Business

Tax watchdog to better manage performance of foreign service providers

The General Department of Taxation under the Ministry of Finance said it will work harder to better its tax management over foreign service providers to avert losses to the State budget.
Tax watchdog to better manage performance of foreign service providers ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The General Department ofTaxation under the Ministry of Finance said it will work harder to better itstax management over foreign service providers to avert losses to the Statebudget.

The agency will focus on removingobstacles, enabling foreign providers to fulfill their tax obligations in linewith regulations, and continue efficiently collecting tax from e-commerceactivities.

To modernise tax management and facilitate taxpayment, the finance ministry on March 21, 2022, launched a portal at etaxvn.gdt.gov.vn,making it easier for foreign providers to declare their tax and track theirpayments.

The department’s statistics show that 58 foreigncompanies have registered and declared their tax since the portal came online,and their  payment to the State coffer reached 3.4 trillion VND (142.99 millionUSD) so far this year.

For domestic e-commerce platforms, as of July 17, upto 334 of them had sent data to tax agencies, with Shopee, Lazada, Sendo, Voso andTiki occupying the largest market shares./.
VNA
#General Department of Taxation #Ministry of Finance #foreign service providers #State budget #Vietnam #VietnamPlus #Vietnam news
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