Vietnamese tax regulations require sellers to pay value-added tax and personal income tax if their annual online business income exceeds VND100 million.
Mei Chunqing, director of the State Administration of Taxation, said it is not easy for tax authorities to comprehensively manage revenue sources, determine taxpayers and tax bases, clearly distinguish income types, and control business transactions and cash flow.
In the future, the State Administration of Taxation will continue to strengthen e-commerce tax management. The list of e-commerce sellers who owe taxes will be published in the mass media. At the same time, the agency will enforce measures including prohibiting taxpayers who have not fulfilled their obligations from withdrawing.
In recent years, these measures have been mainly targeted at individuals and business representatives who have not fulfilled their tax obligations, especially e-commerce sellers. The tax authorities have mainly carried out publicity, encouragement and supervision, requiring organizations, business individuals and third parties to proactively declare and pay taxes.
According to the Ministry of Industry and Trade, Vietnam's retail e-commerce market will reach approximately US$20.5 billion by 2023, an increase of approximately US$4 billion (equivalent to 25%) compared with 2022.
