📌 E-Invoices: Key Updates Effective from 01/06/2025
On 01/06/2025, Decree 70/2025/ND-CP takes effect, amending important provisions of Decree 123/2020/ND-CP on e-invoices. This is a step toward greater transparency, tighter tax management, and support for businesses in the digital economy.
1️⃣ New Subjects & Concepts
- Foreign suppliers (e-commerce, digital platforms) may voluntarily register to use e-invoices.
- New concepts introduced: “E-commerce invoice” and “E-invoice generated from cash registers”.
- A new Tax Authority E-Invoice Portal for e-invoice management.
2️⃣ New Rules on Issuance & Usage
- Integration of receipts & invoices allowed when collecting taxes, fees, charges, and services together.
- More cases requiring invoices for each transaction (casinos, gaming with prizes, e-commerce, etc.).
- Revised timing of invoice issuance for specific industries: insurance, export, lottery, healthcare, etc.
- VAT invoice cum tax refund form officially implemented.
3️⃣ Data Management & Security
- Mandatory submission of e-invoice data to tax authorities; failure to submit is a violation.
- Stricter registration with biometric technology to enhance security.
- Additional responsibilities for e-invoice service providers.
4️⃣ Impact on Businesses
- Improved legal framework for e-commerce and digital businesses.
- Stronger tax control → reduced invoice fraud risks.
- Simplified procedures: registration, authorization, electronic records.
- Covers more industries: e-commerce, casinos, insurance, healthcare, education…
🎯 Conclusion
Decree 70/2025/ND-CP demonstrates the Government’s effort to modernize the e-invoice system, ensuring transparency – security – efficiency.
👉 Businesses should: update the new rules promptly, review invoicing processes, prepare IT infrastructure, and coordinate with tax authorities/service providers.
📞 Contact MBA Audit Firm for detailed advisory and internal training on e-invoice compliance.
✨ MBA Audit Firm – Trust. Integrity. Professionalism.
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