Decree 70/2025/ND-CP on electronic invoices issued by the Government on March 20, 2025, marking an important step forward in perfecting the legal framework for invoices and documents in Vietnam. The main purpose of this decree is to amend and supplement a number of articles of Decree No. 123/2020/ND-CP, which is the current legal basis for regulations on invoices and documents.
Effective from June 1, 2025, Decree 70/2025 on electronic invoices promises to bring about many remarkable changes, directly impacting the business activities of enterprises and business households nationwide. Timely grasping of these new points is extremely important to ensure legal compliance and optimize the process of managing invoices and documents.
In particular, changes related to Decree 70 cash register bill and the Decree 70 amends Decree 123 has been the focus of attention of the business community in recent times.
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13 new highlights in Decree 70/2025/ND-CP on electronic invoices
Decree 70/2025/ND-CP brings many important adjustments and additions. Below are 13 new highlights that businesses and business households need to pay special attention to:
1. Amendment of regulations on invoice issuance time
This new Decree has made detailed adjustments to many provisions in Article 9 of Decree 123/2020/ND-CP, clarifying the timing of invoice issuance in different transactions:
- Time of invoice for sale of goods: Under the new regulations, the time of invoice issuance is the time of transfer of ownership or right to use goods to the buyer. This helps to clearly define responsibilities and the time of revenue recognition.
- Time to issue export invoice: Decree 70/2025/ND-CP allows sellers to determine the time of issuing export invoices, however, this time must not be later than the next working day from the date the goods are cleared through customs. This regulation creates more favorable conditions for businesses operating in the field of import and export.
- Time of service invoice creation: Service invoices must be issued at the time of completion of service provision. This ensures accuracy and timeliness in recording service revenue.
- Invoice timing for multiple deliveries/handovers: In cases where goods and services are delivered or handed over in multiple installments, an invoice must be issued for each delivery or handover. This regulation helps to closely manage complex transactions.
- Time to issue invoices for casino and electronic games with prizes: The time for invoicing in this field is stipulated to be no later than 01 day from the end of the revenue determination date.
- Other specific cases: The Decree also specifically stipulates the time of invoice issuance for specific fields such as bulk services, telecommunications, construction, real estate, insurance, lottery, etc., ensuring consistency and clarity in application.
- Clearly specify cases where the time of invoice creation is different from the time of digital signature: In case the time of invoice creation is different from the time of digital signature and data transfer, the time of digital signature and data transfer must be no later than the next working day from the time of invoice creation (except for cases of sending summary tables). The Decree also clarifies the principle of tax declaration: the seller declares tax according to the time of invoice creation, while the buyer declares tax according to the time of receipt of the invoice in accordance with regulations.
2. Amending and supplementing regulations on Electronic Invoices generated from cash registers (Electronic Invoices from MTT)
One of the important new points of Decree 70 cash register bill is the amendment and supplementation of regulations related to electronic invoices from MTT:
- Additional applicable subjects: The Decree expands the subjects required to use electronic invoices from the e-invoice system that connects to transfer data with tax authorities, including business households and business individuals with revenue of 1 billion VND/year or more.
- Expanded application to businesses: The application of e-invoices from MTT is also extended to businesses selling goods and providing services directly to consumers in specific areas such as shopping malls, supermarkets, retail, catering, restaurants, hotels, transportation, arts, entertainment, cinemas, etc. This aims to enhance transparency and efficiency of tax management in retail transactions.
- Additional definitions: Decree 70/2025/ND-CP on electronic invoices adds official definitions of "Electronic invoices generated from cash registers connected to electronic data transfer with tax authorities" and "Cash registers", clarifying the nature and technical requirements of this type of invoice.
3. Add the subject of foreign suppliers doing e-commerce business, business on digital platforms
Decree 70/2025/ND-CP for the first time mentions invoice management for foreign suppliers operating in the field of e-commerce and digital business in Vietnam:
- Voluntary registration: Foreign suppliers without a permanent establishment in Vietnam but conducting e-commerce or digital platform business activities can voluntarily register to use e-invoices under Decree 123/2020/ND-CP.
- Using VAT invoices: These suppliers are allowed to use value added tax (VAT) invoices for their transactions.
- Add e-commerce invoice type: The Decree also adds a type of e-commerce invoice applicable to exporters of goods and services abroad, with the condition that invoice data must be transferred electronically to the tax authority. This creates a clearer legal framework for cross-border e-commerce transactions.
4. Additional explanation of many terms about invoices and documents
To ensure consistent understanding and application, Decree 70/2025/ND-CP has supplemented and explained in detail many important terms:
- Additional and Explanation: New terms added and explained include: Electronic Invoice from MTT, Cash Register, Electronic Document, Destruction of Electronic Invoice/Document, Destruction of Invoice printed by tax authority.
