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Vietnam’s new decree requires digital platform operators to withhold VAT and individual income tax on behalf of resident and nonresident sellers engaging in online business activities.
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If sellers’ revenues can’t be determined, the highest deduction rate applies. Platforms must report and remit withheld taxes monthly to ensure consistent tax compliance.
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The law enhances tax enforcement for Vietnam’s digital economy by streamlining collections and holding platform operators accountable for sellers’ tax obligations.
Source: GVC
