The Ministry of Finance (MoF) of Vietnam recently issued a Circular 80 (80//2021/TT-BTC) regarding the implementation of Vietnam’s tax law (Law on Tax Administration in 2019, Law 38/2019/QH14). As per Circular 80 from January 1, 2022, business-to-consumer (B2C) transactions will also be subjected to withholding taxes, meaning that foreign businesses who earn Vietnam-sourced income from Vietnamese individuals through digital platforms (f.e. Netflix, Steam, Ebay or Amazon ) will also have to pay taxes in Vietnam.
Source: globalvatcompliance.com
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