Experts suggest a 20-25% maximum personal income tax rate would be more suitable for Vietnam, given its average income level and the economy's need for savings and investment.
Shopee connected sellers with tax authorities and the platform through a workshop held on 23/7, where various tax policy information was discussed and shared.
Vietcombank proposes eliminating the regulation requiring commercial banks to withhold and remit taxes on behalf of foreign entities earning income in Vietnam.
The Vietnam Academy of Social Sciences (VASS) has proposed a three-phase roadmap for transitioning household businesses from fixed taxes to self-assessment.
Household businesses in Hanoi with estimated revenue changes exceeding 50% will notify tax authorities for adjustments, without facing retroactive tax collection.
Refusing cashless payments to avoid taxes is illegal and demonstrates a lack of responsibility towards public financial obligations, according to Hanoi police.
Value-added and personal income taxes for online sellers will be calculated on total revenue, including shipping, discounts, and subsidies, according to tax authorities.
