What is an e-invoice? Summary of latest legal documents on e-invoice

Enterprises must use e-invoices from July 01, 2022. LuatVietnam shall have a detailed explanation of what is e-invoice and a summary of the latest legal documents on e-invoices.

What is e-invoice?

In accordance with the Article 3, the Decree No. 119/2018/ND-CP, an invoice means an accounting document that is created by an organization or individual selling goods or providing services to record information about goods sale or service provision in accordance with the Accounting Law.

Within that, e-invoice means an invoice that is represented in electronic data form, is created by an organization or individual selling goods or providing services, shows information about these goods or services, digital signatures, and electronic signatures by using an electronic instrument, including those created by POS cash registers with network connection for transmission of electronic data to the tax agency.

Pursuant to the Article 5 of the Decree No. 119/2018, e-invoices shall be classified into the following types:

- Value-added e-invoice: Used by sellers of goods or providers of services for their value-added tax declaration by the credit method. In this case, this type of e-invoice also includes invoices created by POS cash registers with network connection for transmission of electronic data to the tax agency.

- Sales e-invoice: Used by sellers of goods or providers of services for their value-added tax declaration by the direct method. In this case, this type of e-invoice also includes invoices created by POS cash registers with network connection for transmission of electronic data to the tax agency.

- Other types of e-invoices: Electronic stamp, electronic ticket, electronic card, electronic receipt, electronic goods dispatch and transport note, or electronic documents which carry other names but contain information.

For e-invoice contents, the Article 6 of the Decree 119 prescribes that the e-invoice must include the contents as follows:

- Invoice title, code, form code and number;

- Seller’s name, address and tax identification number;

- Buyer’s name, address and tax identification number (if the buyer has a tax identification number);

- Name, unit of measurement, quantity, unit price of goods or service; amount exclusive of VAT, VAT rate, total VAT amounts calculated at specified VAT rates, total VAT amount, total sum inclusive of VAT, for value-added invoices;

- Total amount paid;

- Buyer’s and seller’s digital signature and electronic signature;

- E-invoicing time;

- The tax agency’s code, for e-invoices with the tax agency’s code;

- Charges and fees to be remitted into the state budget and other related contents (if any).

What is an e-invoice
Summary of latest legal documents on e-invoice

Hereafter is the summary of the latest legal documents on e-invoice:

No.

Title

Content

1

Decree No. 119/2018/ND-CP

Prescribing electronic invoices for goods sale and service provision

2

Decree No. 123/2020/ND-CP

On invoices and documents

3

Decree No. 125/2020/ND-CP

On sanctioning of administrative violations related to taxes and invoices

4

Circular No. 78/2021/TT-BTC

guiding the implementation of a number of articles of the Law on Tax Administration and the Decree No. 123/2020/ND-CP on invoices and documents.

Within that, detailing the route for using the e-invoices from July 01, 2022.

5

Decision No. 206/QD-BTC dated February 02, 2022

On application of e-invoices in 57 provinces and centrally-run cities

6

Circular No. 68/2019/TT-BTC

(Ineffective from July 01, 2022)

on guiding the implementation of a number of articles of the Decree No. 119/2018/ND-CP providing regulations on electronic invoices for selling goods and providing services

7

Circular No. 88/2022/TT-BTC

(Ineffective from July 01, 2022)

On guiding the implementation of a number of articles of the Decree No. 68/2019/ND-CP providing regulations on electronic invoices for selling goods and providing services

8

 Circular No. 32/2011/TT-BTC 

(Takes effect on June 30, 2022 in accordance with Clause 1, Article 1 of the Circular No. 88/2020/TT-BTC)

Guiding the creation, issuance and use of e-invoices for goods sale and service provision

9

Circular No. 191/2010/TT-BTC

(Takes effect on June 30, 2022 in accordance with Clause 1, Article 1 of the Circular No. 88/2020/TT-BTC)

Guiding the implementation and usage of transportation invoices

10

Circular No. 39/2014/TT-BTC 

(Takes effect on June 30, 2022 in accordance with Clause 1, Article 1 of the Circular No. 88/2020/TT-BTC)

On guiding the implementation of the Decree No. 51/2010/ND-CP and Decree No. 04/2014/ND-CP on goods sale and service provision invoices.

11

Decision No. 1209/QD-BTC

(Takes effect on June 30, 2022 in accordance with Clause 1, Article 1 of the Circular No. 88/2020/TT-BTC)

On the pilot for use of e-invoices with the tax agency’s code

12

Decision No. 526/QD-BTC 

(Takes effect on June 30, 2022 in accordance with Clause 1, Article 1 of the Circular No. 88/2020/TT-BTC)

On expansion of the scope of pilot application of e-invoices with verification codes of tax agencies

13

Circular No. 37/2017/TT-BTC 

(Takes effect on June 30, 2022 in accordance with Clause 1, Article 1 of the Circular No. 88/2020/TT-BTC)

 On amending a number of Articles of the Circular No. 39/2014/TT-BTC on goods sale and service provision invoices

14

Official Dispatch No. 5113/TCT-CS dated December 27, 2021

Guiding a number of contents on e-invoices

15

Official Dispatch No. 2054/TCHQ-GSQL dated June 03, 2022 

In the time of issuing e-invoices for exported goods

 
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