The Treasury Department has just sent the National Assembly a report on the implementation of Resolution 62 on interrogation activities at its third session. The report has been sent to the National Assembly in preparation for the 4th session, which will start on October 20.
According to the Ministry of Finance, in the past, this agency has an electronic portal for suppliers in the country (NCCNN) (Etaxvn.gdt.gov .vn) and implementing an electronic tax application on a mobile device platform (eTax Mobile).
In addition, as of March 21, 2022, there have been 140,615 downloads and installations to date, using the eTax Mobile application, 69,465 transactions through commercial banks totaling more than VND 308 billion. There are 30 major foreign suppliers such as Microsoft, facebook , Netflix; Samsung; TikTok; eBay… register, declare on the portal and pay taxes with a total tax of approximately USD 22.2 million.
Facebook has paid taxes in Vietnam amounting to VND 2,099 billion
The Ministry of Finance’s report states that revenues from e-commerce activities through organizations in Vietnam declared and paid on behalf of contractor tax from 2018 to now amounted to VND 5,588 billion.
The Ministry of Finance stressed that these revenues tend to grow over the years, the average revenue in the period 2018-2021 will be 130%, especially from 2021, with about 1,591 billion VND, an increase of 39% compared to 2020.
Specifically, some foreign suppliers are allowed to declare and pay taxes in lieu of large sums contributing to the state budget, such as Facebook for VND 2.099 billion; Google 2,114.6 billion; Microsoft 714 Billion VND…
As for the tax collection for Vietnamese organizations and individuals who have income from e-commerce business activities, the Ministry of Finance said that by the end of August 2022, the tax authorities have collected for dealing with violations, combating loss of income is about VND 1.082 billion.
The Treasury Department also acknowledged that the tax authorities for e-commerce businesses still face many difficulties in fully managing revenue sources, taxpayers and determining tax bases.
In addition, in the digital economy, it is difficult to distinguish certain types of revenue, especially royalties, service charges and corporate profits; difficult to audit business transactions to manage tax collectors for e-commerce business activities.
The Treasury Department also indicated that it is not easy to manage cash flow when the cash on delivery (COD) payment system is more popular than non-cash payment methods.
In order to strengthen tax management in the near future, the Ministry of Finance has emphasized that it will complete the tax regulation to strengthen the responsibility of e-commerce floor owners in tax filing and tax payment on behalf of users who sell goods and services through an online ordering system. platform and the electronic provision of information to the tax authorities.
The Treasury Department plans to build a database to manage e-commerce risks; apply artificial intelligence (AI) to process data, issue alerts if the risk threshold is exceeded, and propose risk-based tax management measures for e-commerce operations.
Source: CafeF
