister of Vietnam requests to intensify the management and use of e-invoices in Vietnam

To strengthen the management and use of e-invoices, improve the effectiveness of tax collection management for e- commerce activities, and contribute to creating an equitable, transparent, and favorable business environment for people and businesses, the Prime Minister of the Government of Vietnam requests that Ministers, heads of ministerial-level agencies, and heads of governmental bodies, as well as Chairpersons of People's Committees of provinces and centrally-run cities, seriously implement all tasks, solutions, and directives as stated in Official Telegram 889/CD-TTg dated October 1, 2022; Official Telegram 1123/CD-TTg dated November 18, 2023; Official Telegram 1284/CD-TTg dated December 1, 2023. Simultaneously, continue to focus on the following tasks:

- The Ministry of Finance of Vietnam takes the lead in cooperation with relevant ministries, agencies:

+ Intensify promotion, guidance, direction, and organization of the implementation of e-invoice usage, assisting individuals and businesses in clearly understanding the benefits and responsibilities and the effectiveness of using e-invoices, enhancing the compliance awareness of taxpayers regarding tax law obligations; review, support, and require business establishments to apply e-invoices generated from cash registers, focusing on key areas of retail directly to consumers such as: food service, retail sale of goods in shopping centers, retail stores for consumer goods, petrol retail... ensuring the facilitation of issuing e-invoices.

+ Strengthen connectivity and information/data exchange with relevant ministries and agencies, especially the Ministry of Public Security, for effective tax management, particularly for e-commerce, petrol, and online platform businesses, ensuring accurate, adequate, and prompt tax collection. Firmly handle, according to the law, individuals who deliberately do not implement e-invoices generated from cash registers.

+ Enhance inspection and monitoring of the issuance and usage of e-invoices, especially in creating e-invoices at petrol retail stores for each customer transaction, ensuring compliance with the law, and strictly handling violations or deliberate non-compliance. Direct tax authorities at all levels to proactively collaborate with the police and relevant agencies to focus resources and decisively carry out inspection and supervision of retail petrol stores, especially those still using POS machines/tablets/phones with software installed to generate e-invoices upon sales, ensuring compliance with electronic invoicing for each sale and data connectivity with tax authorities according to Decree 123/2020/ND-CP of the Government of Vietnam. Strictly handle violations and publicly disclose information on violations in accordance with Article 29 of Decree 126/2020/ND-CP.

+ Urgently submit to the Government of Vietnam by January 2025 the issuance of a Decree amending and supplementing certain articles of Decree 123/2020/ND-CP, including solutions related to e-invoices for e-commerce activities.

- The Ministry of Industry and Trade of Vietnam leads in cooperation with relevant ministries, agencies:

+ Continue to research, review, amend, and improve legal policies on managing transactions in e- commerce activities, facilitating tax management related to business activities of individuals on e-commerce platforms.

+ Direct nationwide petrol and retail petrol businesses to fully and properly comply with legal regulations on petrol trading; strictly implement regulations on e-invoices for petrol trading and retail activities, especially in creating e-invoices at petrol retail stores for each customer transaction; cooperate with tax authorities to inspect, supervise, and handle legal violations on e-invoices for each sale of entities operating in petrol trading according to the law.

More details can be found in Official Telegram 129/CD-TTg, issued on December 9, 2024.

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