Foreign Suppliers Pay US$161 Million of Tax in Nearly 7 Months

From January 1-July 15, as many as 103 foreign suppliers registered, declared and paid taxes worth VND4.039 trillion (nearly US$161 million) through the electric portal for foreign suppliers, reported the General Department of Taxation.

According to the agency, the figure reflected an 18.5 percent increase compared to the same period in 2023.

The number of e-commerce platforms providing information on the electronic portal has reached 383, marking an increase of 22 platforms compared to the end of 2023.

Last year, the total tax paid by foreign suppliers was VND8.1 trillion (US$323 million), of which VND6.9 trillion (US$275 million) was declared and paid directly through the electronic portal and VND1.2 trillion (US$48 million) was deducted and paid on behalf of Vietnamese parties.

To continue to strengthen tax management, the agency will continue to provide unified guidance on receiving and processing information from domestic e-commerce trading floors, aiming to fully manage tax payers and tax revenue sources, avoiding revenue loss from this potential field.

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

Particularly, the digital maps of household businesses have been built and deployed on the Etax Mobile application to help tax authorities manage 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 strengthen the supervisory role of the people and between business households, creating fairness and transparency.

Source: VGP