In recent years, in parallel with improving control and preventing tax loss in the field of e-commerce, the Ministry of Finance has also researched and launched electronic tax services, online tax payment applications to support for Business. The application helps foreign suppliers to conduct tax transactions online anytime, anywhere, even though they do not have an office in Vietnam.
Foreign suppliers can pay taxes online
On the morning of March 21, the General Department of Taxation officially put the Etaxvn.gdt.gov.vn portal into operation for overseas suppliers.
The operation of the Etaxvn.gdt.gov.vn portal and the eTax Mobile electronic tax application not only aims at effective tax management but also facilitates commercial activities. e-commerce development.
Through the Portal, all transactions of overseas suppliers such as Google, Facebook, Tiktok, etc. can be registered, declared and paid tax for the revenue generated in Vietnam at any place. Where to do it online, without having to submit a hard copy to the tax office in Vietnam.
It can be seen that having a separate application for foreign suppliers creates an equal environment between traditional business and e-commerce business, especially foreign business activities.
How to register for electronic tax transactions
"When registering for an electronic tax transaction, the foreign supplier will register for the first electronic tax transaction along with tax through the portal. At the same time, must ensure stable internet access and use conditions, have an email address to transact with the tax authority directly managing them.“, a representative of the Large Corporate Tax Department noted.
Suppliers conduct electronic tax registration with taxes for the first time through the portal:
The relevant procedures on the portal are all authenticated by the electronic transaction verification code. The code will be sent to the email that the supplier registered with the Vietnamese tax authority when making the first tax registration or registering to change information (if any).
Overseas suppliers are only allowed to register with one official email address to receive all necessary notifications in the process of making transactions with the tax authorities directly managing them.
After successfully completing the tax registration procedure for the first time. The portal sends information related to the transaction account and tax identification number to the registered email address of the taxpayer to carry out tax procedures.
In case the supplier has a registered tax code directly:
Tax code in case the supplier is abroad directly or authorized to register, declare and pay tax shall comply with the provisions of Circular No. 105/2020/TT-BTC dated December 3, 12 of the Ministry of Finance.
Online tax payment method
Regarding the electronic tax payment method, the supplier after receiving the payable identification code is notified by the General Department of Taxation. The overseas supplier shall pay tax in foreign currency to the state budget revenue account. Pay tax to ensure that the correct identification of the payable amount is sent by the General Department of Taxation. Taxpayers who declare tax in any foreign currency shall pay tax in that freely convertible foreign currency.
Revenue subject to value added tax and corporate income tax is the revenue received by foreign suppliers in Vietnam. Calculate the amount of tax payable including value added tax and corporate income tax on the revenue received by foreign suppliers as a percentage.
In case, if the supplier is located in a foreign country in the territory that has signed a tax agreement with Vietnam, the tax exemption and reduction procedures applied under the Agreement on avoidance of double taxation will be carried out.
