Vietnam strengthens the review and supervision of organizations and individuals in the e-commerce sector
On March 4, the Ministry of Finance of Vietnam issued a report on the recent e-commerce tax management.
In 2024, the Vietnamese tax authorities handled a total of 33,003 violation cases, involving 736 enterprises and 32,267 individuals. The total amount of tax arrears and fines approached VND 1.4 trillion (CNY 39.75 million).
Since December 19, 2023, the Vietnamese tax portal has supported 41,500 family-run and individual businesses to complete tax registration, with tax declarations and payments exceeding VND 258 billion. Tax authorities have also cooperated with six major e-commerce platforms, including Shopee, Tiki, Lazada, Sendo, TikTok Shop, and Grab, to ensure the provision of accurate and complete information. Data shows that from the fourth quarter of 2022 to the fourth quarter of 2024, tax authorities collected 40 billion transaction records from 439 information providers, with a total transaction value of VND 366 trillion.
In the future, the Ministry of Finance of Vietnam plans to revise the "Tax Administration Law" and the "E-commerce Law", requiring logistics service providers and e-commerce platform managers to provide information on organizations and individuals engaged in e-commerce business, including data related to live streaming sales and affiliate marketing. At the same time, it will cooperate with relevant departments to strengthen sanctions against platforms that violate e-commerce regulations.
The Ministry of Finance of Vietnam will also issue decrees to clarify the responsibilities of domestic and foreign digital platform managers in withholding taxes, declarations, and payments, and establish an artificial intelligence-based risk management model to process big data and warn of potential tax risks. A representative of the Ministry of Finance emphasized: "We will further strengthen the review and supervision of organizations and individuals in the e-commerce sector."