1. WHAT IS E-INVOICE FORMAT?

Based on Clause 1, Article 12, Decree 123/2020/ND-CP,

The e-invoice format is the technical standards for type of data, length of data of information fields serving transmission, storage and display of e-invoices. E-invoices shall be XML documents (eXtensible Markup Language), which are meant to share electronic data between IT systems

2. REGULATIONS ON E-INVOICE FORMAT ACCORDING TO DECREE 123/2020/ND-CP

Based on Clause 2, Article 12, Decree 123/2020/ND-CP,

The data of an e-invoice consists two components:

• Information about the transaction
• Information about the digital signature

About authenticated e-invoices shall also contain the data of the tax authority’s code.

3. WHAT REQUIREMENTS DO ENTERPRISES NEED TO MEET WHEN TRANSFERING E-INVOICE DATA TO TAX AUTHORITIES?

Based on Clause 4, Article 12, Decree 123/2020/ND-CP,

The following requirements must be met when sellers directly transmit data to tax authorities:

• Connect to the General Department of Taxation via a leased channel or MPLS VPN Layer 3, including 1 main channel and 1 backup channel. Each channel has a minimum bandwidth of 5 Mbps.
• Use an encrypted Web Service or Message Queue (MQ) for connection.
• Use Simple Object Access Protocol (SOAP) to compile, transmit and receive data.

The above regulations are regulations on electronic invoice formats. Businesses, organizations and individuals need to pay attention when using e-invoice software. AM-Einvoice software fully meets the regulations on format of e-invoices according to Decree 123/2020/ND-CP.