VI How can a household business use consolidated invoices for orders under 50,000 VND (proposed)? Let’s explore this further with Pham Consult!
How can a household business use consolidated invoices for orders under 50,000 VND (proposed)?
Recently, the Ministry of Finance announced the Draft Decree regulating electronic invoices and electronic documents.
Based on point r, clause 4, Article 10 of the Draft Decree, the proposed regulations on some cases of selling goods or providing services to individual buyers who do not require an invoice will allow the issuance of a total invoice at the end of the day as follows:
Time of invoice issuance
- Time of invoice issuance for some specific cases as follows:
- r) Some cases of selling goods or providing services to individual buyers who do not require an invoice will allow the issuance of a total invoice at the end of the day, including:
r.1) Cases of providing banking services, securities, crypto assets, insurance, money transfer services via e-wallets, services of power outage and restoration by electricity distribution units, parking services, film screening activities and accompanying products (such as popcorn, drinks, cakes), services related to e-commerce (including e-commerce services and postal and transportation activities). r.2) For businesses operating directly to e-commerce platforms with a software system that controls and manages each transaction in detail for individual buyers who do not require invoices, the business unit may issue a total invoice at the end of the day, based on detailed data in the unit’s management system.
r.2) In the case of public passenger transport businesses using electric trains with fare calculation software as prescribed by the Railway Law, public passenger transport by buses, and passenger transport businesses using taxis with fare calculation software for individual buyers who do not require invoices as prescribed by the Road Law, with complete trip information including: name of the transport business unit, vehicle license plate number, route (departure-arrival points), trip distance (in km), total amount the passenger has to pay, the unit shall issue a total invoice at the end of the day to the individual buyer who does not require an invoice based on detailed data in the unit’s management system. r.3) In cases where educational institutions use software to manage tuition fees for each transaction, print receipts (for tuition fees and other charges), and store them in their information technology system, if the buyer is an individual and does not require an invoice, the educational institution will use the information from the receipts to compile and create a total electronic invoice at the end of the day.
r.4) In cases where household businesses or individual businesses are eligible to use electronic invoices and have annual revenue of 3 billion VND or less, and have sales transactions of goods and services with a payment value of less than 50,000 VND per transaction, if the buyer is an individual and does not require an invoice, the household business or individual business will create a total electronic invoice for the day reflecting all revenue generated during the day for these transactions.
r.4) According to the above, the draft proposes that business households be allowed to issue consolidated invoices at the end of the day when revenue is under 3 billion VND and transactions involving goods and services have a payment value of less than 50,000 VND per transaction (if the buyer is an individual who does not require an invoice).
The issuance of a consolidated invoice at the end of the day reflects all revenue generated during the day for transactions under 50,000 VND/transaction.
How does the proposal for business households selling on the platform not to issue invoices work?
Based on point c, clause 1 and point b, clause 4 of Article 8 of the Draft Decree, the following regulations are proposed regarding cases where electronic invoices are not used:
Applying electronic invoices when selling goods and providing services
- Subjects to which electronic invoices apply include:
- c) Economic organizations, business households, and individual businesses engaged in the sale of goods and provision of services, including the sale of goods and provision of services directly to consumers (shopping centers; supermarkets; retail (excluding automobiles, motorcycles, and other motor vehicles); food and beverage; restaurants; hotels; passenger transport services, services directly supporting road transport, art, entertainment, and other personal services as regulated by the Vietnamese Economic Sector Classification System) using electronic invoices from cash registers.
Electronic invoices from cash registers are not applicable to sales of goods and services conducted on e-commerce platforms or digital platforms.
- Cases where electronic invoices are not used:
- a) Household businesses and individual businesses that are exempt from value-added tax according to the law on value-added tax, and are not required to pay personal income tax according to the law on personal income tax.
- b) Household businesses and individual businesses selling goods or providing services through e-commerce platforms with payment functions, where the e-commerce platform owner has already deducted, declared, and paid taxes on their behalf for each transaction, except when the buyer requests it, the e-commerce platform owner is responsible for issuing an electronic invoice to the buyer.
Accordingly, the draft clearly states: Invoices from cash registers do not apply to the sale of goods or provision of services conducted on e-commerce platforms or digital platforms.
At the same time, the draft proposes that business households selling on e-commerce platforms do not have to issue invoices because these businesses sell goods through e-commerce platforms with payment functions, and the e-commerce platform owner has already deducted, declared, and paid taxes on their behalf for each transaction. Therefore, they do not need to issue electronic invoices for each transaction (except in cases where the buyer requests it, in which case the e-commerce platform owner is responsible for issuing an electronic invoice to the buyer).
How should invoices and documents be preserved and stored in 2026?
Based on Article 6 of Decree 123/2020/ND-CP regulating the preservation and storage of invoices and documents in 2026, the following applies:
– Invoices and documents must be preserved and stored ensuring:
+ Safety, security, integrity, completeness, and no alteration or distortion throughout the storage period;
+ Storage for the correct and full duration as prescribed by accounting law.
– Electronic invoices and documents must be preserved and stored using electronic means. Agencies, organizations, and individuals have the right to choose and apply the form of preservation and storage of electronic invoices and documents suitable to their specific operations and technological capabilities. Electronic invoices and documents must be readily printable on paper or searchable upon request.
– Invoices printed by the tax authority, printed documents, and self-printed documents must be preserved and stored in accordance with the following requirements:
+ Unissued invoices and documents must be stored and preserved in a warehouse according to the regulations for storing and preserving valuable documents.
+ Issued invoices and documents in accounting units must be stored according to the regulations for storing and preserving accounting documents.
+ Issued invoices and documents in organizations, households, and individuals that are not accounting units must be stored and preserved as the private property of that organization, household, or individual.
