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Vietnam nets VND14.5 trillion in taxes from foreign e-commerce providers

The Saigon Times

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HCMC – Vietnam has collected over VND14.5 trillion in taxes from 94 foreign e-commerce suppliers since launching a portal established for foreign suppliers in March 2022, the General Department of Taxation announced on Thursday.

E-commerce has emerged as a sector with a significant impact on the economic growth of many countries, said Deputy Director General Mai Son of the General Department of Taxation at a press conference on April 25.

Department data revealed that tax revenue from e-commerce entities totaled VND180 trillion in 2022 and 2023.

The department reported that tax administration revenue reached VND3.1 quadrillion in 2022, with tax payments totaling VND83 trillion. This rose to VND3.5 quadrillion VND in 2023, with tax payments reaching VND97 trillion.

Currently, taxpayers involved in e-commerce activities are classified into two main groups. The first group consists of those providing domestic goods and services. This includes platform owners with e-commerce activities, organizations, and individuals selling domestic goods and services through e-commerce platforms, social networks, and similar channels.

The second group encompasses those providing goods and services across borders. This category includes foreign suppliers without a permanent presence in Vietnam who conduct e-commerce and digital sales to Vietnamese organizations and individuals.

It also includes Vietnamese organizations and individuals earning income by posting products or digital content on foreign platforms. Additionally, this group covers organizations and individuals selling goods and services across borders through e-commerce platforms and other channels.

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