- Vietnamese News Agency issued guidance on VAT for livestreaming sales
- Organizations and individuals must register, declare, and pay taxes for livestream sales
- Individuals must pay personal income tax based on a progressive schedule
- Earned commissions are considered revenue for registered business households
- Business households must pay a combined 7 percent tax rate, including 5 percent VAT and 2 percent personal income tax
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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