Amendments and additions to many regulations regarding the timing of invoice issuance.
The regulations clearly specify the timing for issuing invoices for exported goods.
Decree No. 70/2025/ND-CP amends and supplements Clauses 1 and 2 of Article 9 of Decree No. 123/2020/ND-CP on the time of invoice issuance.
Accordingly, the time of issuing an invoice for the sale of goods (including the sale and transfer of public assets and the sale of national reserves) is the time of transferring ownership or the right to use the goods to the buyer, regardless of whether payment has been received or not.
For goods exports (including processing for export), the time of issuing the electronic commercial invoice, electronic value-added tax invoice, or electronic sales invoice is determined by the seller, but no later than the next working day from the date the goods are cleared through customs as stipulated by customs law.
The time of invoicing for the provision of services is the time when the service is completed (including the provision of services to foreign organizations and individuals), regardless of whether payment has been received or not. If the service provider receives payment before or during the provision of services, the time of invoicing is the time of payment (excluding cases of receiving deposits or advances to guarantee the performance of contracts for services such as: accounting, auditing, financial and tax consulting; valuation; surveying, technical design; supervision consulting; and preparation of construction investment projects).
Amend regulations regarding the timing of invoice issuance for certain specific cases.
Decree No. 70/2025/ND-CP amends and supplements points a, e, l, m, and n of Clause 4, Article 9 of Decree No. 123/2020/ND-CP regarding the timing of invoice issuance for specific cases such as providing services in large quantities, occurring frequently, and requiring time for data reconciliation (point a), activities of searching, exploring, exploiting, and processing crude oil (point e), lending activities, foreign exchange agency activities (point l), passenger transport business by taxi using fare calculation software (point m), and medical examination and treatment activities (point n).
Specifically, Decree No. 70/2025/ND-CP amends as follows:
a) For cases involving the sale of goods or provision of services in large quantities and on a regular basis, a timeframe for data reconciliation is required between the business selling the goods or providing the services and the customer or partner, including : the provision of services directly supporting air transport, supplying aviation fuel to airlines, electricity supply (except for those specified in point h of this clause), railway transport support services, water services, television services, television advertising services, e-commerce services, postal and delivery services (including agency services, collection and disbursement services), telecommunications services (including value-added telecommunications services), logistics services, information technology services (except for cases specified in point b of this clause) sold on a fixed-period basis, banking services (excluding lending activities), international money transfers, securities services, computerized lottery services, and road usage fee collection between investors and fee collection service providers. In other cases as directed by the Minister of Finance , the invoice date is the date of completion of data reconciliation between the parties, but no later than the 7th day of the month following the month in which the service was provided, or no later than 7 days from the end of the agreed period. The agreed period used as the basis for calculating the quantity of goods and services provided is based on the agreement between the seller of goods or services and the buyer.
e) For crude oil exploration, extraction, and processing activities: The time of issuing invoices for the sale of crude oil, condensate, and products processed from crude oil (including product off-take activities under government commitments) is the time when the buyer and seller determine the official selling price, regardless of whether payment has been received or not.
For the sale of natural gas, associated gas, and coal gas transported via pipelines to buyers, the invoice date is the date when the buyer and seller determine the volume of gas delivered for the month, but no later than the last day of the deadline for declaring and paying taxes for the month in which the tax liability arises, as stipulated by tax laws.
If the government guarantee and commitment agreement stipulates otherwise regarding the timing of invoice issuance, then the provisions of the government guarantee and commitment agreement shall prevail.
l) The time of invoicing for lending activities is determined according to the interest collection period in the credit agreement between the credit institution and the borrower, except in cases where interest is not collected by the due date and the credit institution monitors it off-balance sheet in accordance with the law on credit, in which case the time of invoicing is the time the interest is collected from the customer. In the case of early interest payment according to the credit agreement, the time of invoicing is the time the interest is collected early.
For foreign exchange agency activities and the provision of foreign currency receipt and payment services by economic organizations and credit institutions , the time of invoice issuance is the time of foreign currency exchange and the time of completion of foreign currency receipt and payment services.
m) For passenger transport businesses using taxis with fare calculation software as prescribed by law : at the end of the trip, the enterprise or cooperative operating passenger transport by taxi using fare calculation software shall issue an electronic invoice to the customer and simultaneously transfer the invoice data to the tax authority as prescribed.
n) For medical examination and treatment facilities using medical examination and treatment management and hospital fee management software , for each medical examination and treatment transaction and the performance of imaging, testing, and laboratory services, a receipt (for hospital fees or examination/testing fees) is printed and stored in the information technology system. If the customer (the person receiving medical examination and treatment) does not need an invoice, at the end of the day, the medical examination and treatment facility will use the medical examination and treatment information and the information from the receipt to compile and create an electronic invoice for the medical services performed during the day. If the customer requests an electronic invoice, the medical examination and treatment facility will create an electronic invoice and give it to the customer.
Medical facilities issue invoices to the social insurance agency at the time the social insurance agency settles and reimburses the medical examination and treatment costs for health insurance cardholders.
Additional regulations regarding the timing of invoice issuance for insurance, lottery, casino, and electronic gaming businesses with prizes.
Decree No. 70/2025/ND-CP supplements points p, q, and r of Clause 4, Article 9 of Decree No. 123/2020/ND-CP, stipulating the time of invoice issuance for insurance business, lottery business, casino and electronic games with prizes.
According to the new regulations, the time of invoicing for insurance business activities is the time of recognizing insurance revenue as stipulated by the law on insurance business.
For traditional lottery businesses, where tickets are sold in the form of pre-printed tickets of all denominations, after collecting any unsold tickets and no later than before the next draw, the lottery business must issue an electronic value-added tax invoice with a tax authority code to each agent (organization or individual) for the lottery tickets sold during the period and send it to the tax authority to issue the invoice code.
For casino and electronic gaming businesses, the electronic invoice must be issued no later than one day after the end of the revenue determination date. Simultaneously, the casino and electronic gaming business must transfer data recording the amount received (from exchanging conventional currency for players at the counter, at the gaming table, and from electronic gaming machines) minus the amount returned to players (due to winnings or unused funds) according to Form 01/TH-DT Appendix IA issued with this Decree to the tax authority at the same time as transferring the electronic invoice data. The revenue determination date is the period from 00:00 to 23:59 on the same day.
Decree 70/2025/ND-CP takes effect from June 1, 2025.
Minh Hien
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