Vietnam collects 1,205 billion VND of tax from 36 foreign suppliers

, Vietnam collects 1,205 billion VND of tax from 36 foreign suppliers

Taxes collected from cross-border platforms such as Google, Facebook, Netflix, Tiktok, Apple… are increasing.

According to the General Department of Taxation, up to now, 36 foreign suppliers have declared and paid tax of 1,205 billion VND. So what solutions have the tax industry taken to get this result?

After opening the Portal dedicated to foreign suppliers, the General Department of Taxation sent an open letter, directly meeting with representatives of these platforms, even indirectly through embassies, audit to promote the declaration and payment of taxes.

“Indirectly through Embassies – where foreign suppliers are present, as well as large audit consulting organizations such as Ernst & Young, KPMG, PWC, Deloitte through which to lobby and announce transmit and guide the fulfillment of obligations in the declaration and payment of taxes of foreign suppliers,” said Nguyen Bang Thang – Director of the Large Corporate Tax Department, the General Department of Taxation.

Recently, the Prime Minister signed Official Dispatch No. 889 on improving the efficiency of tax collection management for e-commerce and digital business activities. In particular, it is emphasized that ministries and branches need to share data with each other to serve the development of e-commerce and prevent tax loss.

Mr. Nguyen Bang Thang said: “This telegram once again affirms the strong political determination of the whole political system and ministries to concretize the regulations we have signed before on connection and implementation of data sharing and management”.

Following the Prime Minister’s public announcement, the tax sector is currently building big data, big data, artificial intelligence AI… to apply to e-commerce and e-invoices to help people, businesses save costs and state agencies have accurate data to ensure correct and sufficient tax collection.

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