37 foreign suppliers pay over VND3,100 billion in taxes
26 organizations pay tax via Portal for foreign suppliers | |
Challenges in tax management of e-commerce | |
Deploying electronic tax applications, towards Digital Ministry of Finance by 2030 |
The Tax sector develops a database to manage risks to e-commerce. Photo: Internet. |
According to the report of the General Department of Taxation, currently 37 foreign suppliers have declared and paid taxes via the Portal for foreign suppliers.
As of November 7, these suppliers paid over VND3,100 billion, including six major suppliers such as Facebook (Meta), Google, Microsoft, TikTok, Netflix, Apple, accounting for 90% of revenue from e-commerce services, business on cross-border digital platforms in Vietnam.
Currently, the General Department of Taxation is finalizing tax regulations and policies to strengthen the responsibility of e-commerce platforms in tax declaration and payment on behalf of business households and individuals doing business via an e-commerce platform that has the function of ordering online and providing information to tax authorities.
In addition, the country’s top tax authority continues to reform tax administration; upgrades information technology infrastructure to connect and store information to support taxpayers on the Portal.
The Tax sector has also built a database to manage risks for e-commerce; applied artificial intelligence (AI) in processing and giving warnings for cases beyond the risk threshold, and proposed tax management measures for e-commerce activities.
In addition, it has developed a smart tax management system, meeting data connection with state management agencies and taxpayers, e-commerce trading platforms to facilitate tax declaration and payment 24/7, and e-commerce needs.
In the future, the General Department of Taxation will conduct inspections and check information to detect violations of taxpayers, thereby making recommendations to develop more appropriate policies. It will also coordinate with relevant ministries and sectors to exchange and connect information, and develop comprehensive legal policies in the control of e-commerce activities.
Related News
Automate the registration fee management process
10:54 | 05/03/2024 Regulations
Accelerate tax refunds
10:04 | 26/11/2023 Finance
General Department of Taxation provides training course on digital transformation
15:21 | 21/09/2023 Finance
Studying tax refund process to perform effectively
15:03 | 26/06/2023 Finance
Latest News
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
More News
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor
10:00 | 16/04/2024 Finance
Your care
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance