PayPal, Airbnb, Booking.com, Agoda yet to register to pay tax in Vietnam: authorities
PayPal, Airbnb, Booking.com, and Agoda are four major foreign e-commerce businesses in Vietnam that have yet to register to pay taxes via the digital portal of the General Department of Taxation.
The department (GDT), under the Ministry of Finance, made the statement on Wednesday, adding that many others are complying with Vietnamese law as they registered and paid taxes.
The General Department of Taxation named four foreign businesses which are yet to register to pay tax via its digital portal. Photo courtesy of the GDT.
The General Department of Taxation suggested relevant authorities, including the Ministry of Information and Communications, the Ministry of Industry and Trade, the Ministry of Public Security, and the State Bank of Vietnam, collaborate to “suitably” manage the four firms.
Last month, the department suggested local banks and payment service providers cooperate to calculate and pay taxes on behalf of foreign businesses.
As of end-2024, 120 foreign businesses had registered to pay taxes in Vietnam via the digital portal. They paid taxes of VND8,687 billion ($342.2 million) last year, up 26% year-on-year.
Google, Meta, Microsoft, Netflix, Apple, and TikTok were the biggest contributors. They accounted for 90% of cross-border e-commerce revenue in Vietnam.
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