FOREIGN SUPPLIERS PAY US$315 MLN TAX

To administer tax on e-commerce platforms, the tax industry has actively launched many information technology applications to support tax declaration and payment in Vietnam.

On March 21, 2022, the General Department of Taxation launched an electronic portal for foreign suppliers (Etaxvn.gdt.gov.vn). After more than one year of operation, 52 foreign suppliers have joined this portal to pay their taxes. Some of them include Google, Meta, Apple, Netflix and TikTok. To date, the total tax paid by foreign suppliers has reached VND7,250 billion (US$315 million), including VND3,478 billion in 2022 (VND1,850 billion declared and paid directly through the electronic portal and VND1,628 billion paid via Vietnamese third parties and VND3,772 billion in 2023 (VND 3,254 billion declared and paid directly through the electronic portal and VND518 billion paid via Vietnamese third parties).

On December 15, 2022, the General Department officially launched the e-commerce information portal. Up to now, the system has worked stably, received data declared and sent by e-commerce platforms to tax authorities. As of April 17, 2023, the portal was registered by 304 owners of e-commerce platforms (347 application forms received) to provide information through the portal. Among the e-commerce platforms that provide information to tax authorities, many are holding large market shares such as Shopee, Lazada, Sendo and Voso. With the portal, tax authorities acquired a list of 146,967 individuals and 31,635 organizations registering to sell their products and services on e-commerce platforms. They conducted 50,216,889 transactions with a combined value of VND15,231 billion.

Source: VCCI