- Modify definition: The definition of Electronic Document has been revised, removing the listing of specific types of documents, and replacing it with a more general definition.
- Additional content on destruction: The Decree supplements the content explaining clearly about invoices and documents that are allowed to be destroyed, which are invoices and documents whose storage period has expired according to the provisions of law.
- Amend the definition of electronic invoice service provider: The definition of Electronic Invoice Service Provider is expanded to include the provision of electronic document services.
- Supplementing the definition of the General Department of Taxation's Electronic Information Portal: The Decree supplements the definition of the General Department of Taxation's Electronic Information Portal on electronic invoices exclusively for taxpayers, creating an official and centralized information channel.
5. Amendment and supplementation of prohibited acts (for organizations, individuals selling goods, providing services and related parties)
Decree 70/2025/ND-CP also updates and supplements prohibited acts in the field of invoices and documents:
- Prohibition of falsifying invoices and documents to commit an illegal act.
- Prohibition of electronic data transfer to tax authorities as prescribed.
6. New regulations on invoice use
Decree 70/2025/ND-CP provides a number of new regulations related to the use of invoices in specific cases:
- Foreign suppliers: As mentioned above, foreign suppliers doing e-commerce business are allowed to use VAT invoices.
- Add e-commerce invoice type: The Decree officially supplements regulations on types of e-commerce invoices for export transactions.
- Manufacturing enterprises: The Decree provides specific guidance on the use of VAT invoices by manufacturing enterprises depending on the tax declaration method chosen by the enterprise.
- Invoice for sale of public assets: The Decree provides general provisions on the use of invoices when selling public assets, creating a legal basis for the management of these transactions.
7. Abolish a series of regulations on invoices and documents from June 1, 2025
To synchronize and eliminate inappropriate regulations, Decree 70/2025/ND-CP decided to abolish a number of provisions in Decree 123/2020/ND-CP:
- Abolish regulations on cancellation of invoices and documents: Clause 10, Article 3 of Decree 123 regulating the cancellation of invoices and documents will be abolished.
- Abolish regulations on retail and food service establishments: Point g Clause 4 Article 9 of Decree 123, relating to invoicing at retail and catering establishments, will also no longer be effective.
- Abolish regulations on electronic document format for personal income tax deduction: Clause 2, Article 33 of Decree 123 regulating the format of electronic documents for personal income tax (PIT) deduction will be abolished.
- Abolish regulations on making and authorizing making receipts: Article 37 of Decree 123, which regulates the preparation and authorization of receipts, will also no longer be effective.
- Abolish regulations related to system connection and information provision: The provisions in Clause 2, Article 50, Article 51, Clauses 3 and 4, Article 52, Clause 5, Article 53 of Decree 123, related to stopping system connection, time limit for providing information, deploying contact addresses, ensuring operation of the system for receiving electronic invoice information, will also be abolished.
8. Prohibited acts in the field of invoices and documents
Decree 70/2025/ND-CP provides more detailed regulations on prohibited acts in the field of invoices and documents, including:
- For tax officials: Acts such as causing trouble, harassing taxpayers, covering up violations of laws on invoices and documents, and accepting bribes in any form are strictly prohibited.
- For individuals, organizations selling goods, providing services and related parties: Prohibited acts include using illegal invoices, fake invoices, falsifying invoices and documents, obstructing tax officials during inspections and checks, giving bribes, illegally accessing the information system on invoices and documents, and especially not transferring electronic invoice data to tax authorities in accordance with regulations.
9. Changes to the electronic invoice registration form
The new Decree also has notable changes regarding the registration form for using electronic invoices:
- Additional cases where invoices must be issued: The Decree supplements cases where sellers must issue invoices to buyers from June 1, 2025.
- Authorization to establish the Investment Contract: Business households and business individuals are allowed to authorize a third party to create electronic invoices.
- New regulations when registering: The process of registering to use electronic invoices will have an additional step of comparing information with the National Population Database and Electronic Identification. The system will also send a confirmation request via email or phone to the registrant. In case of detecting tax risks, the tax authority has the right to request the taxpayer to explain or verify actual business activities.
- Branch data mining: In case the parent company needs to exploit electronic invoice data of branches and dependent units, the parent company must notify the tax authority directly managing the parent company.
10. New points about stopping the use of electronic invoices
Decree 70/2025/ND-CP adds specific cases in which taxpayers will be stopped from using electronic invoices:
- Cases of discontinuation of use: These cases include temporary suspension of use according to documents of competent authorities, acts of short selling of goods and services, violations of tax or invoice laws, changes in business lines that do not meet the conditions for using electronic invoices from MTT, signs of tax evasion or high tax risks.
