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E- invoices are not compulsory from November 1, 2020

28/10/2020

This is a significant point at Decree 123/2020/ NĐ- CP which prescribes about invoice and license. This Decree takes effective on July 1st, 2022.

As such, eleminating Article 35, clause 2 and 4 at Decree 119/2018/NĐ-CP which prescribes about e- invoice.

To be specific, the below clauses are eleminated as follows:

- The performance of e- invoice and other e- invoices having tax organization's code in Decree 119/2018  for the businesses, economic organization and other organizations, family or individual need to be completed before November 1, 2020.

- On November 1, 2020, Decree 51/2010/NĐ-CP and 04/2014/NĐ-CP which prescribe invoices of selling goods and services will be legally invalid.

As such, it is not compulsory for businesses, economic organization and others, family or individual to use e- invoice or other invoice having tax organization's code from November 1, 2020 but replacing by another schedule.