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Foreign service providers, including Google, Facebook, Apple, pay $379mn in taxes to Vietnam

Foreign service providers, including Google, Facebook, Apple, pay $379mn in taxes to Vietnam

Monday, October 09, 2023, 16:50 GMT+7
Foreign service providers, including Google, Facebook, Apple, pay $379mn in taxes to Vietnam
Foreign service suppliers such as Google, Facebook, and Apple have paid US$379 million in taxes to Vietnam over the past 18 months. Photo: Quang Dinh / Tuoi Tre

Vietnamese tax authorities collected taxes totaling VND9.28 trillion (US$379 million) from foreign cross-border service providers in Vietnam, such as Google, Facebook, Microsoft, and Apple, through a portal 18 months after its launch, according to the General Department of Taxation.

The portal was established in March last year, enabling foreign suppliers to declare and pay taxes online to Vietnam.

In particular, some 30 foreign service providers settled some VND3.48 trillion ($142 million) in taxes from March 21 last year to the end of 2022.

In the year to September 20, the country’s tax authorities had collected VND5.8 trillion ($237 million) from 67 foreign service providers.

To tighten control over the tax payment by foreign suppliers, Vietnamese tax agencies have adopted multiple measures.

The General Department of Taxation frequently reviews foreign service providers’ compliance with Vietnam’s law on e-commerce and online business, and urges them to register to declare and pay taxes through the portal.

“Tax authorities always create favorable conditions for foreign suppliers and domestic enterprises to do business and expand their reach in Vietnam,” said the department.

However, tax agencies will impose harsh sanctions on those who breach regulations on tax in the country, the department underlined.

The department will keep prompting foreign service providers who have yet to pay taxes to complete tax registration, declaration, and payment from now until the end of 2023.

Besides, the tax agencies will team up with relevant units to upgrade the portal to make it easier for foreign suppliers to pay taxes.

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Tieu Bac - Le Thanh / Tuoi Tre News

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