According to the Ministry of Finance, the electronic information portal for business households and individuals to register, declare, and pay taxes from e-commerce and digital business platforms has been in operation since December 19, 2024, and has supported 41,500 business households and individuals to register, declare, and pay taxes with a total amount of more than VND 258 billion.
The tax authority also worked with 6 major e-commerce platforms including Shopee, Tiki, Lazada, Sendo, Tiktok, and Grap to request and support the platforms to re-provide information to ensure it is correct and sufficient according to regulations.
After 9 periods of providing information from e-commerce trading floors (from Q4/2022 to Q4/2024), information was collected from 439 floors providing information to tax authorities, with 40 billion transactions and a total transaction value of VND 366 trillion. In addition, the Tax Department is also collecting information from shipping units and foreign suppliers who are online platform managers in Vietnam to enrich the e-commerce database.
Notably, in 2024, the tax sector handled 33,003 violations (736 enterprises; 32,267 individuals) with the amount of tax collected and fined being nearly 1.4 trillion VND.
In the coming time, the Ministry of Finance said it will study and propose amendments to the Law on Tax Administration, the Law on E-commerce and guiding documents in the direction of requiring logistics service providers and e-commerce platform managers to provide information on organizations and individuals doing e-commerce business, including organizations and individuals livestreaming sales, affiliate marketing sales…
Coordinate with relevant ministries and branches to propose amendments to specialized legal documents in the direction of requiring increased sanctions against e-commerce platforms that violate laws related to the field of e-commerce.
The Ministry of Finance will develop a Decree guiding the Law amending many Laws regulating the responsibilities of managers of e-commerce trading floors and digital platforms (including domestic and foreign organizations) in deducting, paying taxes on behalf of, and declaring deducted tax amounts on behalf of business households and individuals.
In addition, build a risk management model for organizations and individuals doing e-commerce business, accordingly apply artificial intelligence (AI) to process big data, give warnings in case of tax risks. “Strengthen the review, inspection and examination of organizations and individuals doing business in the field of e-commerce and business on digital platforms” – said a representative of the Ministry of Finance.
Source: cafebiz.vn
Source: Vietnam Insider