Topic: General Department of Taxation

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

Significant increase in gold prices in domestic market is negatively affecting financial and monetary market.

$415mln retrieved from inspections so far this year.

All administrative procedures are to eventually be conducted online.

Mr. Mai Xuan Thanh appointed acting General Director of the General Department of Taxation.

A web portal for foreign providers without permanent establishments in Vietnam represents an advanced tax management tool to help improve compliance.

The General Department of Taxation has said that five months after introducing an e-portal for foreign e-commerce providers, 30 major players such as Microsoft, Facebook, Google, Netflix, TikTok, and eBay have registered and paid taxes totaling $22.2 million.

Vietnam is one of the first countries in Southeast Asia to successfully implement national tax rights for foreign enterprises conducting cross-border e-commerce. After more than five months of operating a portal for foreign suppliers, 30 companies voluntarily declared and paid taxes of more than VND520 billion ($22 million). To continue to strictly control taxes in this area, the General Department of Taxation is building a portal to receive information from e-commerce platforms.

According to the General Department of Taxation, the total amount of taxes owed as of the end of July was estimated at VND133.639 trillion ($5.71 billion), an increase of 16.2 per cent compared to the end of 2021 and 17 per cent year-on-year.

According to the General Department of Taxation, six banks now provide accounts for users to make online tax payments via the eTax Mobile application. The Department is continuing to carry out authentication with a number of other banks to accelerate the deployment of eTax Mobile, contributing to the implementation of the “Project for developing non-cash payments in Vietnam”.