- Implementation sequence: The procedure for stopping the use of electronic invoices is specifically regulated for each case, ensuring transparency and compliance with the law.
11. Supplement the content of the invoice
The content of electronic invoices according to Decree 70/2025/ND-CP also has some adjustments:
- Buyer information: In addition to name, address, tax code, personal identification number or unit code related to the budget can be used.
- Add the name of the goods and services – clearly state in the invoice
- Specify the content of invoices for special cases (electricity, water, telecommunications, banking, securities, insurance, medical examination and treatment, etc.).
- Electronic invoices do not necessarily have to have full content.: Clearly stipulate cases such as selling gasoline to non-business individuals, casino/electronic game business with prizes that do not necessarily have the name, address, tax code, and digital signature of the buyer.
- Supplementing regulations on VAT invoices and tax refund declarations shall be implemented according to the guidance of the Minister of Finance.
11. Regulations on handling erroneous invoices
Decree 70/2025/ND-CP has important changes in the process of handling erroneous electronic invoices: Eliminate the regulation of canceling incorrectly created electronic invoices in case the seller discovers that the invoice has been coded but not yet sent to the buyer.
12. About discount invoices
Specify the method of calculating and adjusting the discount amount on the invoice (adjust on the final invoice/next period or issue an adjusted invoice with a statement).
13. Changes to documents
The Decree also has adjustments related to electronic documents and electronic receipts:
- Registering to use electronic documents and electronic receipts: Adding registration subjects (organizations and individuals deducting personal income tax, deducting e-commerce/digital platform tax) and specifying subjects registering directly on the Electronic Information Portal.
- Submit electronic documents to the Tax Authority: Submit complete personal income tax deduction document data in standard format.
- Handling incorrectly created documents: Perform the same process as handling incorrectly created electronic invoices, notify according to form 04/ss-CTĐT.
- Send periodic receipt usage reports to tax authorities according to form BC26/BLĐT.
Bizzi's solution supports businesses to meet Decree 70/2025/ND-CP on electronic invoices
To help businesses and households easily adapt to changes in the Decree 70/2025 on electronic invoices, e-invoice solution providers like Bizzi have been constantly updating and developing new features. Below are some of the solutions and functions that Bizzi can provide to support businesses in meeting the requirements of the new decree:
- Timely updates of new regulations: Bizzi is committed to quickly and accurately updating changes in Decree 70/2025/ND-CP, ensuring that the electronic invoice system always complies with the law.
- Support for new time-based billing: The Bizzi system will be adjusted to support users in invoicing accurately according to new regulations on the timing of invoicing for each type of transaction (sales of goods, exports, services, multiple deliveries, etc.).
- Electronic invoice solution initiated from cash register: Bizzi provides an electronic invoice solution from cash registers that fully meets the requirements of the decree, including connecting and transferring electronic data directly to tax authorities, suitable for subjects such as business households with revenue of over 1 billion VND and businesses in the retail and direct-to-consumer services sectors.
- Support invoice management for foreign suppliers: Bizzi can provide e-invoice solutions for foreign suppliers doing e-commerce business in Vietnam, helping them register and use VAT invoices conveniently.
- Prevent prohibited behavior: The Bizzi system is designed with high security features, helping businesses prevent counterfeit invoices, data theft or other violations.
- Update the registration form for using electronic invoices: Bizzi will update the electronic invoice registration forms according to new regulations, supporting businesses to carry out registration procedures quickly and accurately.
- Ensure full invoice content: The Bizzi system allows users to fully enter required information and additional information according to new regulations, including buyer information (personal identification number, unit code), detailed names of goods and services, and specific content for each industry.
- Support for handling incorrect invoices: Bizzi provides an easy process for adjusting and replacing incorrectly issued e-invoices, in compliance with the new regulation of no longer canceling unsent invoices.
Conclude
Decree 70/2025/ND-CP on electronic invoices marks an important step forward in perfecting the legal framework for invoices and documents in Vietnam, especially in the context of strong digital transformation. These changes not only affect businesses' accounting and tax management processes but also affect the way they transact and interact with tax authorities.
Understanding the timing of invoicing and new regulations, especially changes related to Decree 70 cash register bill and the Decree 70 amends Decree 123, is extremely important for businesses and business households to comply with the law and minimize possible legal risks.
To ensure effective compliance and optimize the process of managing invoices and documents according to Decree 70/2025 on electronic invoices, businesses and business households need to proactively learn carefully about the new regulations and have plans to deploy appropriate technology solutions, such as e-invoice solutions from reputable suppliers such as Bizzi. Careful preparation now will help businesses and business households be ready to apply the new regulations from June 1, 2025 smoothly and effectively.
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