On 30 June 2026, the Government issued Decree No. 254/2026/ND-CP detailing the Law on Tax Administration No. 108/2025/QH15 on electronic invoices and electronic documents. The Decree replaces Decree 123/2020/ND-CP, Article 1 of Decree 41/2022/ND-CP and Decree 70/2025/ND-CP.
The Decree takes effect on 1 July 2026. From that date, tax-authority pre-printed invoices cease to be valid; self-printed/ordered paper receipts may be used until 31 December 2026, switching to electronic receipts from 1 January 2027. Key new points are summarised below.
1. Quick reference of the main changes
| Item | Old | New | Basis |
|---|---|---|---|
| Legal framework for invoices and documents | Decrees 123/2020 + 41/2022 + 70/2025 | A single unified decree under the Law on Tax Administration 108/2025 | Art 43 |
| PIT withholding certificate for employees with contracts of 3+ months | Issued on each request | Only one certificate per tax year | Cl 3, Art 24 |
| Retail businesses with per-transaction management systems (banks, e-wallets, securities, insurance, taxi, cinema, etc.) | Invoice for each transaction | May transfer a detailed transaction database to the tax authority | Pt r, Cl 4, Art 9 |
| Reward for consumers reporting non-issuance of invoices | None | 10% of the fine, up to VND 10 million/case | Art 41 |
| Household/individual businesses required to use coded / cash-register e-invoices | Presumptive-tax households with revenue ≥ VND 1 billion in retail | Annual revenue over VND 1 billion, or selling assets requiring ownership/use registration | Pt d, Cl 1, Art 6 |
| Tax-authority pre-printed invoices | Still used in certain cases | Invalid and must be destroyed from 1 July 2026 | Cl 3, Art 44 |
| Self-printed / ordered paper receipts | In use | Usable until 31 Dec 2026; switch to e-receipts from 1 Jan 2027 | Cl 2, Art 44 |
2. Who must use electronic invoices (Arts 2, 6)
- Household and individual businesses with annual revenue over VND 1 billion, or selling assets requiring ownership/use registration, must use coded e-invoices or cash-register e-invoices connected to the tax authority; others may register voluntarily. This aligns with the roadmap to abolish presumptive tax from 2026.
- The group allowed to use uncoded invoices now includes new sectors: crypto assets, carbon-exchange support services, healthcare, e-commerce, supermarkets, etc., alongside electricity, petroleum, telecoms, banking and aviation.
- Businesses selling directly to consumers use cash-register e-invoices; if they have already registered coded or uncoded e-invoices, they are not required to additionally register cash-register invoices.
- Export processing enterprises with other business activities: use sales invoices under the direct VAT method, or VAT invoices under the credit method (Cl 2, Art 8).
3. Cases not required to use electronic invoices (Art 7)
For the first time, a dedicated article lists cases exempt from issuing e-invoices, notably for household/individual businesses: income from real-estate leasing; supplying digital content products/services to overseas organisations/individuals; agents for lottery, insurance or multi-level marketing already withheld at source; plus carried-over cases (reinsurance, debt sale, capital contribution in kind, internal transfers, collections on behalf, etc.).
4. Timing of invoice issuance – a new mechanism (Art 9)
Businesses providing services to consumers (banks, payment intermediaries, securities, insurance, e-wallets, electricity, e-commerce, taxi, parking, cinema, etc.) with software managing each transaction in detail may transfer a detailed transaction database to the tax authority instead of issuing an invoice for each transaction. For exported goods, the seller determines the issuance time but no later than the next working day from the customs clearance date.
Thunder Dragon’s recommendation
Enterprises should immediately review the discontinuation of tax-authority pre-printed invoices and the roadmap to switch paper receipts to electronic receipts before 1 January 2027; household/individual businesses with revenue over VND 1 billion should prepare coded or cash-register e-invoices. Thunder Dragon is ready to assist — contact info@thunderdragon.vn or +84 979 104 110.
This bulletin is a general policy update and does not replace professional advice for specific cases. Source: Decree 254/2026/ND-CP dated 30 June 2026.