10 years

The Vietnamese government introduced electronic invoices in Vietnam in 2020 and the new system is an example of the clearance model. The government plans the implementation of e-Invoicing in two phases. In Phase 1 starting from November 2021 to March 2022, e-Invoicing implementations include 6 provinces and cities: Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh, Phu Tho, and Binh Dinh.

Starting from April 2022 until the end of July 2022 (Phase 2), 57 provinces and cities will be included in addition to phase 1. Implementation will be complete on 1st July 2022 in the public and private sector which includes enterprises, economic organizations, business households, and individuals. Vietnam’s Ministry of Finance (MoF) announced that tax registration, tax declaration, and payment of overseas suppliers will be done by the General Department of Taxation Portal online from 1st January 2022. Electronic invoice can be submitted through service provider or directly taxpayer’s ERP system to tax authority. Filing VAT return is mandatory for all taxpayers.