- Vietnamese Government issued Decree No. 117/2025/ND-CP on June 11
- Amends tax regulations for resident and nonresident individuals in e-commerce and digital platforms
- Requires e-commerce platform managers to deduct and pay VAT for sellers based on transaction revenue
- Requires deduction and payment of individual income tax for nonresident individuals based on domestic revenue
- Highest tax deduction rate applied if individual revenue from transactions is undetermined
- Deducted tax amounts must be declared and paid monthly
- Decree effective from July 1
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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