Vietnam General Department of Taxation shall manage the invoice/record information system

According to Article 43 of the Decree No. 123/2020/NĐ-CP of Vietnam’s Government, the development of the invoice/record information system is prescribed as follows: 

- The invoice/record database is a collection of organized invoice/record data that can be accessed, managed and updated via electronic devices.

- The invoice/record database managed by tax authorities shall be developed by the General Department of Taxation and State Treasury in cooperation with relevant units in conformity with the architecture of Vietnam’s Electronic Government, including the following functions: registration, invoice/record cancellation, information about e-invoices to be sent by sellers to tax authorities, record information sent to tax authorities, and invoice/record-related information about tax declaration.

Besides, Article 43 of the Decree No. 123/2020/NĐ-CP of Vietnam’s Government also stipulates that invoice/record information shall be collected according to the information sent by the sellers to tax authorities, information related to e-invoices/ electronic records from other authorities, and information collected from the performance of tax administration tasks by tax authorities.

Concurrently, the General Department of Taxation shall process information and data before they are stored in the national database with the aims of ensuring rationality and uniformity. Information processing tasks include:

- Inspection and assessment of conformity to regulations and procedures during collection of information and data;

- Inspection and assessment of legal grounds and reliability of information and data;

- Compilation, arrangement and classification of information and data according to regulations;

- For information and data updated from specialized databases, their managing authorities shall be responsible for the accuracy of the information and data.

Moreover, the General Department of Taxation shall manage the invoice/record information system as follows:

- Develop, manage, operate and use the invoice/record information system and provide public e-invoice/electronic record services where necessary;

- Integrate survey results, relevant data and information about invoices/records provided by relevant Ministries and regulatory authorities;

- Provide instructions, inspect and supervise the management and operation of the invoice/record information system by local tax authorities;

- Formulate and promulgate regulations on accessibility to the invoice/record information system; manage the connection, sharing and provision of data for databases of Ministries, local and central authorities;

- Take charge and cooperate with relevant units in development of software programs in the invoice/record information system.

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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