Key Features for Vietnamese Tax Compliance
Choosing an invoicing app for Vietnam requires strict adherence to the country's e-invoice regulations, which became mandatory for most businesses nationwide from July 1, 2022. Your chosen solution must comply with the legal framework established by Decree 123/2020/ND-CP and Circular 78/2021/TT-BTC, with further amendments introduced by Decree 70/2025/ND-CP effective June 1, 2025. Essential compliance features include:
- XML Format Support: E-invoices must be issued in the standardized XML (Extensible Markup Language) format.
- Digital Signature Integration: All e-invoices, excluding those issued via POS, require a digital signature from a General Department of Taxation (GDT) approved provider to ensure authenticity and integrity.
- GDT System Integration: The app needs to integrate directly with the GDT system for real-time clearance or same-day reporting of issued invoices.
- Invoice Type Handling: Be aware of the two main types: invoices with or without a verification code, as the requirement depends on your business size and sector. High tax risk businesses, for instance, may be required to use verification-coded invoices.
- Archiving: E-invoices must be securely stored for a period of 10 years in their original electronic form.