HCMC – Tax authorities will launch an artificial intelligence (AI) tool next week to monitor revenue and sales on e-commerce platforms, particularly targeting cross-border transactions, said Deputy Prime Minister and Minister of Finance Ho Duc Phoc.
The new AI initiative is designed to improve tax collection in the digital economy, Phoc stated during a National Assembly session on November 5.
Since March 2022, foreign platforms such as Meta, Google, TikTok, and Netflix have been required to file for taxes through a digital portal, resulting in over VND18.6 trillion in revenue. Domestic e-commerce tax collection also began this year, with Hanoi City reporting around VND35 trillion in revenue as of early November.
Vietnam plans to end value-added tax exemptions on low-value imported goods sold on e-commerce platforms, aiming to close gaps in tax revenue collection.
The tax sector has transitioned from manual to electronic collection, including e-invoices and integrated data tracking across sectors like fuel and real estate.
