On March 20th, 2025, the Government issued Decree No. 70/2025/ND-CP, which includes several new regulations on invoices and documents, specifically as follows:
Guidance for export processing enterprises on the use of value-added tax invoices:
Export processing enterprises engaging in other business activities (other than export processing activities according to regulations on industrial parks and export processing zones) that declare value-added tax under the direct method shall use invoices according to the direct method.
Export processing enterprises that declare value-added tax under the deduction method shall use invoices according to the deduction method.
Amendment regulations on the time of invoice issuance for some specific cases:
- The time of invoice issuance for export of goods: For export of goods (including processing for export), the time of issuance for commercial e-invoices, value-added tax e-invoices, or sales e-invoices shall be determined by the seller but no later than the next working day from the date the goods are cleared through customs according to regulations on customs.
- For the cases of selling goods and providing services in large quantities, arising frequently, and it takes time to reconcile data between the enterprises selling goods, providing services and customers/partners, including:
– Providing direct support services for air transportation, aviation fuel supply for airlines, and electricity supply activities (excluding specific cases under point h of this clause).
– Providing support services for railway transportation (new content), water supply, television services, television advertising services (new content), e-commerce services (new content), postal and delivery services (including agency services, collection and payment services), telecommunications services (including value-added telecommunications services).
– Logistics services, information technology services (except for the cases specified in Point b of this Clause) are sold on a certain period, and banking services (except for lending activities).
– International money transfers, securities services, computerized lottery services, road use toll collection between investors and toll service providers, and other cases according to the guidance of the Ministry of Finance (new open content).
– The time of invoice issuance in the above cases is the time when data reconciliation between the parties is completed, but no later than the 07th day of the month after the month in which the services are provided or no later than 07 days from the end of the agreed period.
The agreed period serves as a basis for calculating the quantity of goods, and services provided based on the agreement between the unit selling the goods, providing services and the purchaser.
Supplement regulations on invoices for promotions, giving, gifts, and donating goods:
In cases of promotion of goods, or services according to the regulations of commercial law; giving, gifts, and donating goods and services under the regulations of law, an invoice of the total value of the promotions, giving, gifts, and donating accompanied by a list of promotions, giving, gifts, and donating goods.
The organization maintains relevant records on promotional, giving, gift, and donating programs and provides them when requested by competent authorities, and shall be responsible for the accuracy of transaction information, and must provide a detailed summary of goods and services when requested by competent authorities.
In case the customer requests invoices for each transaction, the seller must issue invoices to the customer.
New guidance on the time difference between digital signature and invoice issuance:
In case the issued e-invoice has a time of digital signature on the invoice different from the time of invoice issuance, the time of digital signature and the time of sending the tax authority to issue the code for invoices with tax authority codes or the time of data transferring e-invoice data to the tax authority for e-invoices without tax authority codes are no later than the next working day from the time of invoice issuance (except for sending data under the summary table as specified in Point a.1, Clause 3, Article 22 of this Decree).
The seller declares tax at the time of invoice issuance; the time to declare tax for the buyer is the time of receipt of the invoice, ensuring that the form and content are correct and complete according to the regulations of Article 10 of this Decree.
This Decree takes effect from June 01st, 2025.
