On June 1, 2025, Decree No. 70/2025/ND-CP officially came into effect, amending and supplementing Decree No. 123/2020/ND-CP concerning invoices and documents. This new decree introduces significant updates aimed at tightening management, enhancing transparency, and strictly addressing violations in invoices and documents.
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Photo 1. Decree No. 70/2025/ND-CP Amending Decree No. 123/2020/ND-CP on Invoices and Documents_Hotline: 0972118764
The Decree highlights three key points that businesses should pay special attention to, as follows:
- First, modify the invoice preparation timing for each specific operation:
Decree No. 70/2025/ND-CP amends Article 9 of Decree No. 123/2020/ND-CP, providing updated provisions on the timing for issuing invoices, as follows:
+ For sale of goods: The time of invoice issuance is the point at which the ownership or right to use the goods is transferred to the buyer, regardless of whether payment has been received.
+ For export of goods: The seller determines the issuance time, which must be no later than the next working day after customs clearance.
+ For service provision: The invoice must be issued upon completion of the service, regardless of payment status.
+ For partial deliveries or multiple handovers: An invoice must be issued for each delivery or handover, corresponding to the quantity and value of goods or services rendered.
+ For casino operations and electronic gaming with prizes: The invoice must be issued no later than one day after the date on which revenue is determined.
Additionally, Decree No. 70/2025/ND-CP provides detailed regulations on the timing of invoice issuance for specific industries such as construction, real estate, infrastructure, telecommunications, and services involving large and frequent transactions.
- Second, repeal of numerous provisions on invoices and documents effective from June 1, 2025:
According to Clause 4, Article 2 of Decree No. 70/2025/ND-CP, several provisions under Decree No. 123/2020/ND-CP have been repealed, including:
+ The provision on the cancellation of invoices and documents;
+ Regulations applicable to retail business establishments and food service providers;
+ Provisions on the format of electronic documents for personal income tax deductions;
+ Rules on the preparation and authorization of receipts;
+ Regulations on the disconnection of users’ systems from the electronic information portal;
+ Deadlines for submission of electronic invoice data;
+ Disclosure and announcement of email addresses and phone numbers for providing invoice information;
+ Requirements for the development, implementation, and operation of the system receiving electronic invoice information.
- Third, prohibited acts in the field of invoices and documents:
Article 1 of Decree No. 70/2025/ND-CP specifies prohibited behaviors related to invoice and document management.
For tax officials:
+ Causing inconvenience or creating difficulties for organizations and individuals when purchasing invoices and documents;
+ Covering up or colluding in the unlawful use of invoices or documents;
+ Accepting bribes during the process of invoice inspections or audits.
For individuals and organizations involved in the sale of goods, provision of services, and related parties:
+ Using or facilitating the use of illegal invoices or forged invoices and documents;
+ Obstructing tax officials in the performance of their official duties;
+ Offering bribes or engaging in unlawful profiteering related to invoices and documents;
+ Unauthorized access to, manipulation of, or destruction of invoice and document information systems;
+ Failing to transmit electronic invoice data to the tax authorities as prescribed.
Decree No. 70/2025/ND-CP introduces significant changes in the legal framework governing invoices, requiring businesses to promptly review and update their invoice issuance procedures, especially those operating under specialized business models.
This Decree officially takes effect on June 1, 2025.
=> See more: 2025 monthly tax filing deadlines update (adjusted for holidays)
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