- The Vietnamese government has updated e-commerce regulations to improve tax compliance and streamline invoicing for online transactions.
- E-commerce platforms are now empowered to issue electronic invoices on behalf of sellers.
- Starting January 1, 2025, platforms must deduct, declare, and pay taxes for their sellers.
- These changes aim to address issues such as counterfeit goods, intellectual property violations, and tax evasion.
- Non-compliance with the new regulations can result in administrative fines, additional tax assessments, and legal consequences.
Source: fonoa.com
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