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Wednesday, October 5, 2022

Portal, app launched for foreign service providers’ tax declaration, payment

The Saigon Times

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HCMC – The General Department of Taxation under the Ministry of Finance on March 21 launched a portal at Etaxvn.gdt.gov.vn and the eTax Mobile app through which foreign service providers, such as Google and Facebook, can declare and pay taxes online to Vietnam.

According to the department, most of foreign service providers have no headquarters in Vietnam and their business activities have been conducted through the digital environment and apps. Therefore, traditional tax declarations and payment forms are not suitable, the local media reported.

To improve the tax management and make it easy for foreign service providers to fulfill their tax obligations, the portal and the app have been developed.

Through the portal and the app, firms can also learn about Vietnam’s tax policies and other regulations on ecommerce.

At the launching ceremony, Minister of Finance Ho Duc Phoc said ecommerce had proved its role in the fourth industrial revolution and has become a popular business model in the world.

In Vietnam, ecommerce activities have boomed with a scale of US$11.8 billion and a growth rate of 18% in 2020. Vietnam was the first Southeast Asian country to report a double-digit ecommerce growth.

Many global giants, including Google, have forecast that the scale of Vietnam’s digital economy would exceed US$52 billion, ranking third in the ASEAN bloc by 2025.

According to Minister Phoc, the situation urged the country to change to manage ecommerce activities effectively, boost the ecommerce development and create a fair business environment for traditional and ecommerce firms as well as domestic and cross-border business activities.

He asked the General Department of Taxation to continue studying, upgrading and supplementing new functions to meet foreign firms’ demands so that they can comply with tax regulations in Vietnam.

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