This October 2019 publication of our Tax and Accounting Updates looks at a new Circular providing further guidance for the implementation of e-invoices, and includes our regular review of recent Official Letters released by the Tax and other Authorities.

NEW CIRCULAR 68/2019/TT-BTC PROVIDING FURTHER GUIDANCE FOR THE IMPLEMENTATION OF ELECTRONIC INVOICES WHEN PROVIDING GOODS AND SERVICES

On 30 September 2019, the Ministry of Finance issued Circular 68/2019/TT-BTC guiding the implementation of Decree 119/2018/ND-CP on e-invoices when providing goods and services.

The Circular provides guidelines for registration, issuance and management of e-invoices, including requirements for the content of invoices, timings for issuing, the format of invoices
and instructions for correcting erroneous invoices.

Significant points of this Circular include:

a) Required content on e-invoices

i) Details of goods and services (Point d.1, Clause 1, Article 3)

• It is mandatory for details of goods and services to be presented in Vietnamese on the invoice. Where an additional foreign language description is needed, the foreign language description must be in parentheses () or below the Vietnamese description and have a smaller font size than the Vietnamese description.

• If there are multiple categories of goods sold, details of each category must be included (Point d, Clause 1, Article 3).

• If goods are subject to registration for ownership or usage rights, the invoice must indicate the identification numbers of the goods (e.g. chassis number and engine number of vehicles; or address, size, and number of floors of the house).

• For services such as utilities, communication, television and insurance, which are rovided for a defined period, the period of service provision must be indicated on the invoice.

ii) Buyer information

• Where goods or services are provided to foreign individual customers in Vietnam, the buyer’s address can be replaced with their passport number or immigration documents and their nationality (Point c.2, Clause 1, Article 3).

• The electronic signature of a buyer is not required, including buyers who are organisations. However, the seller and the buyer can agree to have the signature of the buyer on the e-invoices (Clause 3, Article 3).

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