According to the provisions of Decree 68/2026/ND-CP of the Government and Circular 18/2026/TT-BTC of the Ministry of Finance, business households and individual businesses with large revenues will have to use electronic invoices to increase transparency in business operations.
Business households with revenue from 1 billion VND are required to apply electronic invoices
Business households and individual businesses with annual value-added tax revenue of 1 billion VND or more must apply electronic invoices with codes from tax authorities or electronic invoices created from cash registers with data connection with tax authorities.
This regulation is mentioned in Clause 8, Article 1 of Decree 70/2025/ND-CP dated March 20, 2025 of the Government, to strengthen revenue management and limit tax revenue loss in the business household sector.
The application of electronic invoices helps tax authorities connect data directly from sales activities, thereby improving management efficiency and creating a more transparent business environment.
Revenue from 500 million to under 1 billion VND is not required to use electronic invoices
For business households and individual businesses with revenue from over 500 million VND to under 1 billion VND per year, the law does not require the use of electronic invoices with codes from tax authorities or electronic invoices from cash registers.
However, if conditions are met and there is demand, business households can still register to use electronic invoices according to regulations.
In case they have not registered to use electronic invoices but have a need to issue invoices, business households must declare and pay taxes first, then the tax authority will issue electronic invoices with codes for each time a transaction of selling goods or providing services occurs.
According to the tax authority, this regulation aims to create flexibility for small or medium-sized business households, and at the same time gradually encourage the transition to electronic invoices in business operations.
Expanding the application of electronic invoices to business households is considered an important step in the roadmap for modernizing tax management and digital transformation in the financial sector.
Through the electronic invoice system connected to the tax authority, transaction data is updated promptly, contributing to limiting errors in declaration, and at the same time helping taxpayers more conveniently store and look up information.
According to the assessment of management agencies, this regulation not only helps improve market transparency but also creates a fair competitive environment between business households and businesses in production and business activities.
