Vietnam: Officially issued a document amending and supplementing Circular 68 on e-invoices

Nguyen Trinh

08:08, 13/11/2020

Recently, the Ministry of Finance of Vietnam has issued the Circular No. 88/2020/TT-BTC amending Article 26 of Circular No. 68/2019/TT-BTC providing guidance on implementation of Decree No. 119/2018/NĐ-CP prescribing electronic invoices for sale of goods and provision of services.

In order to be consistent with Decree No. 123/2020/NĐ-CP of Vietnam’s Government on the mandatory time to apply e-invoices from July 01, 2022, Circular No. 88/2020/TT-BTC of the Ministry of Finance of Vietnam abrogates Clause 3, Clause 4 Article 26 of the Circular No. 68/2019/TT-BTC, specifically annulling the following provisions:

- From November 01, 2020, enterprises, business organizations, other organizations, household businesses and individual businesses shall apply for use of electronic invoices in accordance with Circular No. 68/2019/TT-BTC.

- From November 01, 2020, the Circulars and Decisions of the Ministry of Finance mentioned in Clause 2 Article 26 of Circular No. 68/2019/TT-BTC shall cease to have effect.

Besides, Circular No. 88/2020/TT-BTC also amends the expiration date of the following documents, specifically amending from October 30, 2020 to June 30, 2022:

- Circular No. 32/2011/TT-BTC on generation, issuance and use of electronic invoices for sale of goods and supply of services;

- Circular No. 191/2010/TT-BTC on management and use of transport invoices;

- Circular No. 39/2014/TT-BTC; Circular No. 37/2017/TT-BTC providing guidance on Decree on the sale of goods and services;

- Decision No. 1209/QD-BTC; Decision No. 526/QD-BTC on expansion of the scope of pilot application of authenticated electronic invoices;

- Decision No. 2660/QD-BTC on extension of Decision No. 1209/QD-BTC.

View more details at the Circular No. 88/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from November 01, 2020.

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