Businesses with e-commerce revenue of VND 1 billion must issue invoices

In the context of the strong development of e-commerce in Vietnam, tax management for online businesses is increasingly tightened. On March 9, the General Department of Taxation held a press conference on the topic, announcing new regulations under Government Decree No. 68/2026/ND-CP and Ministry of Finance Circular No. 18/2026/TT-BTC. These are important changes that all businesses on e-commerce platforms need to understand to comply with legal regulations.

Notably, one of the most significant points is the mandatory issuance of electronic invoices for businesses with revenue of VND 1 billion or more per year. This marks an important turning point in clarifying online business activities and ensuring consumer rights.

New Regulations on Revenue Thresholds and Tax Declaration

Decree No. 68/2026/ND-CP has clearly divided revenue levels and corresponding tax obligations. For businesses with annual revenue of less than VND 500 million, they must declare their actual revenue and pay taxes according to Form 01/TKN-CNKD, submitted to the tax authority no later than January 31 of the following year.

Ms. Pham Thi Minh Hien, Deputy Head of the International Tax Policy Department under the General Department of Taxation, emphasized a new point in this decree: businesses are required to declare their bank account numbers or e-wallet numbers to the tax authority. This allows tax management agencies to monitor cash flows more closely.

For businesses with annual revenue from over VND 500 million to VND 3 billion, they can choose to apply the method of calculating personal income tax as a percentage of revenue, and declare and pay taxes quarterly. Those with revenue over VND 3 billion or who choose to calculate tax based on actual income will have to perform more complex declarations, with provisional tax payments monthly or quarterly depending on the revenue scale.

Obligation to Issue Electronic Invoices with a Threshold of VND 1 Billion

According to new regulations, businesses with value-added tax calculation revenue of VND 1 billion or more per year must mandatorily use electronic invoices. This is an unavoidable legal obligation to ensure transparency in commercial transactions and protect consumer rights.

For businesses with multiple locations, invoices will be issued using a common tax identification number but must clearly state the address of each business establishment on the invoice. This helps avoid confusion and ensures accuracy in tax declaration.

A special case to note is for newly established businesses or those with prior-year revenue below VND 1 billion but whose revenue in the current year reaches VND 1 billion or more. These businesses must register to use electronic invoices within 30 days from the last day of the tax period in which the cumulative revenue reaches this threshold.

The tax authority is also researching special mechanisms for applying invoices to businesses in traditional markets with revenue over VND 1 billion. The goal is to ensure compliance with invoice regulations while being appropriate for the transaction characteristics of these areas.

Invoice Issuance Authorization Mechanism for E-commerce Platforms

One of the issues that many online businesses are concerned about is authorizing e-commerce platforms to issue invoices. According to Circular No. 32/2025/TT-BTC, businesses can fully authorize e-commerce platforms to issue invoices for sales and service transactions on the platform.

When authorization occurs, the e-commerce platform is responsible for notifying the tax authority. The electronic invoice will fully display information for both parties, including the name, address, and tax identification number of both the seller and the e-commerce platform. In practice, this mechanism has been implemented on some major platforms when sellers authorize the platform.

A representative from the General Department of Taxation affirmed that according to Decree No. 70 on invoices and documents, when selling goods or providing services, the seller must issue an invoice in accordance with legal regulations. Therefore, for individuals and businesses selling on e-commerce platforms with annual revenue of VND 1 billion or more, issuing and issuing invoices is a mandatory obligation that cannot be refused.

Currently, the tax authority is closely cooperating with e-commerce platforms and the E-commerce Tax Department to widely implement the invoice authorization mechanism. The goal is to maximize convenience for sellers in complying with invoice and document regulations when doing business on e-commerce platforms.

Future Direction

The management agency is drafting amendments to the Decree on invoices and documents, including regulations on consolidated invoices and cases where invoices are not required. This aims to resolve practical issues and create a legal framework that is more suitable for the characteristics of each type of business.

Tightened tax management and mandatory electronic invoice issuance will not only help the State manage revenue more effectively but also create a transparent and fair business environment for all businesses. Consumers will also have their rights better protected with complete invoices and documents for each purchase transaction.

For businesses on e-commerce platforms, understanding and complying with new regulations is not only a legal obligation but also a way to build reputation and achieve sustainable development in the increasingly fierce e-commerce environment.