Finance ministry announces new tax plan for UberThe Vietnamese Ministry of Finance has issued a new tax plan for Uber taxi service after its recent rule requiring drivers to pay tax on behalf of the ride-hailing company proved unpopular. Under the new tax rule, Uber will have to pay a total tax of 5%, including a 3% value-added tax and a 2% corporate income taxUber, a smartphone app allowing people to hail a private car, has operated in Vietnam since June 2014. Under the Vietnamese Ministry of Finance, the newly-issued tax policy, Uber will have to pay a total tax of 5%, including a 3% value-added tax and a 2% corporate income tax, on revenue generated from rides offered in Vietnam. Meanwhile, transport companies and drivers under contract with Uber will have to pay 3% value-added tax and 1.5% income tax. According to the criticised rule, Uber would only have to declare and pay taxes on the 20% share it received from drivers.

Source: VietNamNet News September 13, 2016 02:48 UTC