Draft on tax declarations by e-commerce platforms unsuitable

According to the Vietnam Chamber of Commerce and Industry (VCCI), many elements of a draft Decree from the Ministry of Finance on e-commerce platforms are not appropriate. Requiring platforms to declare and pay taxes on behalf of vendors, for example, will create an additional cost burden and countless difficulties in determining revenue in the tax period and present a risk of underpayment or overpayment of taxes. Provisions in the draft also conflict with provisions in other laws.