The Ministry of Finance and the General Department of Taxation are in the process of finalizing draft guidance regarding tax obligations of taxpayers with e-commerce and digital business operations and transactions.
The proposed approach is to administer the rules through certain entities—including Vietnamese partners of overseas digital platform providers not having a permanent establishment in Vietnam and other withholding agents.
The draft circular would stipulate the obligations of the relevant entities in coordinating and providing information of persons engaged in e-commerce business (involving for instance commercial banks as well as the Ministry of Trade and Industry and the Ministry of Information and Communication).
Source KPMG
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