Guidance for owner of e-commerce in providing information to tax authority
The Tax Authority will guide the e-commerce platform to declare and pay taxes on behalf of business individuals. Source: Internet. |
General Department of Taxation said that the Government issued Decree No.91/2022/ND-CP on amendments to some articles of the Government's Decree No.126/2020/ND-CP dated October 19, 2020, elaborating the law on tax administration. Accordingly, there is a regulation on the responsibilities of organizations that own e-commerce platforms for providing information to tax authorities.
Accordingly, organizations that are established and operating under Vietnam's law and own e-commerce platforms shall provide tax authorities with complete, accurate and timely information about traders, organizations and individuals whose goods or services are entirely or partially traded on their e-commerce platforms, including sellers' names, taxpayer identification numbers, ID numbers or passport numbers, addresses, phone numbers; revenue from online orders.
For the e-commerce platform to function for online orders, besides providing general information, as mentioned above, the owner must provide information on revenue from online orders. If the e-commerce platform does not fully store the above-mentioned general information, it is still required to provide complete, accurate and timely information following the actual information stored at the e-commerce platform.
For the next period of information provision, the e-commerce platform is responsible for requesting traders, organizations and individuals to provide information so that the e-commerce platform update general information following the provisions of Decree No. 52/ 2013/ND-CP and Decree No. 85/2021/ND-CP to provide to tax authorities. If the organization that owns an e-commerce platform fails to provide information as prescribed, the tax authority shall handle administrative violations per the provisions of Article 19 of Decree No. 125/2020/ND-CP.
The provision of information is submitted electronically via the Portal of the General Department of Taxation (thuedientu.gdt.gov.vn, accessing the "Data Portal of E-commerce") following the data format specified by the General Department of Taxation in the Appendix on the components containing professional data which is received from the organization that own e-commerce platform.
Related News
E-commerce tax collection in Hanoi increased by 265%
10:28 | 13/10/2024 Finance
Insurance companies adapt to e-commerce trends
09:30 | 11/09/2024 Import-Export
Ho Chi Minh City: Many violations in e-commerce business
10:19 | 25/08/2024 Anti-Smuggling
Policies of goods quality inspection need to facilitate and prevent fraud
09:43 | 17/08/2024 Regulations
Latest News
"One law amending four laws" on investment to decentralize and ease business challenges
16:44 | 01/11/2024 Regulations
One law amending seven financial laws: New driving force for economic growth
16:34 | 01/11/2024 Regulations
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers
08:54 | 30/10/2024 Regulations
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth
11:34 | 27/10/2024 Regulations
More News
Revamping commodity management and trade protection
11:26 | 26/10/2024 Regulations
Tax support policy is a "lift" for business bounceback
14:52 | 24/10/2024 Regulations
VAT policy for on-the-spot imports
13:44 | 23/10/2024 Regulations
Applying tax on animal feed ingredient faces problems due to specialized regulations
10:17 | 21/10/2024 Regulations
Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024
15:29 | 20/10/2024 Regulations
Ensuring reasonableness upon enforcement of regulations in "1 law amending 7 laws"
00:00 | 19/10/2024 Regulations
Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive
10:29 | 18/10/2024 Regulations
New regulations on foreign indirect investment in Vietnam drafted
13:46 | 15/10/2024 Regulations
Considering amending regulations on suspension from exit due to tax arrears
09:30 | 15/10/2024 Regulations
Your care
"One law amending four laws" on investment to decentralize and ease business challenges
16:44 | 01/11/2024 Regulations
One law amending seven financial laws: New driving force for economic growth
16:34 | 01/11/2024 Regulations
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers
08:54 | 30/10/2024 Regulations
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth
11:34 | 27/10/2024 Regulations
Revamping commodity management and trade protection
11:26 | 26/10/2024 Regulations