Decree 70/2025/ND-CP (“Decree 70”), issued on March 20, 2025, amends and supplements several important provisions of Decree 123/2020/ND-CP (“Decree 123”) on invoices and documents. Decree 70 introduces significant adjustments regarding the timing of invoice issuance, integration of tax, fee, and charge receipts with invoices for buyers, and other administrative procedure changes that directly impact businesses, business households, and individual businesses using electronic invoices.
Below are some key updates provided by ATA Legal Services :
1. Addition of prohibited acts in the field of invoices and documents
Decree 70 supplements two prohibited acts applicable to organizations and individuals selling goods, providing services, and organizations and individuals with related rights and obligations, as follows:
(i) Forging invoices and documents to commit unlawful acts;
(ii) Failing to transmit electronic data to tax authorities as required by Decree 123.
2. Banking, securities, insurance, e-wallet money transfer, and electricity distribution service providers must issue invoices for all transactions, even when customers do not request them
According to Decree 123, service providers in banking, securities, insurance, e-wallet money transfer, and electricity distribution were allowed to issue summary invoices at the end of the day or month for transactions with individual customers (whether business or non-business) who did not request invoices. These providers were responsible for ensuring the accuracy of transaction information and providing detailed transaction summaries upon request by authorities.
However, Decree 70 eliminates this mechanism. Consequently, these service providers must issue VAT invoices for every revenue-generating transaction, regardless of whether the customer is an organization or an individual.
Currently, the daily summary invoice mechanism is only permitted for revenue generated by medical examination and treatment facilities that use medical management and hospital fee management software. Decree 70 also stipulates that if a customer requests an electronic invoice, the medical facility must issue and provide one.
3. Detailed guidance on cases requiring electronic invoices generated from cash registers
Entities required to use electronic invoices generated from cash registers that connect and transmit data to tax authorities include: Business households and individual businesses that pay taxes based on fixed revenue and have an annual revenue of VND 1 billion or more; Business households and individual businesses using cash registers and electronic invoices; Enterprises selling goods or providing services directly to consumers, including:
(i) Shopping malls; supermarkets; retail businesses (excluding automobiles, motorcycles, motorbikes, and other motor vehicles);
(ii) Food and beverage services; restaurants; hotels;
(iii) Passenger transportation services; direct support services for road transportation;
(iv) Art, entertainment, amusement services, and cinema operations;
(v) Other personal services according to the Vietnam Standard Industrial Classification system.
This requirement aims to enhance tax management and minimize tax losses.
4. Encouraging consumers to request invoices when purchasing goods and services
Decree 70 introduces provisions encouraging businesses, service providers, electronic invoice service providers, and tax authorities to implement measures promoting consumer invoicing, such as loyalty programs, prize drawings, and lucky invoice programs.
Additionally, tax authorities will launch initiatives to incentivize individuals to request invoices, using annual budget allocations to raise awareness and promote responsible consumer behavior.
Decree 70 also clarifies consumer rights when obtaining invoices for goods and services, specifically: Invoices with identifiable buyer information can be used for business activities, proof of ownership and use rights, lottery participation, or legal claims for compensation; Invoices can be used for accounting purposes, tax declarations, registration of ownership and usage rights, and state budget payment declarations per relevant legal regulations.
Thus, consumers should request invoices and ensure their details are recorded to safeguard their legal rights and interests.
5. Key new provisions for businesses when recording invoice details
| No. | Invoice Details | Amendments and Supplements under Decree 70 |
| 1 | Name, address, and tax identification number (TIN) of the buyer | Additions: (i) If the buyer is a budget-related entity, the invoice must include the entity's assigned budget code; (ii) If the buyer provides a TIN or personal identification number, these details must be reflected on the invoice. |
| 2 | Name, unit of measurement, quantity, and unit price of goods/services | Additions: (i) For transport services, invoices must show the vehicle registration number and travel route (departure and destination). Enterprises providing digital freight services must include sender details, including name, address, and TIN or identification number. (ii) For promotional or complimentary goods/services, a summary invoice can be issued alongside a detailed list. Documentation of promotions must be maintained and provided upon request by authorities. If requested by customers, itemized invoices must be issued. |
| 3 | Digital signature timing on electronic invoices | Additions: The digital signature timestamp must be displayed in the format of day, month, and year. If the timestamp differs from the invoice issuance date, the digital signature and tax authority submission (for tax-coded invoices) or transmission of invoice data (for non-tax-coded invoices) must occur by the next working day. Sellers declare taxes based on the invoice issuance date; buyers declare taxes upon receiving a valid invoice. |
| 4 | Cases where electronic invoices do not require full details | Amendments: (i) Supermarket and shopping mall invoices for individual customers do not require buyer name, address, TIN, or digital signature. (ii) Fuel invoices for individual customers do not require buyer name, address, TIN, or digital signature. (iii) Casino and gaming invoices do not require buyer name, address, TIN, or digital signature. |
Decree 70 takes effect on June 1, 2025.
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