Review the tax payment of sales livestream individuals

VCN - The General Department of Taxation has just issued an official letter directing local tax departments to drastically manage e-commerce taxes and electronic invoices generated from cash registers.
Review the tax payment of sales livestream individuals
illustration image

In recent years, the Government and Ministry of Finance have issued directives to strengthen tax management and prevent tax evasion in e-commerce activities; expanding the implementation of e-invoices generated from cash registers which aims to make e-invoices more accessible and convenient for individuals and businesses, enhance management efficiency, combat tax evasion in the retail sector, protect consumer rights, and promote digital transformation in the finance sector.

In line with these directives, the General Department of Taxation has issued an official dispatch instructing local tax departments to resolutely manage e-commerce taxes and e-invoices generated from cash registers. Accordingly, Director General of Taxation requested local Director of Tax Departments and Large Taxpayers Department to urgently implement key tasks as follows:

Conducting comprehensive inspections of tax declaration, tax payment, and e-invoice usage by organizations, households, and individuals engaged in e-commerce, e-commerce platforms, affiliate marketing, providing digital content products, and receiving income from advertising, software provision, etc., with a particular focus on online businesses and live-streamers.

Along with that, implementing solutions to apply e-invoices generated from cash registers from August 1, 2024, for the following business types: golf course ticket sales and service provision; golf apparel, equipment, accessories, etc.

General Department of Taxation also requested its units to develop inspection plans for the above-mentioned business types to ensure businesses understand their responsibilities, commit to complying with tax declaration and payment regulations, promote the implementation of e-invoices generated from cash registers, and prevent revenue losses.

In addition, the departments must resolutely deploy the task to the leaders of the Tax Departments, the leaders of the Tax Offices and Branches, and specifically to the management officials of the units to work, disseminate policies, regulations and legal provisions on tax declaration, tax payment, and use of e-invoices in transactions to each business establishment in the fields of e-commerce, golf course business, golf support services, etc.

Directly review, statistically analyze, and evaluate tax management work to develop a plan to apply e-invoices generated from cash registers for business types with revenue from tourism ticket sales, entertainment activities, etc., and report to the General Department of Taxation before August 1, 2024.

By Hoài Anh/Thanh Thuy

Related News

E-commerce: The door to bring Vietnamese goods to the world

E-commerce: The door to bring Vietnamese goods to the world

VCN - Cross-border e-commerce is one of the important pillars on the journey to promote Vietnam's export potential. On the Amazon e-commerce platform alone, Vietnamese businesses have expanded their international business scope with the number of products exported and sold on Amazon increasing by 300% in the past 5 years.
Businesses focus on building brands in addition to increasing profit

Businesses focus on building brands in addition to increasing profit

VCN - Besides profit, brand building is always a major concern to any business especially the branding strategy in the context of e-commerce is dominant.
Increase responsibility for consumer protection in the electronic environment

Increase responsibility for consumer protection in the electronic environment

VCN - Along with strong development, e-commerce has been posing many new problems and challenges for economic and social development, including in the field of protecting consumer rights.
"Three-legged tripod" for Vietnamese goods to take part in global through e-commerce

"Three-legged tripod" for Vietnamese goods to take part in global through e-commerce

VCN - Mr. Gijae Seong, Managing Director of Amazon Global Selling Vietnam shares about the changes in the cross-border e-commerce industry in Vietnam and efforts to promote the success of Vietnamese products and brands when participating in the global e-commerce supply chain.

Latest News

Continue to warn about forms of fraud against taxpayers

Continue to warn about forms of fraud against taxpayers

VCN - In response to the increasing prevalence of sophisticated scams targeting taxpayers, the General Department of Taxation (GDT) has issued directives to tax authorities nationwide to strengthen individual income tax management and provide warnings and preventive measures to help taxpayers remain vigilant and protect themselves from fraudulent activities.
Under amended law, it needs clarification on cooperation between commercial banks and insurance companies

Under amended law, it needs clarification on cooperation between commercial banks and insurance companies

VCN - Banks and insurance businesses have different understandings of the regulations in the Law on Credit Institutions 2024.
Corporate bond issuance soars in comparison to 2023

Corporate bond issuance soars in comparison to 2023

VCN - According to the Ministry of Finance, from the beginning of the year to June 21, 2024, 41 enterprises have issued private corporate bonds with a total value of VND 110.2 trillion.
Tax debt recovery is estimated to achieve VND 45,468 billion

Tax debt recovery is estimated to achieve VND 45,468 billion

VCN - In the first half of 2024, tax authority at all level has issued 16,859 notifications on temporary exit suspension and recovered VND918.7 billion of tax debt from 1,482 taxpayers.

