Legal Counselling

Vietnam: Electronic record format according to Decree 123

16:06, 24/10/2020

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

Cách định dạng chứng từ điện tử theo Nghị định 123, Nghị định 123/2020/NĐ-CP

Specifically, according to Article 33 of the Decree No. 123/2020/NĐ-CP of Vietnam’s Government, the formats of tax, fee or charge receipts without pre-printed face values; tax, fee or charge receipts with pre-printed face values; tax, fee or charge receipts complies with the following provisions:

- Electronic receipts shall be XML (eXtensible Markup Language) documents, which are meant to share electronic data between IT systems;

- The data of an electronic record consists two components: information about the transaction and the digital signature;

- The General Department of Taxation shall develop and announce the format of transaction-related information, digital signatures and tools for display of electronic receipts prescribed herein.

- Format of an electronic PIT deduction statement: When using the document in Point a Clause 1 Article 30 hereof in the electronic form, the organization deducting PIT shall develop a software system serving the use of electronic records which must contain adequate compulsory contents specified in Clause 1 Article 32 hereof.

Note: Contents of electronic PIT deduction statements or receipts must be fully and accurately displayed, ensuring readers can read them with electronic devices.

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

Le Vy

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