VCN – Since 2018, the tax authorities have collected over VND5,000 billion in taxes for cross-border goods and services.
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According to the Ministry of Finance, there are 139 owners of e-commerce trading floors in Vietnam. Of these, 41 e-commerce trading floors sell goods, 98 e-commerce floors provide services and three partner companies authorized by the foreign suppliers to make payment for organizations and individuals who have transactions with foreign suppliers; with 3.5 million visits per day on average.
The tax authorities have managed and collected taxes of over VND1,100 billion on average per year on cross-border goods and services through organizations in Vietnam. Specifically, from 2018 to the end of April 2022, these units paid more than VND5,111 billion of taxes. In the first four months of 2022, the tax sector collected VND437 billion.
In addition, the tax sector has collected from Vietnamese organizations and individuals earning income from providing cross-border digital services and e-commerce business. As of May 23, the tax authorities collected VND735 billion from handling violations and anti-revenue loss, of which VND176 billion was from the first four months.
The Ministry of Finance and the General Department of Taxation have coordinated with relevant ministries, sectors, organizations and associations to exchange information. Ministries and sectors have agreed on principles to cooperation in e-commerce management such as sharing databases, providing information and coordinating in amending legal policies to strengthen e-commerce management and tax administration.
The General Department of Taxation also continues to modernize tax administration to support foreign suppliers, who do not have a permanent business establishment in Vietnam, in e-tax payments on the tax sector’s portal.
The Ministry of Finance has directed the General Department of Taxation to develop technical solutions, upgrade information technology infrastructure to connect and archive information from e-commerce trading floors and from other government agencies, to build a database on tax administration for e-commerce.
The tax authorities have built a database to manage risks for e-commerce. The risk management information is processed centrally at the General Department of Taxation and gathered from the tax information system, relevant ministries and sectors, tax payers, tax authorities of other countries and international tax cooperation organizations, and purchased information in accordance with the Law on Tax Administration.
The sector has developed a database of organizations and individuals engaged in e-commerce activities, analyzes risks including using machine learning methods - applying artificial intelligence (AI) to process data, provides warnings for cases that exceeded risk threshold and proposes risk-based tax management measures for e-commerce activities.
By Thuy Linh/Ngoc Loan