Foreign suppliers pay over 18 trillion VND in taxes via electronic portal
A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over 18 trillion VND (711.88 million USD) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).
The General Department of Taxation said tax management for both domestic and cross-border e-commerce platforms operating in the country is enforced rigorously, ensuring accurate, sufficient, fair, and transparent tax collection in accordance with the law. (Photo: VNA)
Hanoi (VNA) – A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over 18 trillion VND (711.88 million USD) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).
Media outlets have covered the issue of unfair competition posed by the e-commerce platform Temu in the Vietnamese market, as it operated without official licensing, engaged in large sales, and drove local businesses at a competitive disadvantage.
The GDT reported that on September 4, Temu’s parent company completed tax registration through its electronic portal for foreign suppliers and was issued the tax code of 9000001289.
Regarding tax declaration and payment deadlines, the department noted that, as per regulations, starting from the third quarter, Temu would begin filing declarations of its revenue generated from the start of its operation in Vietnam, with the deadline being October 31.
The GDT said tax management for both domestic and cross-border e-commerce platforms operating in the country is enforced rigorously, ensuring accurate, sufficient, fair, and transparent tax collection in accordance with the law.
In addition, the department affir⭕med it will continue to facilitate a conducive environment for entities engaging in production and business activities in Vietnam and fulfilling their tax obligations to the state budget./.
Foreign suppliers, such as Google, Apple, Meta (Facebook), Microsoft, Netflix and TikTok, paid 3.94 trillion VND (169 million USD) in taxes in the first half of 2023, according to the General Department of Taxation (GDT).
Foreign suppliers have paid more than 7.36 trillion VND (312.8 million USD) worth of taxes through an electronic portal dedicated to them from March 21, 2022, according to the General Department of Taxation (GDT).
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