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VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
Vietnam’s General Department of Taxation announced today, July 15, that it will enhance scrutiny over income earned from e-commerce and live commerce to reduce lost tax revenue.
This decision was made during a mid-year review conference.
The department will monitor potential violations and refer such cases to law enforcement agencies, according to Vietnam News Agency (VNA).
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
In the first half of this year, total taxable revenues from e-commerce reached VND1,800 trillion, with taxes paid at some VND50 trillion, up by 23% year-on-year.
During the same period, 4,560 violations were discovered, resulting in VND297 billion of penalties.
Source: The Saigon Times
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