Vietnam: Guidance on VAT, mandatory e-invoicing delayed to 1 July 2022
Vietnam: Guidance on VAT, mandatory e-invoicing
Guidance (Decree No. 123/220/ND-CP) concerning the rules for electronic invoicing (e-invoicing) has delayed the effective date of e-invoicing to 1 July 2022.
Under the delayed effective date, e-invoicing will be mandatory beginning 1 July 2022 (instead of the prior proposed effective date of 1 November 2020).
Enterprises that have issued paper invoices and e-invoices before 19 October 2020 (the date the decree was issued) may continue to use them until 30 June 2022. For the invoices issued after 19 October 2020, if the enterprises have not yet met the requirement with regard to the information technology infrastructure and continue to use other types of invoices, they must submit to the tax authority their invoice information together with the value added tax (VAT) declaration form.
Read a 2020 report [PDF 275 KB] prepared by the KPMG member firm in Vietnam
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