Topic: cross-border service

The change in tax management reflects the Government’s swift response to the rapid growth of the digital economy and cross-border e-commerce.

Key highlight of decree is stricter regulations on handling violations committed by cross-border service providers operating in Vietnam.

Vietnam is among the leading ASEAN countries in operating an electronic portal for foreign providers to declare and pay taxes.

Prime Minister Pham Minh Chinh has signed an Official Letter on improving the efficiency of tax collection management for e-commerce and digital business activities. He asked that the Ministry of Finance build a tax management database for e-commerce and that banks supervise payment transactions by foreign subjects with income from cross-border platforms.