Policy update
Thuy Linh
Regulation on application of e-invoices On 19 October the government issued Decree 123/2020 guiding invoices and documents, including e-invoice related matters. One of the decree’s notable points is a delay of the deadline for compulsory implementation of e-invoices from 1 November 2020 until 1 July 2022. This delay gives some breathing room for companies which have not yet implemented this measure. Mandatory use of e-invoices from 1 July 2022 Decree 123/2020/ND-CP abolishes Clauses 2 and 4, Article 35 of the Government Decree 119/2018/NDCP on the mandatory application of e-invoices from November 1. According to the decree, the government encourages agencies, organisations and individuals that satisfy the information
technology infrastructure to apply the provisions on e-invoices and documents outlined in the decree before 1 July. Due to the decree’s effective date of 1 July 2022, businesses and economic organisations that have notified the issuance of pre-printed invoices, self-printed invoices and e-invoices without the tax authority's code, or have registered for the application of e-invoices with the tax authority's code, or purchased invoices from the tax authority before the issuing date of this decree, are still allowed to use these invoices until June 30, 2022, and carry out the procedures for invoices under Decree 51/2010/ND-CP and Decree No. 04/2014/ND-CP of the government on invoices for selling goods and services. From the issuing date of this decree to 30 June 2022, if the tax authority has requested the business establishment to use e-invoices, but the business establishment has not yet met the information technology infrastructure and continues to use paper invoices, the business establishment shall send invoice data to the tax authority
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according to the form enclosed with the value-added tax declaration. The tax authority will build data on invoices of the business establishments to put into the invoice database and post them on the General Department of Taxation’s Portal for the search of data on invoices. For newly established business establishments, from the issuing date of decree to 30 June 2022, if the tax authority has requested the business establishments to apply e-invoices according to regulations in this decree, the business establishments shall comply with the tax authority’s guidance. If the business establishments have not yet met conditions for information technology infrastructure but still use paper invoices, they shall comply with provisions in the government’s Decrees 51 and 04.
How to manage and use e-invoices? Decree 123/2020/ND-CP stipulates the management and use of invoices when
