- Tax Withholding Directive: On December 31, 2024, Vietnam’s General Department of Taxation issued Letter No. 6369/TCT-DNL, instructing 100 banks and intermediary payment service providers to withhold and remit taxes on transactions involving specific foreign e-commerce suppliers that have not registered, declared, or paid taxes in Vietnam.
- Identified Foreign Suppliers: The letter specifically mentions four foreign suppliers—Agoda International Pte. Ltd., Airbnb Ireland Unlimited, Booking.com BV, and Paypal Pte. Ltd.—highlighting their obligation to comply with Vietnam’s tax regulations.
- E-Commerce Tax Compliance Portal: In 2022, Vietnam established a web portal for foreign e-commerce suppliers to comply with tax regulations under Circular No. 80/2021/TT-BTC. As of now, over 120 suppliers have registered on this portal to meet their tax obligations
Source Orbitax
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