General Department of Taxation requests Netflix fulfill tax declaration and payment

VCN – The Tax sector has implemented solutions to prevent tax loss and strengthening of tax inspection and audit is a key solution.
General Department of Taxation completes connecting the integrated system with the National Database on Population General Department of Taxation completes connecting the integrated system with the National Database on Population
General Department of Taxation evaluates efficiency of Double Taxation Agreements General Department of Taxation evaluates efficiency of Double Taxation Agreements
General Department of Taxation supports online 2021 tax finalization General Department of Taxation supports online 2021 tax finalization
General Department of Taxation requests Netflix fulfill tax declaration and payment
The Tax authority expedites dissemination of tax policies, declaration and payment to all tax payers engaged in e-commerce.

Tens of thousands of inspections and audits

According to the General Department of Taxation, between January and August, the Tax sector conducted 37,620 thousand inspections, and collected tax arrears of about VND7.72 trillion into the State budget, reducing tax deductions of VND 1.1 trillion and tax loss of VND26.65 trillion.

The Tax authority has provided solutions to prevent the transfer price by enterprises such as reviewing tax declarations, and coordinated with relevant agencies as police, and customs to improve the efficiency of tax administration for transfer pricing activities.

The tax authorities has inspected and audited 258 enterprises with related party transactions; collected the tax arrears, the refunded taxes and fined VND551.65 billion; reduced revenue loss of VND7,617.34 billion and tax deduction of VND6.18 billion, and revised up taxable income by VND1,636.04 billion.

Authorties has collected tax arrears of VND271.62 billion from re-determining of the market price for related party transactions, reduced tax loss of VND6, 313.7 billion and revised up taxable income of VND 1,049.57 billion.

Regarding e-commerce inspection, to prevent and limit tax fraud and evasion for online environment, the Ministry of Finance directed the tax authority to supplement regulations related to tax administration for e-commerce activities when building the Law on Tax Administration 38/2019/QH14 dated June 13, 2019 of the National Assembly and a number of legal documents issued since 2020.

The Tax sector has also promoted dissemination of tax policies, tax declaration and payment to all taxpayers with e-commerce activities; urged taxpayers to declare and pay tax in line regulations; coordinated with relevant agencies to collect information for tax administration for e-commerce activities; inspected e-commerce operators to effectively manage.

Tax authorities have managed income from online advertising services of foreign organizations that do not establish legal entities in Vietnam such as Google, YouTube, Facebook, Amazon through their partners, advertising agencies or businesses purchasing the services in Vietnam.

The General Department of Taxation has coordinated with relevant agencies to collect information and data related to Netflix Company - a Netherland based TV entertainment service provider - and requested the company to fulfill its tax declaration and payment obligations in accordance with the provisions of Vietnamese tax law.

Strengthening inspection

To prevent revenue loss, the General Department of Taxation requires tax departments of the provinces and centrally-run cities to inspect local enterprises and avoid overlapping with the plan of the central tax authority and other agencies.

The tax departments are asked to expedite the inspection of the tax law compliance and the illegal use of invoice by enterprises, thereby handling violations related to invoice and tax.

The tax departments are requested to check the VAT refund, assess and classify the risks of tax refund dossiers to inspect 100% high risk dossiers within one year, especially for export tax refund of some items, such as: tapioca starch, rubber, cashew nuts, wood chips, and agricultural products.

The country’s top tax regulator also directed tax departments to strengthen inspection and review of tax declaration and payment for real estate business activities in accordance with the direction of the Ministry of Finance; implement risk analysis and check high-risk enterprises; strengthen tax inspection for enterprises with related party transactions

The departments are required to strengthen the implementation of measures to improve the efficiency of tax administration, tax inspection and examination for e-commerce businesses across the country.

By Thuy Linh/Ngoc Loan

Related News

Automate the registration fee management process

Automate the registration fee management process

VCN - The General Department of Taxation is reviewing and completing the Draft of the procedure to replace the Registration Fee Management Process for other assets subject to registration fee (except houses and land).
Ensure deadline for payment of public investment capital at State Treasury

Ensure deadline for payment of public investment capital at State Treasury

VCN - In a recent official dispatch on allocation and entry of estimates into the Treasury and Budget Management Information System (Tabmis) and disbursement of the 2024 public investment capital plan, the Ministry of Finance requested the State Treasury to serious follow the principle of “post-payment audit”.
Accelerate tax refunds

Accelerate tax refunds

VCN - Implementing the direction of the Prime Minister and the Minister of Finance in tax refunds, the General Department of Taxation has directed tax authorities at all levels to speed up the progress of tax refund settlement, and at the same time, strongly control implementation to ensure strict tax refund and compliance with the law.
Amend Corporate Income Tax to implement Pillar 2 of global minimum tax

Amend Corporate Income Tax to implement Pillar 2 of global minimum tax

VCN - According to the Ministry of Finance, the specific goal of amending the Law on Corporate Income Tax (CIT) will contribute to creating conditions to promote and support businesses to expand production and business; Review and rearrange tax incentive policies to encourage and attract investment to develop priority industries, fields and areas according to the Party and State's orientation.

