E-commerce platforms free from filing tax on vendor behalf

Updated: 18:37, 03/11/2022

E-commerce platforms like Shopee, Tiki or Lazada will not have to file tax on vendors’ behalf and instead only provide authorities with their revenue and other details.

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Every quarter the platforms will need to submit vendor details including name, tax ID, personal ID, address, phone number and revenue, according to a new decree.

A person makes online purchases using a credit card.

This means a previous proposal by tax authorities to make these platforms pay tax on behalf of their vendors was not approved, with vendors instead responsible for their own tax payments.

Insiders since last year have voiced concern over the proposal, saying that filing tax on vendors’ behalf will increase costs, and that they do not have enough resources to fulfill this task.

There are around 100 e-commerce platforms operating in Vietnam with hundreds of thousands of vendors. In 2020, Shopee had 210,000 vendors and Tiki 8,800, according to tax authorities.

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The Vietnam E-commerce and Digital Economy Agency (iDEA) held a conference on October 21 on enhancing enterprises’ export capacity through cross-border e-commerce.

E-commerce platforms should pay tax on vendors' behalf: ministry

The Ministry of Finance wants e-commerce companies such as Shopee, Tiki and Lazada to pay taxes on behalf of their vendors to simplify administrative procedures.

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Hanoi will continue to coordinate with the Ministry of Industry and Trade’s Vietnam E-commerce and Digital Economy Agency (iDEA), Amazon Global Selling Vietnam, and relevant units to support and train businesses in skills on cross-border e-commerce, according to Vice Director of Hanoi Center for Investment, Trade and Tourism Promotion (HPA) Nguyen Thi Mai Anh.

Bac Giang supports to create more than 113,600 booths on e-commerce platforms

(BGO) – Since early this year, the Department of Industry and Trade (DoIT) has cooperated with competent agencies in and outside Bac Giang province to support businesses, cooperatives and households to create more than 113,600 booths on various e-commerce platforms of Voso.vn, Postmart.vn, sendo.vn, san24h.vn among others.