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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Wednesday, May 28, 2025

Tax department launches portal connected with e-commerce platforms

By N. Tan

Must read

HCMC – The General Department of Taxation has launched an e-Portal connected with domestic e-commerce platforms, which will receive data of business organizations and individuals via e-commerce platforms.

Launching an e-commerce information portal aims to ease bureaucratic tax procedures and save costs for enterprises. The portal will receive a declaration from e-commerce platforms in case these platforms make a tax payment on behalf of a business or individual making an online transaction.

On the other hand, the portal also records information about business organizations and individuals via e-commerce platforms if these platforms fail to submit a declaration on behalf of them.

Earlier, the General Department of Taxation activated an e-Portal for foreign suppliers. Till now, some 42 foreign suppliers worldwide, such as Meta (Facebook), Google, Microsoft and eBay, have registered, declared and paid taxes directly through the e-Portal with an amount of VND3,444 billion.

In 2022, the tax sector cut 70 bureaucratic procedures from 304 to 234, or a 23% reduction of administrative procedures. The tax sector has also integrated its online public services with the National Public Services Portal, creating favorable conditions and saving time and costs for residents and enterprises in implementing tax transactions.

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