On March 20, 2025, the Government promulgated Decree No. 70/2025/ND-CP, amending and supplementing a number of articles of Decree No. 123/2020/ND-CP on invoices and documents. Notably, this new Decree introduces several provisions directly affecting business households, effective June 1, 2025. Below are three key changes business households should pay special attention to:
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Photo 1. 03 new regulations on invoices for household businesses effective from June 1, 2025_Hotline: 0972118764
Firstly, business households with revenue of 1 billion VND or more must use electronic invoices.
According to Article 11 of Decree No. 123/2020/NĐ-CP, as amended by Decree No. 70/2025/NĐ-CP, business households and individual business owners with an annual revenue of VND 1 billion or more, operating in sectors such as retail, food and beverage services, hospitality, transportation, entertainment, etc., are required to use e-invoices generated from cash registers registers connected to the tax authority.
- Electronic invoices generated from cash registers connected to the tax authority for electronic data transmission must comply with the following principles:
+ Invoices printed from cash registers connected to the tax authority’s electronic data system are recognized as valid.
+ Digital signatures are not required.
+ Expenses for purchasing goods and services using such invoices (including printed copies or information retrieved from the General Department of Taxation’s Electronic Information Portal) are considered legitimate expenses supported by valid invoices and documents when determining tax obligations.
- Electronic invoices generated from cash registers must include the following information:
+ Name, address, and tax code of the seller;
+ Name, address, tax code/personal identification number/phone number of the buyer, as required (if requested by the buyer);
+ Description of goods or services, unit price, quantity, and payment amount. If the organization or enterprise applies the credit (deduction) method for VAT, the invoice must clearly state the selling price excluding VAT, the applicable VAT rate, the VAT amount, and the total payment including VAT;
+ Time of invoice issuance;
+ Tax authority’s authentication code or electronic data that allows the buyer to access and declare information related to the e-invoice issued from the cash register.
Invoices can be sent to buyers through various methods, such as email, text message, or by providing a QR code or a lookup link.
Second, new regulations on issuing electronic invoices for each occurrence for business households
In Clause 2, Article 13 of Decree 123/2020/ND-CP (amended by Decree 70/2025/ND-CP), it is stipulated that business households and business individuals in the stage of supplementing documents, explaining to tax authorities, or requesting to issue individual invoices for each sale or provision of services will be issued electronic invoices with codes from tax authorities. Conditions for being issued invoices:
- Submit a request according to Form No. 06/DN-PSDT.
- Pay all arising taxes (VAT, PIT, CIT if any) on the same day or at the latest on the next working day.
- Be responsible for the accuracy of invoice information.
If an invoice needs to be adjusted or replaced after being issued a code, the business household must continue to submit a request for re-issuance according to the correct procedure.
Third, new regulations on replacing and adjusting electronic invoices for business households
Clause 13, Article 1 of Decree 70/2025/ND-CP amending Article 19 of Decree 123/2020/ND-CP stipulates as follows:
- The regulation on invoice cancellation is removed; erroneous invoices will no longer be canceled but must be adjusted or replaced.
- In case of errors in tax codes, amounts, tax rates, tax amounts, or goods that do not meet specifications or quality:
+ Issue one adjustment/replacement invoice for multiple erroneous invoices issued in the same month to the same buyer.
+ There must be a written agreement between the two parties before adjusting/replacing if the buyer is an enterprise, economic organization, or business household.
+ Notify the buyer or post a notice on the seller's website (if any) if the buyer is an individual.
- Add regulations on declaring adjusted/replaced invoices.
- Principles for handling adjustment or replacement invoices:
+ If an issued invoice contains errors and the seller has already handled it using one method (either adjustment or replacement), any subsequent errors identified must continue to be handled using the initially selected method.
+ In cases where, according to regulations, an electronic invoice is issued without an invoice number, invoice symbol, or an incorrectly issued invoice number, the seller only issues an adjusted invoice;
+ Regarding the content of the value on the adjusted invoice: increase (write a positive sign), decrease (write a negative sign) by the actual adjustment.
Thus, the strict application of electronic invoices from June 1, 2025, will be an important transition in tax management for business households. Business households need to:
- Review revenue to determine the obligation to use electronic invoices.
- Prepare means to connect cash registers to tax authorities (if applicable).
- Comply with the procedures for issuing, creating, and adjusting electronic invoices according to new regulations.
Decree 70/2025/ND-CP takes effect from June 1, 2025.
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