- Concerns have emerged over a draft decree on tax management for e-commerce and digital platforms.
- The regulation will take effect on April 1 and applies to individual sellers and household businesses.
- Businesses have raised concerns about the draft decree’s timeline, needing more time to develop IT systems, allocate human resources, and educate sellers on compliance requirements.
- VCCI proposed postponing the enforcement to July 1 to allow adequate preparation.
- VCCI emphasized the importance of a well-structured tax framework that minimizes administrative burdens and compliance costs.
- The chamber stressed the need for clear definitions of responsibilities among stakeholders to ensure a smooth and efficient implementation of the new tax system.
- Individuals conducting regular business on e-commerce and digital platforms will be required to declare taxes monthly, while household businesses must report their revenue, tax payable, and business expenses.
- VCCI proposed allowing lump-sum tax payments for individuals with a limited number of transactions.
- The draft decree mandates that online sellers declare business expenses, which VCCI deemed unnecessary.
- Dao Kim Loan, a distributor of Riman Incellderm pharmaceutical and cosmetic products, voiced concerns over the proposed tax decree’s differentiation between residents and non-residents in Vietnam for e-commerce taxation.
- Loan pointed out that accurately determining residency status in the digital environment poses significant challenges.
Source: en.vietnamplus.vn
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.
