Key tasks of the General Department of Taxation in 2021 include tax management and tax collection from online business activities, and from individuals and businesses with revenue generated from Facebook, Google and YouTube.
The Covid-19 pandemic has turned out to be a golden opportunity for e-commerce platforms as online shopping was the only alternative to obtain essentials during lockdown.
Hanoi has reinforced inspection over business households and collected tens of trillion of dong worth of tax arrears from businesses via Google, Facebook and Youtube and online sales.
The cross-border e-commerce carnival series event 2021 entitled “Cross Board & Launch Out” organized by the Deqing Municipal Bureau of Commerce (Deqing County, Zhejiang Province, China) was successfully held on December 6-16.
In the past year, nearly 7.2 million products of Vietnamese small and medium sized enterprises were sold to Amazon customers around the world (average 14 products per minute).
E-commerce platforms may choose not to declare and pay tax on behalf of sellers.
According to iPrice’s research on user participation in social media on the Top 3 multi-industry e-commerce Facebook pages, the percentage of Vietnamese users interacting on the pages accounted for 36%.
Many retailers say that consumers ate indifferent to sale promotion programs for Black Friday 2021, the biggest sale campaign of the year.
E-commerce platforms have launched sale promotion programs for Single’s Day November 11, the biggest shopping event of the year, promising big sales on millions of items.
Vietnamese e-commerce market is forecast to continue growing in the post-pandemic period, with revenue surpassing last year's figure, according to experts.
A Facebook survey rates Vietnam as a home for digital transformation and forecasts that the market will lead the region in terms of e-commerce growth.
According to a new scheme approved by the Prime Minister, the value of non-cash payments would be 25 times higher than GDP and the proportion of the payment method in e-commerce would account for 50% by 2025.