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Online sales tax collection over 22 million USD in 2023

Revenue from e-commerce for domestic organisations and individuals reached 536.5 billion VND (over 22 million USD) this year, reported the General Department of Taxation (GDT).
Online sales tax collection over 22 million USD in 2023 ảnh 1A screenshot of the Shopee e-commerce platform.
Hanoi (VNS/VNA) - Revenue from e-commerce fordomestic organisations and individuals reached 536.5 billion VND (over 22million USD) this year, reported the General Department of Taxation (GDT).

Tax authorities also collected and handled violations of about 275billion VND from 179 businesses and 1,061 individuals doing business on thefloor.

According to data in the White Book on Vietnamese E-Business 2022of the Ministry of Industry and Trade, the total value of e-commerce goods andconsumption in Vietnam achieved outstanding growth, increasing from 8 billionUSD in 2020 to 16.4 billion USD last year.

With the ability to grow 35% per year, the market size is expectedto reach 21.3 billion USD this year and 57 billion USD in 2025.

Currently, about 60% of the population participate in onlineshopping, equivalent to 57 - 60 million consumers.

After a year of operating the E-commerce Information Portal, fromDecember 15 last year, the tax authority has recorded 357 e-commerce tradingfloors providing information by the end of this year.

Notably, information provided by the GDT shows the effectivenessof implementing the E-commerce Information Portal when declaring tax amounts ofbusinesses and individuals with business activities on the e-commercetransactions floor this year increasing compared to the same period last year.

In addition, the operation of the electric portal for e-commerceforeign suppliers has made Vietnam one of the leading countries in the ASEANregion in collecting taxes through electronic information portals forcross-border suppliers.

The tax authorities continue to achieve good results in taxmanagement for e-commerce activities and foreign suppliers.

Up to now, there have been 74 foreign suppliers who registered,declared and paid taxes through the electric portal for foreign suppliers.

The total tax paid by foreign suppliers is 8.1 trillion VND, ofwhich 6.9 trillion VND was declared and paid directly through the electronicinformation portal and 1.2 trillion VND was deducted and paid on behalf ofVietnamese parties, according to the GDT.

The cumulative revenue from e-commerce activities throughorganisations in Vietnam declared on behalf of contractors from 2018 to the endof last year is over 5.5 trillion VND, an average of over 1.2 trillion VND peryear.

Since the operation of the electronic information portal forforeign suppliers from March 21 last year until now, foreign suppliers havevoluntarily registered, declared and paid direct taxes of more than 10 trillionVND.

To continue to strengthen tax management, the GDT will continue toprovide unified guidance on receiving and processing information from domestice-commerce trading floors, aiming to fully manage tax payers and tax revenuesources, avoiding revenue loss from this potential field next year.

In addition, to promote digital transformation, the taxauthorities have deployed digital map applications such as digital maps of landprices, real estate transfer prices, digital maps of mineral mines, and digitalmaps of household businesses.

Particularly, the digital maps of household businesses have beenbuilt and deployed on the Etax Mobile application to help tax authoritiesmanage taxpayers visually and grasp the area well.

From there, tax authorities collect correctly, fully and promptly,prevent omissions and loss of budget revenue, and at the same time strengthenthe supervisory role of the people and between business households, creatingfairness and transparency./.
VNA

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