On March 20, 2025, the Government issued Decree 70/2025/ND-CP amending and supplementing a number of articles of Decree 123/2020/ND-CP regulating invoices and records (Decree 70). The Decree was developed and issued to address businesses’ difficulties, ensure transparency, and facilitate taxpayers and organizations in using electronic invoices and records. Decree 70 takes effect from June 1, 2025 with some notable contents as follows:
(i) Amendment and supplement of some regulations related to invoice replacement and adjustment;
(ii) Amendment and supplement of a number of regulations on the content of invoices; and
(iii) Amendment and supplement of the regulations on the time of invoice issuance for exported goods (including export processing).
