Vietnam: Guidance for e-commerce trading platform owners and overseas suppliers
Guidance to owners of e-commerce trading platforms required to provide certain information to the tax authority
Guidance to owners of e-commerce trading platforms
The General Department of Taxation (GDT) on 14 November 2022, issued Official Letter No. 4205/TCT-DNNCN providing guidance to owners of e-commerce trading platforms required to provide certain information to the tax authority:
- Time to provide information: The first period is Quarter 4, 2022 with the deadline being 31 January 2023. For subsequent quarters, the deadline is the last day of the first month of the following quarter.
- Information to provide: Sellers’ name, tax code or personal identification number or identity card or citizen identification or passport, address, and phone number. Particularly for an e-commerce trading platform having an online ordering function, in addition to the above general information, it is also required to provide information about sales through the online ordering function. In case of failure to provide information as prescribed, penalties will be imposed.
- Method of providing information: By electronic method via the e-commerce portal website. The portal is expected to be activated from December 2022.
- Local tax departments need to review and produce a list of taxpayers that are traders and organizations established and operating under Vietnamese laws being the e-commerce owners. Tax departments need to update the list of e-commerce platforms into the e-commerce portal to monitor and expedite the provision of information of the e-commerce platforms.
The GDT on 19 November 2022, issued Announcement No. 357/TB-DNL on the list of overseas suppliers registered to declare and pay tax in Vietnam. According to the announcement, there are already 39 overseas suppliers registered for tax.
Read a December 2022 report [PDF 71 KB] prepared by the KPMG member firm in Vietnam
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