|E-invoicing is mandatory||Yes|
Vietnam Electronic Invoicing and Digital Reporting Requirements
|Indirect tax control regime||CTC|
|E-Invoicing/CTC Model||Clearance e-invoicing|
|Governing entity||General Department of Taxation (GDT)|
|Taxpayers||Taxpayers in Vietnam specified in Article 2 of Decree 123 of 2020|
|Domestic Transactions||B2B - yes, B2C - yes, B2G - yes|
|Cross-border Transactions||Export - yes, Import - no|
|Documents||VAT invoices, Sales invoices, Export invoices, Other documents and receipts (e.g. stamps, tickets, dispatch and consignment notes)|
|Supplier-side requirements (AR)|
|Format(s) while sending to the platform||Local XML|
|Format for exchange with buyer/recipient||XML, along with the PDF presentation|
|Buyer-side requirements (AP)|
|Receiving document in electronic format||Mandatory: XML|
|Acknowledgement of receipt||Optional|
|Response to the document received (Accept or reject)||Optional|
|Archiving Abroad||Allowed under conditions|
|Archiving Period||10 years|
|Other Digital Reporting Obligations|
|SAF-T or other accounting filings||No|
Mandatory e-invoicing was introduced on July 1, 2022.
Before issuing e-invoices, taxpayers should register with the General Department of Taxation and obtain a digital certificate.
What Types of Businesses Does This Apply to?
It applies to taxpayers in Vietnam specified in Article 2 of Decree 119 of 2018.
Governmental Body Responsible for E-invoicing in Vietnam
|The General Department of Taxation (Tổng Cục Thuế)|
|Official website of the tax authority|
Penalties for Not Adhering to Vietnam's E-invoice Mandates
- A fine between VND 4 million and VND 8 million is imposed for issuing e-invoices without the GDT’s approval or without the GDT’s code.
- A fine ranging from VND 10,000,000 to VND 20,000,000 is imposed for failing to issue invoices when required by law.
What does the e-invoicing process in Vietnam look like?
There are two categories of e-invoices:
- Issued with the GDT’s confirmation code
- Issued without the GDT’s confirmation code.
Taxpayers should register with the GDT before issuing e-invoices to be approved and obtain a digital certificate.
Taxpayers can send e-invoices directly to the GDT or through a certified service provider. After receiving the e-invoice, the GDT validates it, and only after validation can the e-invoice be sent to the buyer.
Taxpayers who only issue a small number of e-invoices can issue them via the GDT’s web portal.
Is SAF-T Needed in Vietnam?
E-Invoicing & Global Tax Automation with Fonoa
One way to comply with Digital Reporting Requirements in Vietnam is to use a provider like Fonoa.
With Fonoa you can:
- Have one integration for your global needs, including Vietnam
- Save time and money by automatically cleaning your data to minimize errors and manual work
- Utilize our validation mechanisms to ensure reporting accuracy, data completeness, full control, and compliance
- Rest assured that transactions are successfully reported or queued for internal investigation with our retry mechanisms
- Get full visibility with our dashboards by filtering criteria, analyzing granular transaction data, and quickly importing /exporting information