Vietnam to debut AI tool for e-commerce platform supervision next week
Wednesday, November 06, 2024, 21:11 GMT+7
Vietnam will introduce an AI-powered tool next week aimed at overseeing the revenue and business operations of e-commerce platforms, Deputy Prime Minister and Minister of Finance Ho Duc Phoc announced Tuesday at the 15th National Assembly’s eighth session in Hanoi. Phoc’s statement responded to growing calls for stricter measures against tax evasion on e-commerce platforms, an issue raised by National Assembly deputy Tran Hoang Ngan from Ho Chi Minh City.
Ngan urged the government and relevant agencies to bolster budget collection efforts and take firm action against tax evasion within e-commerce.
His proposal emphasized the need for tighter tax controls, particularly on imports through online platforms, arguing that tax revenue from these sources could be used to invest in digital and internet infrastructure.
The deputy prime minister affirmed that the taxman had collected taxes from cross-border e-commerce platforms, including 102 foreign service suppliers that have paid over VND18.6 trillion (US$734 million) in tax to Vietnam.
“Taxmen will start collecting taxes from domestic e-commerce platforms this year,” he said.
“Next week, an AI tool for overseeing revenue and sales on e-commerce platforms will make its debut.”
Hanoi has collected VND35 trillion ($1.4 billion) in tax from online marketplaces.
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