The Government has issued the Decree No. 119/2018/ND-CP on e-invoices used for sale of goods and supply of services (entering into force from November 1, 2018).

The Decree prescribes that, when selling goods and supplying services, the seller (except business households or individuals defined in clause 6 Article 12 of this Decree) must issue an e-invoice with or without the tax agency’s identification code to the buyer by using the standard data format specified by the tax agency and fill in all required information, irrespective of invoice value. 

In case of using the POS system for sale of goods or supply of services, the seller must apply for registration for use of e-invoices sent by the POS system connected to a network for online data transfer with the tax agency.

Noticeably, if enterprises, economic organizations, households or individuals have informed the issue of externally printed or internally printed invoices or have purchased invoices issued by the tax agency for use before November 1, 2018, they will be entitled to continue to use these invoices until end of October 31, 2020 and follow invoice-related procedures as provided in the Decree No. 51/2010/ND-CP and the Decree No. 04/2014/ND-CP.  

During the period from November 1, 2018 to October 31, 2020, after receipt of the tax agency’s notification of use of e-invoices with the tax agency’s identification code, if business establishments fail to meet information technology infrastructure requirements and continue to use the aforesaid invoices, they must send their invoice data to the tax agency according to the Form No. 03 and submit their VAT declarations.