More News

Public accounting standards publication contributes to spreading investment attraction

Public accounting standards publication contributes to spreading investment attraction

VCN - According to a World Bank (WB) expert, the publication of public accounting standards not only helps strengthen the sustainability of the financial system but also creates a ripple effect in attracting private sector and foreign investment.
Another six months for debt restructuring but need to manage bad debt risks

Another six months for debt restructuring but need to manage bad debt risks

VCN - The decision to continue extending the debt restructuring period, keeping the debt group unchanged for another six months, is expected to continue to contribute to solving difficulties for businesses, reduce debt repayment pressure, and add resources for production and business recovery.
Promote  information transparency to increase large-scale investors in  stock market

Promote information transparency to increase large-scale investors in stock market

VCN - Deputy Minister of Finance Nguyen Duc Chi talked with Customs News about the goal of upgrading Vietnam's stock market and solutions to achieve this goal by 2025.
Ministry to release final draft circular on stock market upgrades

Ministry to release final draft circular on stock market upgrades

The Ministry of Finance is set to announce the final draft of a circular related to the upgrade of Vietnam's stock market and operate the Korea Exchange (KRX) system this week.
Ensure price stability associated with macroeconomic stability

Ensure price stability associated with macroeconomic stability

VCN – To stabilize market prices from now until the end of the year, especially implementing the salary reform, the Ministry of Finance will implement solutions and respond to ensure price stability associated with macroeconomic stability.
Minister of Finance: continue to advise on promulgating fiscal policies to help economy recover and develop

Minister of Finance: continue to advise on promulgating fiscal policies to help economy recover and develop

VCN - According to Minister of Finance Ho Duc Phoc, although implementing policies to reduce and extend taxes and fees will impact budget revenue, the Ministry has reviewed, evaluated and continued to promulgate a number of fiscal policies to support people and businesses.
Vietnam rises 11 places in budget transparency ranking

Vietnam rises 11 places in budget transparency ranking

VCN - The results of the Open Budget Survey 2023 (OBS 2023) have just been announced by the International Budget Cooperation (IBP), Vietnam's budget transparency ranking continues to be raised to 57 out of 125 countries, climbing 11 places compared to the 2021 assessment period and rising 20 places compared to 2019.
Total budget revenue in first half of year reaches 60% of estimate

Total budget revenue in first half of year reaches 60% of estimate

VCN - According to the Ministry of Finance, total state budget revenue in the first six months of the year was quite good and grew over the same period last year. This results in effective implementation of tax laws and state budget collection tasks, revenue management, and anti-revenue loss of the Ministry of Finance. Along with that, the Ministry of Finance actively deployed policies to help remove difficulties for businesses and people.
Adding goods item subjected to special consumption tax

Adding goods item subjected to special consumption tax

VCN - According to Ministry of Finance – drafting agency, one of the purposes of amending Law on Special Consumption Tax this time is to perfect regulations on special consumption tax policy to expand the collection base and ensure transparency, ease of understanding, and ease of implementation to contribute to improving the capacity and efficiency of tax management activities. To achieve this goal, the draft Special Consumption Tax Law has many amendments on taxable objects.
Read More

Your care

Latest Most read
Continue to warn about forms of fraud against taxpayers

Continue to warn about forms of fraud against taxpayers

General Department of Taxation has issued directives to strengthen individual income tax management and provide warnings and preventive measures to protect themselves from fraudulent activities
Under amended law, it needs clarification on cooperation between commercial banks and insurance companies

Under amended law, it needs clarification on cooperation between commercial banks and insurance companies

VCN - Banks and insurance businesses have different understandings of the regulations in the Law on Credit Institutions 2024.
Corporate bond issuance soars in comparison to 2023

Corporate bond issuance soars in comparison to 2023

According to the Ministry of Finance, from the beginning of the year to June 21, 2024, 41 enterprises have issued private corporate bonds with a total value of VND 110.2 trillion.
Tax debt recovery is estimated to achieve VND 45,468 billion

Tax debt recovery is estimated to achieve VND 45,468 billion

In the first half of 2024, tax authority at all level has issued 16,859 notifications on temporary exit suspension and recovered VND918.7 billion of tax debt from 1,482 taxpayers.
Public accounting standards publication contributes to spreading investment attraction

Public accounting standards publication contributes to spreading investment attraction

VCN - According to a World Bank (WB) expert, the publication of public accounting standards not only helps strengthen the sustainability of the financial system but also creates a ripple effect in attracting private sector and foreign investment.
Mobile Version