Illustrative image (Photo: VNA)Hanoi (VNA) – Since the portal for tax payment of cross border activities was launched on March 21 this year, 36 foreign service providers have registered, declared and paid taxes through it, heard a webinar held by the Government Portal on September 29. Those providers include six big names - Meta (Facebook), Google, Microsoft, TikTok, Netflix, and Apple - which together account for 90% of the e-business on cross-border digital platforms in Vietnam in terms of revenue. Cross-border foreign businesses are those without permanent establishments in Vietnam and carry out e-commerce and other services with businesses and individuals in Vietnam. Earlier, foreign businesses had to rely on an agent or third party to declare and pay taxes in the country. A representative from the General Department of Taxation said foreign service providers worked closely with tax agencies to learn about tax policies and offer suggestions to them to improve tax policies and tax management tools./.

Source: Viet Nam News September 30, 2022 02:33 UTC