With the aim of creating favorable condition for enterprises, organizations, etc. to improve technological infrastructure in accordance with the regulations on electronic invoices, the Government has promulgated Decree 123/2020/ND-CP to replace Decree 119/2018/ND-CP providing stipulations on electronic invoices in goods transaction and services provision. Simultaneously, in order to enhance efficiency in tax administration management, the Government promulgated Decree 125/2020/ND-CP providing regulations on sanction for administrative violations of taxes and invoices.

On July 9, 2020, the Ministry of Finance issued the Circular 65/2020/TT-BTC amending and supplementing some articles of Circular 302/2016/TT-BTC providing guidelines for the business license fee (Circular 65). The Circular 65 came into effective on August 23, 2020.