Vietnam: What are the types of e-invoices?

According to Decree No. 119/2018/ND-CP of Vietnam’s Government, e-invoices shall be classified into the following types:

- Value-added tax e-invoice which is an invoice that may be used by providers of goods or services for their value-added tax declaration made by employing the credit method. In this case, this type of e-invoice shall include those invoices created by POS cash registers with network connections for transfer of electronic data to tax authorities.

- Sales e-invoice which is an invoice that may be used by providers of goods or services for their value-added tax declaration made by employing the direct method. In this case, this type of e-invoice shall include those invoices created by POS cash registers with network connections for transfer of electronic data to tax authorities.

- Other e-invoices, including electronic stamps, electronic tickets, electronic cards, electronic receipts, electronic goods dispatch and consignment note, or electronic evidencing documents which carry other names but contain information specified in Article 6 of this Decree.

Note: E-invoices shall be issued by using the standard data format regulated by the Ministry of Finance.

According to Article 6 of Decree No. 119/2018/ND-CP, e-invoices shall contain the following information:

- Invoice title, invoice code, invoice form code, invoice number;

- The seller’s name, address and tax identification number;

- The buyer’s name, address and tax identification number (where the buyer's tax identification number is available);

- Name, measurement unit, quantity, unit price of goods or services; amount before VAT, rate of VAT being charged, total amount with VAT calculated at specific VAT rates, total VAT amount, total sum inclusive of VAT with respect to an VAT tax invoice;

- Total sum;

- The seller’s digital signature and electronic signature;

- The buyer’s digital signature and electronic signature (if any);

- E-invoicing time;

- The tax authority’s authentication code, required with respect to an e-invoice with the tax authority's code;

- Fees and charges remitted into the state budget and other related contents (if any).

The Ministry of Finance shall elaborate on the contents of e-invoices and cases in which it is unnecessary to present all contents stated above.

More details can be found in Decree No. 119/2018/ND-CP of Vietnam’s Government, which takes effect from November 01, 2018.

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