Ho Chi Minh City is very difficult to collect taxes on Facebook, Google

Ho Chi Minh City Tax Department is implementing many solutions to support businesses to generate good income, and at the same time will deploy solutions to combat tax loss, especially revenue on e-commerce, Facebook, Google …
In the past 4 months, Ho Chi Minh City’s budget revenue is estimated at more than 140,000 billion Dong, reaching 38% of the estimate, up 15.7% over the same period last year. To support businesses to restore production, the city has extended value added tax and corporate income tax for 56,000 businesses and business households with about 15,000 billion dong. At the same time, the City Tax Department also implemented measures to combat tax loss, especially revenue from e-commerce, Facebook, Google … Because currently, there are many brands of business, advertising on Facebook, Google … control should result in a huge loss of tax revenue. Business units of this type have representative offices in Vietnam, but this office is not a business or commercial organization, so the tax industry is very difficult to manage.

Mr. Le Duy Minh, Director of Ho Chi Minh City Tax Department According to Mr. Le Duy Minh, Head of Tax Department of Ho Chi Minh City, in order to control and manage taxes, their technology platform and business programs and software must be located in Vietnam and be managed by authorities. physical. Currently, the Ho Chi Minh City Tax Department can only verify from the bank account the revenues and expenditures of these units, that is only working at the “top”, but not yet able to do the “original part”. The City Tax Department is proposing to the Ministry of Industry and Trade to support this issue. “All these transactions, the Ministry of Industry and Trade, have to support the City Tax Department to be able to penetrate their system. We must have solutions and software to track online purchases and sales to be able to strictly manage them. I now just stop at the level of verifying that their accounts are opened in Vietnam, how they collect and spend taxes on that basis ”, said Mr. Le Duy Minh.