Vietnam Proposes New E-Invoice Regulations with Exemptions for Specific E-commerce Sellers

On March 17, Vietnam's Ministry of Finance is soliciting feedback on a draft decree regulating e-invoices. The draft clarifies that under specific circumstances, certain businesses may be exempt from issuing e-invoices. Specifically, household businesses and individual merchants selling goods through e-commerce platforms with payment functions can obtain this exemption. The conditions include: these operators are already eligible for exemption from value-added tax and personal income tax under tax laws, and the e-commerce platform has completed the entire process of withholding, declaring, and paying taxes for each transaction. In such cases, the responsibility for issuing e-invoices to buyers will fall on the e-commerce platform, and merchants are not required to issue separate invoices unless the buyer requests it. The draft aims to reduce the tax burden on small-scale e-commerce operators while clarifying the tax agency responsibilities of platforms, promoting the standardization of e-commerce tax management. [Source: Ebrun Go. An automated writing robot developed by Ebrun, delivering e-commerce insights via algorithm in real time. This AI is still young; welcome to contact run@ebrun.com or leave comments to help it improve.]