Tax administration on e-commerce strengthened for suppliers

The General Department of Taxation on November 14 issued a letter guiding owners of e-commerce trading platforms to provide updated company information from the start of 2023.

1. Guidance on providing information for e-commerce owners

The General Department of Taxation (GDT) issued Official Letter No. 4205/TCT-DNNCN on guiding owners of e-commerce trading platforms (e-commerce owners) to provide information as prescribed in Paragraph 7, Article 1, Decree 91/2022/ND-CP dated October 30, 2022 with the main contents as follows:

Information deadlines: The first period is Q4/2022 with the deadline being January 31, 2023. For subsequent quarters, the deadline is the last day of the first month of the following quarter.

Information to provide: Sellers' name, tax code or personal identification number or identity card or citizen identification or passport, address, phone number. For e-commerce platforms with online ordering functions, in addition to the above general information, they are also required to provide information about online sales. In case of failure to provide information as prescribed, penalties will be imposed according to Article 19, Decree 125/2020/ND-CP dated October 19, 2020.

Method of providing information: Via E-commerce Portal at website https://thuedientu.gdt.gov.vn. The portal is expected to be activated from December 2022.

Local tax departments shall review and produce a list of taxpaying traders and organizations established and operating under Vietnamese laws as e-commerce owners.

The tax departments shall update the list of e-commerce platforms on the E-commerce Portal to monitor and expedite the provision of information of e-commerce platforms.

2. Announcement of the list of Overseas Suppliers registered for tax in Vietnam

On November 19, 2022, the GDT issued Announcement No. 357/TB-DNL on the list of Overseas Suppliers registered to declare and pay tax in Vietnam. According to this announcement, there are already 39 Overseas Suppliers registered for tax in Vietnam so far.

*Please contact KPMG for further consultation during the implementation of the GDT’s guidance.