return icon

Facebook collects money from partners to pay tax in Vietnam

The amount of money Facebook is planning to collect from Vietnamese partners accounts for 5 percent of invoice value. The money will be used to fulfill tax obligations.

Meta, the parent company of Facebook, has announced on its website information about tax collection from Vietnamese advertisers. Beginning June 1, 2022, Facebook ads in Vietnam will be subject to a 5 percent VAT.

Tax collection will be applied to all ads on the platform, targeting clients in Vietnam, with no discrimination for business or individual clients.

Facebook requests that advertisement partners of the social network add a Vietnamese tax code in the Payment Settings. The tax code will be shown on Facebook ad receipts. This would help them recover any VAT they paid to Vietnamese tax authorities.

Facebook said the VAT collection would be applied under two ways. For automatic payment, the 5 percent tax will be calculated before ads are implemented. Users will have to pay additional money for an ad plan on the platform.

If advertisers choose to make payment manually, the VAT amount will be calculated based on real exchange rates, depending on the balance in their ad accounts.

Some days ago, in an official statement, Meta said that it will register, declare and pay foreign contractor tax in Vietnam.

Meta said it had a meeting with the General Department of Taxation (GDT) in April 2022 to clarify the implementation of Circular 80 on registering, declaring and paying tax for foreign contractors in Vietnam.

Meta has committed to register, declare and pay foreign contractor in accordance with the circular. It will provide necessary information to advertisers and clients to ensure tax declaration and payment according to the law.

As such, Meta has taken a move forward to implement its commitments. This shows a cooperative attitude after many years of doing business in Vietnam and not fulfilling tax obligations.

In related news, within the framework of the Prime Minister Pham Minh Chinh’s working visit to the US, Meta’s representatives had a meeting with Chinh and Vietnamese delegates to discuss issues related to digital economy development.

At the meeting, Meta and the National Innovation Center (NIC), an arm of the Ministry of Planning and Investment (MPI) signed a memorandum of understanding on improving the capability of small and enterprises (SMEs) and encouraging innovation.

Trong Dat



Exhibition spotlights Hue’s enameled bronze art


Government seeks to resolve businesses’ capital shortage

Online exposure confers stardom on young singers

Restrictions on traditional entertainment channels by the Covid-19 pandemic have turned out to be a blessing in disguise for some young singers presenting their talents online.

Hanoi's transport department proposes more vehicles using the exclusive BRT lane

Hanoi Department of Transport has proposed the municipal People's Committee to allow passenger cars with 24 seats or more, official vehicles, ambulances and fire trucks to use Bus Rapid Transit (BRT) lanes in the capital.

16 Vietnamese designers to open Thailand Fashion Week 2022

A fashion collection by 16 young Vietnamese designers is set to open Thailand Fashion Week 2022 for the first time, with the outfits on show featuring images of Vietnamese cultural heritages.

The man who helps Vietnamese find their biological parents

Do Hung Phuc’s joy is to help those who lost their parents at birth to find their roots. In three years, the young man has created many magical and emotional reunions.

US increases coffee imports from Vietnamese market

The market share of Vietnamese coffee as part of the United States’ total imports increased from 8.95% to 9.6% during the opening four months of the year, according to statistics compiled by the General Department of Vietnam Customs.

Teenager specializes in diaphonization of animals

Two years ago, after he saw images of diaphonized specimens on the internet, Nguyen Tien Minh Duy, 15, from Buon Ma Thuot City began searching for information and learning about diaphonization.

Universities use ‘conflicts’ to help students learn more about business

Future schools need to be good at designing experiences for students to help them in their career and purpose, Lee Newman from Spain’s IE University said in an interview with VietNamNet.

Famous painter Bui Xuan Phai's works on display for first time

Sixty works by late famous painter Bui Xuan Phai, many of which were created toward the end of his life, are on display in Ho Chi Minh City.

5-year-old Hanoian conquers highest mountains in Vietnam

Dang Quang Vinh, together with his parents, has climbed the five highest mountains in Vietnam, including Lao Than, Lung Cung and Nhiu Co San, which even adults dare not climb.

Belgian comic artist, musician to attend Hue Festival 2022

Belgian comic artist Dany and musician-singer Konoba will represent artists from the Wallonie-Bruxelles region at Hue Festival 2022, according to the Wallonie-Bruxelles delegation in Vietnam.

Family has 3 kids with small stature

The family of Doan Thi Nhan in Hoang Viet hamlet, Tan Phuoc commune of Tan Hong district in Dong Thap, in the Mekong Delta, has a number of children with small stature.

Vietnamese player wins first int’l badminton title at Croatia Open

Vu Thi Anh Thu of Vietnam secured a gold medal in the Croatia Open badminton tournament on June 23 in Dubrovnik.

Face masks and community immunity

Recently, I visited a government agency. The security guards, who were not wearing face masks, did not allow me to enter the agency because I did not have a mask.