Cross-border trading is challenging the taxation authorities because if Facebook or Google could not be taxed or are inadequately taxed, this would cause huge losses to the State budget and create an unfair competitive environment for domestic firms, according to expert.
Google, Apple, Facebook, GE, Thaibev and Hitachi all committed to investing more and doing long term business in Vietnam as it is one of most successful stories in the world.
Tax Department of Ho Chi Minh City has decided to adopt practical measures to collect taxes from online retailers on Facebook.
Tax officials are reaching out to 13,500 retailers in their database, but they admit this will be a very tough task.
Facebook has been focused on connecting you with people you already know, but it “might be just as important to also connect you with people you should know,” says Chief Executive Mark Zuckerberg.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
Office: 7th Floor, HCMCC Tower, 249A Thuy Khue street, Tay Ho district, Hanoi
Hotline.: 08887 08817