Foreign service providers fulfill tax obligations in Vietnam
Since the portal for tax payment of cross border activities was launched on March 21 this year, 36 foreign service providers have registered, declared and paid taxes through it, heard a webinar held by the Government Portal on September 29.
Hanoi (VNA) – Since the portal for tax payment of crossborder activities was launched on March 21 this year, 36 foreign service providers have registered,declared and paid taxes through it, heard a webinar held by the Government Portal on September 29.
Those providers include six big names - Meta (Facebook), Google, Microsoft, TikTok, Netflix, and Apple - which together account for90% of the e-business on cross-border digital platforms in Vietnam in terms of revenue. They paid hundreds ofmillions of USD in taxes to the State budget, according to a representative from the General Department of Taxation.
Cross-border foreign businesses are those without permanentestablishments in Vietnam and carry out e-commerce and other services withbusinesses and individuals in Vietnam.
Earlier,foreign businesses had to rely on an agent or third party to declare and paytaxes in the country.
The Ministry ofIndustry and Trade reported that Vietnam’s e-commerce revenue was estimated at13.7 billion USD in 2021, up 16% annually and accounting for 6.5% of the totalretail revenue.
Prof. Hoang Van Cuong,member of the National Assembly’s Committee for Finance-Budget and Vice Rectorof the National Economics University said Vietnam is rated among four SoutheastAsian countries in terms of cross-border tax management via tax declarations onthe portal.
🐓 A representative fromthe General Department of Taxation said foreign service providers workedclosely with tax agencies to learn about tax policies and offer suggestions tothem to improve tax policies and tax management tools./.
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Illustrative image (Photo: VNA) 
