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Vietnam Gets Tough On Digital Suppliers' Tax Non-Compliance

by Mary Swire, Tax-News.com, Hong Kong

06 April 2017


Vietnam is cracking down on businesses seeking to evade value-added tax by transacting with consumers through social media sites and messaging services.

The Vietnamese tax agency is reportedly reaching out to other agencies and banks to acquire information about unreported transactions.

Further, proposals are being developed to introduce clear rules on such transactions, with 35 percent of trading activities said to be taking place through online social media sites and applications.

TAGS: tax | business | value added tax (VAT) | corporation tax | individual income tax | Vietnam | services | Tax

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