Việt Nam News

A view of the portal https://etaxvn.gdt.gov.vn/nccnn/Reques. Foreign providers have so far paid total tax of some US$22.2 million via the portal. Photo baochinhphu.vn

HÀ NỘI — A total of 39 foreign providers have registered for tax in Việt Nam via the portal https://etaxvn.gdt.gov.vn/nccnn/Reques, according to the Tax Agency for Large Businesses at the General Department of Taxation.

Among them are Meta (Facebook), Google, Microsoft, TikTok, Netflix, and Apple which account for up to 90 per cent of the market share in the field of cross-border e-commerce.

Other names in the list include iHerb, LLC; Netflix Pte. Ltd; Tiktok Pte. Ltd; Blizzard Entertainment Inc; Educational Testing Service; Ezviz International Limited; and LinkedIn Singapore Tte. Ltd, among others.

The General Department of Taxation put the portal, which was exclusively developed for foreign providers, in place on March 21. Foreign providers have so far paid total tax of some US$22.2 million via the portal.

According to the department, the portal makes it easier for foreign providers with business on digital platforms in Việt Nam to register, declare and pay taxes.

Through the portal, foreign providers can also learn about Việt Nam’s tax laws and policies on e-commerce.

Finance Minister Hồ Đức Phớc said the portal was launched to keep up with the strong development of e-commerce in Việt Nam. Many major groups like Google have forecast that the Vietnamese digital economy will reach more than $52 billion and rank third in ASEAN in 2025.

Phớc has asked the agency to ensure round-the-clock operations of the portal, while working on upgrading the services, meeting the demand of foreign suppliers during the observance of local tax laws.

The tax agency will step up the communication work to further facilitate tax registration, declaration and payment in Việt Nam in line with the country’s commitments and regulations on added value and corporate income taxes for cross-border services.

According to the Finance Ministry, tax payments made by foreign providers between 2018 and December 2021 exceeded VNĐ4.4 trillion ($192.47 million). — VNS

Tags tax

VN's food processing industry struggles to improve quality and value chain integration

Economy

Aviation stocks waiting for takeoff as businesses soar

Economy

Monetary policy forecast unlikely to loosen further

Economy

PM attends Dominican Republic-Việt Nam business dialogue in Santo Domingo

Economy

New decree on using telecommunications accounts for payment proposed

Economy

Việt Nam resolved to boost digital economy with national action plan

More on this story

Economy

Securities companies adjust business results amid market downturn

Securities companies have to adjust business plans lower due to the volatility of the stock market at present as the market is still seeing negative movements in terms of liquidity and scores.

Economy

Agricultural sector aims to increase use of organic fertiliser

The Ministry of Agriculture and Rural Development (MARD) aims to have local production using 25 per cent organic fertilisers in the next three years.

Economy

Việt Nam must specify target markets for organic farm produce

Vietnamese organic farming products are exported to about 180 countries and territories, with an export turnover of $335 million per year. The exported organic farming products are tea, shrimp, rice, cashew nuts, pepper, cinnamon, anise, essential oils, and spices.

Economy

Households in a better financial position, but external risks remain

Việt Nam did well economically in the last quarter but experts are concerned that economic growth would slow down on account of unfavourable global conditions.

Economy

VN-Index struggles on persistent selling force

The index gained pared some losses from the previous session in the morning trade, with a slight increase of 1.25 points to 961.9 points, but rising selling pressure dragged the index back to the bearish trend.

Economy

VN should produce green, clean goods to win over European consumers: Eurocham

Vietnamese companies must understand trends in the EU consumer market, which is undergoing a significant shift towards green and clean goods that meet international labour and environmental standards, Eurocham said.

Economy

Finance ministry proposes schemes for fuel environmental tax next year

The Ministry of Finance has put forward several environmental tax proposals on fuel and lubricant in the year 2023.

Economy

Việt Nam attends fairs in China

Việt Nam is among the exhibitors at the 6th China-South Asia Expo and the 26th China Kunming Import and Export Fair in the city of Kunming, China’s Yunnan province, from November 19-22.

Economy

MoF continues to consider adjusting costs of petrol: expert

The Ministry of Finance (MoF) is taking steps to stabilise domestic gasoline prices and supply while removing difficulties for petroleum traders, said Nguyễn Tiến Minh Director of the MoF’s Price Management Department.