Households and individuals doing business in need will be issued electronic invoices.

According to information from the General Department of Taxation (Ministry of Finance), this agency is developing and submitting to the Government a draft Decree on revised electronic invoices. It is expected that this Decree will be signed and issued by the Government in late August or early September.

The General Department of Taxation said that with the biggest goal of applying electronic invoices nationwide, the draft Decree on electronic invoices stipulates that sellers of goods and services that are enterprises must use electronic invoices.

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In particular, businesses operating in the fields of electricity, petroleum, post and telecommunications, air transport, road transport, railway, sea transport, waterway transport, clean water, credit finance, insurance, healthcare, e-commerce, supermarkets, etc. are allowed to use electronic invoices without tax authority codes when selling goods and providing services.

As for the remaining economic organizations and enterprises in high-risk tax cases, they must use electronic invoices with tax authority codes when selling goods and providing services, regardless of the value of each sale of goods or provision of services.

The draft decree also stipulates that business individuals with revenue in the previous year of 3 billion VND or more must use electronic invoices with tax authority codes when selling goods and providing services.

Households and individuals doing business in the fields of restaurants, hotels, retail of modern medicines, consumer goods, and providing services directly to consumers with revenue in the previous year of 1 billion VND or more must also use electronic invoices with authentication codes generated from cash registers connected to tax authorities or electronic invoices with tax authority codes generated from non-cash payment devices connected to banks.

Notably, households and business individuals are not required to use electronic invoices, but if requested, they can still use them according to regulations. If these entities do not have sufficient IT infrastructure to self-initiate electronic invoices, but need invoices to deliver to customers, they will be issued electronic invoices with authentication codes for each occurrence and must declare and pay taxes before the tax authority issues electronic invoices for each occurrence.

To encourage businesses to use electronic invoices, the General Department of Taxation said it will submit to the Government regulations on issuing electronic invoices with authentication codes without collecting fees for small and medium-sized enterprises and cooperatives in areas with difficult and especially difficult socio-economic conditions, except for businesses operating in economic zones, industrial parks, and high-tech zones.

In addition, enterprises and business organizations implementing start-up programs in accordance with the provisions of law on investment, and business households and individuals converting into enterprises within 12 months from the date of establishment are also allowed to use free electronic invoices.

Free e-invoices will also be issued to households and business individuals with annual revenue of VND 3 billion or more within 12 months from the date of using e-invoices; other small and medium enterprises at the request of the Chairman of the People's Committee of the province or centrally-run city and regulations of the Minister of Finance.

Organizations providing electronic invoice services and electronic invoices with authentication codes are charged for services according to the agreement in the contract signed between the service provider and the service recipient.