Bắc Ninh
E-commerce platforms to declare, pay taxes on behalf of sellers from April 2025
E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers being business households and individuals from April 1, 2025.
This is a notable point of the law which amends nine laws passed by the National Assembly on November 29.
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E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers from April 1, 2025. |
The Government will develop detailed guidances for the implementation of tax declaration and payment on behalf of sellers.
The General Department of Taxation at a recent conference about tax management on e-commerce said that information technology solutions would be raised to facilitate the tax declaration and payment by e-commerce platforms.
A working group will also be set up to support e-commerce platforms in implementing the tax declaration and payment on behalf of sellers at the most convenience and to ensure transparency and fairness.
Currently, sellers on e-commerce platforms such as Shopee, Lazada and Tiktok Shop are responsible for declaring and paying taxes while e-commerce platforms are only responsible for providing information to the tax authorities.
Statistics of the General Department of Taxation showed that sellers on e-commerce platforms paid a total of 94.6 trillion VND (3.73 billion USD) in tax in the first 10 months of this year, up 10% over the same period last year.
The e-commerce portal has received information of 412 e-commerce platforms since its operation in December 15, 2022. Accordingly, there are more than 191,000 organisations and individuals doing business on e-commerce platforms with a total transaction value of nearly 72 trillion VND.
Vietnam is also amending the Law on Corporate Income Tax which aims to require foreign enterprises providing goods and services in Vietnam via e-commerce and digital platforms to pay tax for their incomes in the country.
The northern province of Bac Giang will promote e-commerce development in the locality, focusing on organising training and workshops for businesses, cooperatives, and individuals to improve their capacity to utilise e-commerce applications.
BAC GIANG - To date, the Bac Giang e-commerce platform (San24h.vn) has attracted more than 22.83 million visits, an increase of more than 2.23 million visits compared to the same period in 2023, reported the Department of Industry and Trade.
Vietnam’s e-commerce market is estimated at US$22 billion, the third largest in Southeast Asia behind only Indonesia ($65 billion) and Thailand ($26 billion).
The national e-commerce week will take place from November 25 to December 1, while the Vietnam Online Friday 2024 will run from the beginning of November 29 to noon of December 1, according to the Ministry of Industry and Trade. The events will be held on the national scale.
Along with the 4th Industrial Revolution, e-commerce has become an inevitable trend serving as a tool for businesses to diversify channels and methods to swiftly seek buyers, partners, and orders, towards creating breakthroughs in trade in the global race, according to insiders.
Vietnam’s e-commerce market has seen consistent growth, boasting an average annual growth rate of 16-30% over the past four years, the highest in the world, according to a report recently released by OpenGov Asia, a content platform dedicated to sharing ICT-related knowledge and information to better serve citizens and customers.
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