TẠP CHÍ ĐIỆN TỬ
Over 300,000 unidentified e-commerce stores generate sales exceeding $2.7 bln
If e-commerce platforms were to deduct and pay taxes on behalf of sellers, tax management would be more efficient and transparent, particularly for stores where sellers remain unverified.
A large number of unidentified sellers continue to operate on major online platforms, stated the Ministry of Finance.
Specifically, over 300,000 stores across Shopee, Lazada, Tiki, Sendo, and Grab remain unverified, generating total sales estimated at over VND70 trillion (approximately $2.7 billion).
The Ministry of Finance also highlighted business activities conducted by households and individuals on foreign e-commerce platforms, including Booking, Agoda, Airbnb, Tripadvisor; subscription-based platforms like Netflix and Spotify; advertising and social media platforms such as Google, YouTube, Facebook, and TikTok; and app stores such as Apple Store and CH Play.
Data from more than 400 e-commerce platforms provided to tax authorities revealed that over 300,000 individual sellers involved in e-commerce trading platforms contributed approximately VND2.5 trillion (around $98 million) in taxes in 2024.
The ministry proposed that if e-commerce platforms were to deduct and pay taxes on behalf of sellers, tax management would be more efficient and transparent, particularly for stores where sellers remain unverified.
Based on estimates, with a tax rate of 1.5% (1% VAT and 0.5% personal income tax) to be applied, additional tax revenue to be collected from the VND70 trillion in total sales could reach over VND1 trillion ($39 million).
