Important notes in using invoices according to the new Regulations

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From November 1, 2021, after the latest regulations on Electronic Invoices are applied. We will present the issues that businesses need to pay attention to in using electronic invoices

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Legal basis and attached information

Pursuant to Decree 123/2020/ND-CP and Circular TT78/2021/TT-BTC on implementation of electronic invoices. Businesses need to note the following important points:

• From November 2021 onwards, all Organizations, Enterprises, Business Households, and Individuals doing business in Ho Chi Minh City must switch to using Electronic Invoices according to the new Regulations
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• Enterprises and organizations must stop using paper invoices and electronic invoices according to the old Circular to switch to electronic invoices according to the new Circular form (Please contact directly with Network operators provide their current Electronic Invoices for conversion instructions.
• Enterprises and organizations must self-determine whether to use electronic invoices with tax agency codes or invoices without tax agency codes to register for use (List of entities with codes or There is no Tax office code attached to the text below).
• Regarding the issue of transferring electronic invoice data to the Tax authority. Previously there were no regulations, but now there are very clear regulations under the new regulations. (Please note that when issuing invoices, data must be transferred to the Tax authority in accordance with regulations).

  Note: Only electronic invoice service providers licensed by the agency according to the list posted on the tax agency portal are allowed to transfer data. In case you are using a provider whose name is not on the list published by the tax authority, please switch to another network provider or build a data connection system with the tax authority.

• When exporting, you still have to issue a VAT electronic invoice (Previously there was no need - previously commercial invoices were used, tax authorities did not manage them).
• Currently, the data has been linked to the Tax office, so pay attention to the issue of when to create Invoices and no longer allow backdating as before (Need to avoid the case of preparing in advance and leaving invoices ready). .

Attached information

• List of Organizations that meet the requirements for receiving, transmitting and storing electronic invoicesSee here
• Document 10847-BTC-TCT on the application of electronic invoicesSee here
• Circular 78-2021-TT-BTC Instructions for implementing electronic invoicesSee here
• Decision No. 1832-QD-BTC Decision of the Ministry of Finance on implementing electronic invoicesSee at here
• Open letter from the General Department of Taxation on the application of electronic invoicesSee here
• Details on the application of electronic invoicesSee here

Instructions for applying and using Electronic Invoices