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taxation

E-commerce platforms may be asked to pay taxes on behalf of sellers

E-commerce platforms may be asked to pay taxes on behalf of sellers

Requiring e-commerce platforms to declare and pay taxes on behalf of sellers is feasible because the platforms own information about sellers'' successful transactions, revenues and fees, tax authorities say.
Taxation authority to hold dialogue with taxpayers in five localities

Taxation authority to hold dialogue with taxpayers in five localities

The General Department of Taxation will organise a direct dialogue with taxpayers from five provinces and cities to hear feedback on the practical implementation of current tax policies.
Tax sector provides solutions to support victims of Typhoon Yagi

Tax sector provides solutions to support victims of Typhoon Yagi

The General Department of Taxation has sent a document to 26 tax departments outlining solutions to support organisations, individuals and businesses suffering losses due to Typhoon Yagi and related flooding.
Tax watchdog wants to develop a portal to manage individuals and households doing e-commerce business

Tax watchdog wants to develop a portal to manage individuals and households doing e-commerce business

The General Department of Taxation is working on developing an e-portal for individuals and business households which run e-commerce business to facilitate their tax registration, declarations and payments.
Temporary exit suspension due to tax debts applied for some people

Temporary exit suspension due to tax debts applied for some people

Not all individuals who owe taxes will have their departure delayed, the process only applies to a small number, according to the General Department of Taxation.
Livestreaming under scrutiny to increase tax management efficiency

Livestreaming under scrutiny to increase tax management efficiency

The General Department of Taxation has sent an official dispatch to ask local tax departments to carry out comprehensive inspections of tax declarations and payments, as well as the use of e-invoices by organisations, individuals and business households operating on...
Taxation authority urges the implementation of e-invoices created from cash registers

Taxation authority urges the implementation of e-invoices created from cash registers

The General Department of Taxation requires effective implementation of tax management for electronic commerce activities (e-commerce) and electronic invoices (e-invoices) initiated from cash registers.
Enhanced income tax management on stock dividends

Enhanced income tax management on stock dividends

Management of personal income tax will be strengthened to ensure that individuals receiving stock dividends and payments in form of bonus shares fulfil their tax obligations.
Compliance risk management to be enhanced to prevent tax evasion in a digital economy

Compliance risk management to be enhanced to prevent tax evasion in a digital economy

The rapid development of science and technology, especially the explosion of the Internet and digital platforms, has d a digital economy full of potential and opportunities for socio-economic development.
Proposal of compulsory non-cash payment for gold transactions causes a stir

Proposal of compulsory non-cash payment for gold transactions causes a stir

The General Department of Taxation proposed the State Bank of Việt Nam study regulations on making non-cash payments compulsory for gold transactions together with a control mechanism to improve transparency.
E-commerce activities divided into eight groups for easy management

E-commerce activities divided into eight groups for easy management

Tax administration data shows that revenue from e-commerce business activities amounted to VNĐ3.1 quadrillion (US$130.57 billion) in 2022, with taxes paid totalling VNĐ83 trillion.
Foreign providers pay VNĐ2 trillion in tax in two months

Foreign providers pay VNĐ2 trillion in tax in two months

The General Department of Taxation has implemented a combination of solutions to prevent tax revenue loss in e-commerce sector.
General Department of Taxation reviews draft regulations on loan interest expense cap

General Department of Taxation reviews draft regulations on loan interest expense cap

The GDT said that it has coordinated with six local tax departments to organise a conference to review a draft decree that amends and supplements Decree 132/2020/NĐ-CP on tax management for enterprises with associated transactions.
VN should apply global minimum tax from 2024: tax official

VN should apply global minimum tax from 2024: tax official

The Ministry of Finance drafted a resolution for the adaptation of the global minimum tax, paving the way for the adoption of the global minimum tax in Việt Nam from next year.
Tax authorities to cut at least 20 per cent of compliance costs related to business activities

Tax authorities to cut at least 20 per cent of compliance costs related to business activities

In this plan, the GDT aims to continue to review and propose plans to reduce and simplify regulations related to business activities, and eliminate regulations that are no longer appropriate.