Digital transformation is an inevitable trend that changes the way goods and services are consumed and supplied, especially activities on digital platforms, making tax management more complicated.

The General Department of Taxation has asked local tax authorities to review and make lists of retailers selling through livestreaming on platforms such as YouTube, Facebook and Tiktok to carry out risk-based inspections.

The Ministry of Finance (MoF) has proposed new regulations on determining related-party transactions between enterprises and credit institutions to fight against transfer pricing.

Prime Minister Pham Minh Chinh has stressed the need to implement specific tasks in order to untangle knots in e-commerce development, according to the Government Office.

People and enterprises must be put at the centre of the digital transformation, and benefit from the achievements that the process has carved out, Prime Minister Pham Minh Chinh said on July 10.

The rapid development of e-commerce in recent times has posed significant challenges to the tax management in Vietnam. The tax sector is coordinating with relevant ministries and branches to seek suitable solutions to development requirements and practices serving tax management and preventing tax loss.

As many as 30 big foreign suppliers, including Microsoft, Facebook, Netflix; Samsung; TikTok; and eBay made tax declaration via the portal //Etaxvn.gdt.gov.vn and paid 22.2 million USD worth of tax, according to a report recently submitted by the Ministry of Finance to the National Assembly.

Prime Minister Pham Minh Chinh has decided to reduce land rent by 30 percent for those affected by the COVID-19 pandemic this year.

The Government’s recently-issued Decree 132/2020/ND-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market, Deputy Director of the General Department of Taxation Dang Ngoc Minh said.

The finance ministries of Vietnam and Poland have signed a memorandum of understanding (MoU) on cooperation in a range of fields between the two sides.

According to the recently approved amended Law on Tax Management, companies that have not opened their representative offices in Vietnam such as Google, YouTube and Facebook are obliged to pay taxes.

The National Assembly is scheduled to vote on three revised laws and discuss two law projects at the ongoing 7th session on June 13.

The taxation sector collected more than 1.14 quadrillion VND (49.46 billion USD) in tax for the State budget in 2018, equal to 107.2 percent of estimates and up 12.3 percent from 2017.

The General Department of Taxation’s plan of taxing business households with annual revenue from 100 million VND (4,300 USD) is causing controversy.

Hanoi has set a target of earning about 12.7 billion USD from exports in 2018, a rise of about 8 percent over the previous year.

The question and answer session of the 14th National Assembly’s fourth sitting on November 16 was heated up with issues regarding tax, public debt and monetary policy management.

Hanoi collected over 93.9 trillion VND (4.1 billion USD) in taxes during the first half of this year, completing 50.1 percent of its annual target and 18 percent higher compared with the same period in 2016.

The Government Inspectorate of Vietnam has revealed that mismanagement in tax collection between 2012 and 2014 caused mounting arrears and losses of trillions of dong to the State exchequer.

The Government will levy a special consumption tax on cars with 24 seats and below from January 1, 2016, according to a Prime Minister's new decree.