Latest News

Da Nang Customs: Bring the Customs – Business partnership activities into practice

Da Nang Customs: Bring the Customs – Business partnership activities into practice

VCN - Activities to develop Customs-Business partnerships are implemented by Da Nang Customs Department to transform the content and methods so that business support activities can be put into practice.
Quang Tri builds a management process for imported coal transported by conveyor belts

Quang Tri builds a management process for imported coal transported by conveyor belts

VCN – On January 5, the Government issued Resolution 04/NQ-CP approving the project on construction of conveyor belt to transport coal from Laos to Vietnam across Vietnam-Laos border. This is the legal framework for implementing the investment project on building warehouses, conveyor system, and requiring customs control for imported coal transported by cross-border conveyor implemented in Vietnam for the first time.
Vietnam Customs effectively cooperates and integrates with ASEAN Customs

Vietnam Customs effectively cooperates and integrates with ASEAN Customs

VCN – Over the past time, in the framework of customs cooperation in the Association of Southeast Asian Nations (ASEAN) community, Vietnam Customs has always been an active member in implementing Regional Customs Cooperation Programs. Accordingly, customs cooperation plays an important role in building, developing and maintaining the ASEAN Economic Community (AEC).
Businesses appreciate reform and facilitation efforts of Hai Phong Customs

Businesses appreciate reform and facilitation efforts of Hai Phong Customs

VCN - Administrative reform and trade facilitation is one of the key and thorough tasks of Hai Phong Customs Department, which has gained many positive results and been highly appreciated by the business community.

More News

Customs revenue in Quarter 1 decreases by 3% year-on-year

Customs revenue in Quarter 1 decreases by 3% year-on-year

VCN - The total import and export value of the country in the first quarter of 2024 rose 18.2% year-on-year to US$145.59 billion. However, state budget revenue in the first quarter (as of March 15) of the entire Customs sector decreased by 3% year-on-year.
Export turnover across Hai Phong Customs increases by 19.5%

Export turnover across Hai Phong Customs increases by 19.5%

VCN- The import and export turnover across Hai Phong Customs Department in the first quarter of 2024 increased significantly compared to the same period last year.
Hiep Phuoc Seaport Customs Branch clears for vessel carrying more than 1,100 imported cars

Hiep Phuoc Seaport Customs Branch clears for vessel carrying more than 1,100 imported cars

VCN – More than 1,100 cars transported on MONZA Ro-ro Vessel from Liberia have been quickly cleared by the Hiep Phuoc Seaport Port Border Gate Customs Branch (HCMC Customs Department).
Noi Bai Customs Branch performs anti-smuggling and revenue collection

Noi Bai Customs Branch performs anti-smuggling and revenue collection

VCN – As the branch that is incharge of collecting the largest state revenue of Ha Noi Customs Department, the revenue collection from the beggining of the year to current date of Noi Bai International Airport Customs Branch still faces difficulties.
Lao Cai Customs’ revenue increases by 30.5% to over VND200 billion

Lao Cai Customs’ revenue increases by 30.5% to over VND200 billion

VCN – The results of revenue, import-export turnover and declarations processed at Lao Cai Customs Department in the first quarter of 2024 see prosperity.
The Customs sector collected more than VND 88 trillion in revenue in the first quarter of 2024

The Customs sector collected more than VND 88 trillion in revenue in the first quarter of 2024

VCN - The Customs sector's revenue collection results in March increased compared to the previous month, but in general, the result of the first quarter dropped compared to the same period last year.
Mong Cai Customs innovates to support and accompany businesses

Mong Cai Customs innovates to support and accompany businesses

VCN - In the first quarter of 2024, the work of supporting and accompanying businesses at Mong Cai Border Gate Customs Branch, Quang Ninh Customs Department has many innovations and creativity, contributing to increasing the number of businesses coming to do customs procedures through the area.
Quang Ninh Customs ranks first DDCI in 2023

Quang Ninh Customs ranks first DDCI in 2023

VCN - Quang Ninh Customs Department ranks first in the District and Department Competitiveness Index (DDCI) in 2023 with 88.37 points, announced by the People's Committee of Quang Ninh Province.
Working hours at Tra Linh International Border Gate

Working hours at Tra Linh International Border Gate

VCN - Cao Bang Department of Industry and Trade has announced to Departments of Industry and Trade of provinces and cities nationwide about working hours at Tra Linh International Border Gate.
Read More

Your care

Latest Most read
Da Nang Customs: Bring the Customs – Business partnership activities into practice

Da Nang Customs: Bring the Customs – Business partnership activities into practice

Activities to develop Customs-Business partnerships are implemented by Da Nang Customs Department to transform the content and methods so that business support activities can be put into practice.
Quang Tri builds a management process for imported coal transported by conveyor belts

Quang Tri builds a management process for imported coal transported by conveyor belts

VCN - From 2022, businesses have promoted coal imports from Ka Lum mine, Laos to Vietnam across La Lay International Border Gate (about 500 thousand tons, contributing over VND100 billion to the budget).
Vietnam Customs effectively cooperates and integrates with ASEAN Customs

Vietnam Customs effectively cooperates and integrates with ASEAN Customs

VCN - When ASEAN becomes a single market, a common production and distribution base in the region, through trade facilitation, goods is circulated freely and the goals of deep economic integration of ASEAN are realized.
Businesses appreciate reform and facilitation efforts of Hai Phong Customs

Businesses appreciate reform and facilitation efforts of Hai Phong Customs

VCN - Administrative reform and trade facilitation is one of the key and thorough tasks of Hai Phong Customs Department, which has gained many positive results and been highly appreciated by the business community.
Customs revenue in Quarter 1 decreases by 3% year-on-year

Customs revenue in Quarter 1 decreases by 3% year-on-year

VCN - The total import and export value of the country in the first quarter of 2024 rose 18.2% year-on-year to US$145.59 billion. However, state budget revenue in the first quarter (as of March 15) of the entire Customs sector decreased by 3% year-on-year
Mobile Version