Sunday, November 3, 2024 7:23:22 PM - Markets closed
VN-INDEX 1,254.89 -9.59/-0.76%
HNX-INDEX 225.41 -0.95/-0.42%
UPCOM-INDEX 91.96 -0.42/-0.45%
Tax watchdog wants to develop a portal to manage individuals and households doing e-commerce business
vietnamnews - 8/28/2024 10:38:53 AM
 (0 ratings. You must sign in to rate.)
The General Department of Taxation is working on developing an e-portal for individuals and business households which run e-commerce business to facilitate their tax registration, declarations and payments.
 
 
A farmer in Ben Tre Province is livestreaming to sell bonsai. The General Department of Taxation is working on developing an e-portal to manage individuals and business households which run e-commerce businesses. — VNA/VNS Photo Huỳnh Phuc Hau
 
The General Department of Taxation is working on developing an e-portal to manage individuals and business households which run e-commerce businesses.
 
It wants to create favourable conditions for them in terms of tax registration, declaration and payments.
 
Deputy Director Mai Son said that the tax management of e-commerce is currently applied along the same lines as the methods as for traditional business, leading to a number of problems.
 
He said that the e-portal must be developed with the spirit of supporting tax-payers to fulfil all their tax obligations in the most convenient way.
 
Amendments to the existing regulations will be raised to enhance the efficiency of tax management on e-commerce business.
 
The tax watchdog has put e-commerce business under scrutiny.
 
In the first six months of this year, a sum worth nearly VNĐ10 trillion (US$394 million) in tax was collected from businesses and individuals doing e-commerce business, up VNĐ3.5 trillion over the same period last year.
 
More than 4,560 cases were fined, collecting a total of VNĐ297 billion.
 
The General Department of Taxation was sharing details with the Ministry of Industry and Trade about 929 e-commerce platforms, with 53,000 sellers.
 
In another move, the Ministry of Finance has proposed that individuals and businesses households with tax debts might be banned from leaving the country. — VNS
 
Read original article here
Newer News
31/10 Fintech companies become capital providers for small and micro firms
30/10 Gov’t submits to the NA a draft law amending seven laws
30/10 Smart banking emerges as more than just a technological trend
29/10 Interest rates expected to decrease by 0.7 percentage points next year
28/10 Inspection report on gold trading activities being complied, SBV says
28/10 Detailed guidance on banning sale of bancassurance needed
24/10 Vietnam set to lead region in blockchain application by 2030
24/10 Abolishing credit rooms under consideration: central bank
23/10 SHB expands credit package to VNĐ16 trillion with interest rates starting at 4.8%
23/10 Banks show positive results during third quarter
Older News
28/08 First bank to stop selling gold via website, officially selling gold via app
28/08 Credit recovers after July decrease
27/08 Long-term deposit interest rates reach 7.4 per cent
23/08 Vietnamese, Lao central banks discuss cooperation in using local currencies in bilateral trade
21/08 Banks to develop roadmap to comply with share ownership cap policy
21/08 Tax watchdog to put retailers selling through livestreaming under scrutiny
21/08 HCMC lawmakers discuss tax law changes
20/08 Banks to shift to retail lending to gain credit growth
19/08 SBV sticks to 0% rate to fight off dollarisation
17/08 Imposing 5% VAT on fertilisers will bring difficulty to farmers
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,254.89 -9.59/-0.76%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.