Electronic invoicing in Argentina

Not exist explicitly mention the use of PEPPOL as a standard for e-invoicing in Vietnam.
Tax Authority
The tax authority in Vietnam is the General Department of Taxation (GDT), which is under the Ministry of Finance. The GDT is responsible for the administration of all taxes in Vietnam, including corporate income tax, personal income tax, value-added tax, and other taxes. According to the GDT's website, their mission is to "build a modern and efficient taxation system, ensuring a fair and transparent business environment for taxpayers and contributing to the sustainable development of the economy." Other sources also provide information about taxation in Vietnam, such as PwC's tax summaries, Acclime's tax guide, and news articles about recent changes in tax administration and enforcement in Vietnam.
Invoice Obligation
Yes, e-invoicing is mandatory in Vietnam. Starting July 1, 2022, all B2B sales in Vietnam are required to use electronic invoices instead of paper invoices. This obligation covers all businesses, and failure to comply with the mandate may result in penalties or fines. The Vietnamese government has prescribed a unique XML format with a government tax code that businesses must follow when creating their electronic invoices. E-invoices must also be stored securely for a period of 10 years. The implementation of mandatory e-invoicing in Vietnam was delayed from its original November 1, 2020, start date due to difficulties businesses were experiencing during the COVID-19 crisis. However, starting from November 1, 2021, a pilot implementation of phase 1 of e-invoices started in some provinces, and now e-invoicing is mandatory for all businesses in Vietnam.
Operating Model
the operating model for e-invoices in Vietnam involves the mandatory use of electronic invoices for all B2B transactions starting from July 1, 2022. The Vietnamese government has implemented a prescribed XML format with a unique government tax code for e-invoice submissions. E-invoices in Vietnam must be in XML format, have a digital signature, and be securely archived for a period of 10 years. The e-invoice system is cost-effective, with no additional fees or delivery costs. Companies are required to purchase pre-stamped paper invoices from the GDT if they are still using paper invoices. Businesses operating in Vietnam need to follow the legal framework set by the Vietnamese government for e-invoice submissions. Companies should ensure that their infrastructure is aligned with the legal requirements to avoid any potential penalties. There are also various e-invoicing solutions available, such as the SNI SAP Vietnam e-Invoice solution, which enables electronic invoice exchange in public and private sectors, automatically creating invoices in electronic format with data extracted from SAP.
Required Taxpayers
e-invoicing is mandatory for all taxpayers in Vietnam starting from July 1, 2022. This requirement applies to enterprises, organizations (economic or otherwise), business households, and individuals who engage in transactions subject to VAT. Additionally, businesses that are currently using paper invoices must switch to e-invoicing and register with the local tax administration to start using this system. There is a prescribed XML format with a unique government tax code that businesses must follow for all e-invoice submissions. The e-invoice provider in Vietnam must also comply with financial, technical, and legal requirements of the Government agencies and the tax authority, and must be registered with the General Department of Taxation (GDT) and carry the tax authority's approval. It's important to note that there are different types of e-invoices in Vietnam, but all taxpayers are required to issue e-invoices for their transactions.
Normativity
Vietnam has made electronic invoicing mandatory for all B2B sales from July 1, 2022. The General Department of Taxation (GDT) has issued a prescribed XML format with a unique government tax code for e-invoicing. All e-invoices issued by any Vietnam business must be in XML format, have a digital signature, and be archived securely for ten years. Businesses must also transmit the data in the e-invoice directly or through an authorized service provider to the taxation department. All businesses must issue electronic invoices to buyers, digitally report all their transactions to the tax authority (GDT), and register (on the GDT website) before using electronic invoices in order to gain approval from the GDT. Applicable taxpayers in Vietnam will be required to issue e-invoices for their transactions from 1 July 2022. Legal framework must be followed for all e-invoice submissions. Enterprises, organizations (economic or otherwise), business households, and individuals must register with the local tax administration to start using e-invoicing. In Vietnam, strict compliance procedures must be followed by enterprises and business entities to align with the corporate legal framework set by the Vietnamese authorities. One of the important compliance provisions companies need to adhere to is the e-invoice and electronic records registration. The type of e-invoice to be used mostly depends on the business sector. Sectors that need to use e-invoice without verification code are telecommunications, petroleum, electricity, transportation, credit financing, insurance, e-commerce, trading, and supermarket sectors.
Type of documents
In Vietnam, e-invoices are categorized into two types: with tax verification code and without tax verification code. E-invoices with a tax verification code are eligible for tax declarations. Only certain business sectors are permitted to use e-invoices without a tax verification code, which includes sectors such as petroleum, e-commerce, telecommunications, transportation, and electricity. Besides e-invoices, other types of electronic documents that are recognized by the Vietnamese government include electronic stamps, electronic tickets, electronic cards, electronic receipts, and electronic delivery cum internal transportation note. All invoices and related documents must be written in Vietnamese, and e-invoices must be archived securely for 10 years. To comply with the e-invoicing regulations in Vietnam, businesses must register for e-invoice usage with the General Department of Taxation's (GDT) website. The registration process is regulated by Article 15, Decree 123/2020/ND-CP and requires the submission of a dossier that includes a decision on application of e-invoices. Businesses can also delegate the preparation, dispatch, and storage of e-invoices to a third-party provider to comply with the rules and standards.
Peppol Standard
Vietnam has implemented the use of electronic invoices (e-invoices) and has set a deadline for mandatory compliance with the new system on July 1, 2022. Circular 78, issued by the Ministry of Finance, provides guidelines for the implementation of e-circulars. Not exist explicitly mention the use of PEPPOL as a standard for e-invoicing in Vietnam, PEPPOL is a network that allows for the exchange of business-critical electronic documents, including e-invoices, with anyone registered in the network. PEPPOL is becoming increasingly popular as a standard for public procurement methodologies and may penetrate the broader world of electronic invoicing and fiscal compliance.
Standard Format
The standard format for e-invoices in Vietnam is XML format. According to Circular 68, all e-invoices issued by any Vietnam business must be in XML format, have a digital signature, and be archived securely for ten years. The necessary information that must be included in e-invoices is similar to paper invoices, regardless of the transaction value. Additionally, businesses must transmit the data in the e-invoice directly or through an authorized service provider to the taxation department. There are two types of e-invoicing processes in Vietnam: authenticated invoices and unauthenticated e-invoices. Authenticated invoices are granted an authentication code by the tax authority before the invoice is transmitted to the buyer, whereas unauthenticated e-invoices do not require the tax authority's authentication code. It's worth noting that there are two forms of Vietnamese e-invoices: those without and with verification codes. Non-verification coded e-invoices are issued by small and micro-businesses below VND 3 billion annual turnover or with less than ten employees. Sectors that need to use e-invoice without verification code are: telecommunications, petroleum, electricity, transportation, credit financing, insurance, e-commerce, trading, and supermarkets sectors.
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