Vietnam: When shall the enterprise issue e-invoices?

According to Decree No. 119/2018/ND-CP of Vietnam’s Government, e-invoicing time is prescribed as follows:

- Time of issue of an e-invoice for sale of goods is the time of transfer of the right to own or use goods to the buyer, irrespective of whether the payment of the invoiced amount is made or not.

- Time of issue of an e-invoice for provision of services is the time of completion of provision of services or the time of issue of the service invoice, irrespective of whether the payment of the invoiced amount is made or not.

- In case where multiple deliveries are required, or each goods item or service phase is accepted, it shall be mandatory to issue an invoice showing quantity, value of a good or service for each respective delivery or acceptance.

The Ministry of Finance shall consult regulations of the law on value-added tax and tax management to give specific guidance on the e-invoicing time in other cases and provisions laid down in this Article.

E-invoicing must comply with the following principle:

When selling goods and providing services, the seller (except business households or individuals defined in clause 6 Article 12 of Decree No. 119/2018/ND-CP) must issue an authenticated or unauthenticated e-invoice to the buyer by using the standard data format regulated by the tax authority and fill in all information required by Decree No. 119/2018/ND-CP, irrespective of value of each sale or provision.

In case of using the POS cash register for sale of goods or provision of services, the seller must apply for registration for use of e-invoices sent by the POS cash register with network connection for online transfer of electronic data to the tax authority.

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