On 29 September 2021, the Ministry of Finance has issued Circular 80/2021/TT-BTC (“Circular 80”) detailing the implementation of the Tax Administration Law No. 38/2019/QH14 dated 13 June 2019 and Decree 126/2020/ND-CP dated 19 November 2020. Apart from the guidance on general tax administration, the Circular has a separate chapter which sets out important guidelines on tax administration for overseas suppliers who do not have a permanent establishment in Vietnam but conducting e-commerce and/or digital based businesses and having income arising in Vietnam (hereinafter referred to as “Overseas Suppliers”).
This Circular will come into effect from 1 January 2022.
Source KPMG
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