37 foreign suppliers pay over VND3,100 billion in taxes

VCN – After more than seven months of launching the Portal for foreign suppliers, 37 suppliers have declared and paid tax in Vietnam.
26 organizations pay tax via Portal for foreign suppliers 26 organizations pay tax via Portal for foreign suppliers
Challenges in tax management of e-commerce Challenges in tax management of e-commerce
Deploying electronic tax applications, towards Digital Ministry of Finance by 2030 Deploying electronic tax applications, towards Digital Ministry of Finance by 2030
37 foreign suppliers pay over VND3,100 billion in taxes
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.

By Thuy Linh/Ngoc Loan

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