Businesses asked to use e-invoices from July 1

Except for several special cases, all enterprises, business households and individuals must use e-invoices instead of paper invoice starting from July 1, according to a circular issued by the Finance Ministry.

Illustrative image (Source: vnexpress)

Hanoi (VNA) – Except for severalspecial cases, all enterprises, business households and individuals must usee-invoices instead of paper invoices starting from July 1, according to a circularissued by the Finance Ministry.

Under Circular 78/2021/TT-BTCguiding the implementation of a number of articles of the Tax Management Law andGovernment’s Decree 123/2020/ND-CP on invoicing regulations, before July 1, onlyfirms that received a notification from the tax authorities were required toswitch to e-invoices as stipulated in the timeframe issued by the taxdepartment.

Previously,businesses were encouraged to switch to e-invoices if they had necessaryinfrastructure in place to implement the use of e-invoicing.

Meanwhile, small- and medium-sizedenterprises, cooperatives, business households and individuals in areas withdifficult and extremely difficult conditions that are not able to maketransactions with tax department via electronic methods, and have no accountingsoftware will be exempted from using e-invoices.

In reality, the use of e-invoices has beenimplemented in all 63 localities across the country since April 2022. However,businesses have still reported many difficulties during the process./.

VNA