- Vietnam’s digital economy has seen significant growth
- Government is increasing efforts to regulate and tax e-commerce transactions
- Regulations on digital taxation are outlined in Law on Tax Administration No. 38/2019/QH14 and Circular No. 80/2021/TT-BTC
- Overseas Suppliers must track information to identify consumers in Vietnam for tax declaration
- Tax rates vary based on revenue earned, with VAT rates ranging from 1% to 5% and CIT rates ranging from 0.1% to 10%
- No minimum revenue threshold for tax registration and payment in Vietnam
Source: mondaq.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
