What is the online "2025 Trade Union Tet Market" program in Vietnam? What types of taxes do online sellers have to pay?
What is the online "2025 Trade Union Tet Market" program in Vietnam?
The Vietnam General Confederation of Labor (VGCL) has recently issued Plan No. 139/KH-TLD...Download regarding the organization of the "2025 Trade Union Tet Market" program online.
This plan is implemented to concretize the Resolution of the 13th Congress of the Vietnam Trade Union, Resolution No. 07/NQ-BCH 2024 of the Executive Committee of the VGCL about “Focusing resources on caring for the welfare of union members and workers in the new situation”.
The Tet Market by the Trade Union aims to bring quality consumer goods and products from domestic enterprises and units to a large number of trade union members and workers according to the spirit of Directive No. 03-CT/TW dated May 19, 2021, by the Secretariat on strengthening the Communist Party's leadership over the Campaign “Vietnamese people prioritize using Vietnamese goods” in the new situation. This provides trade union members and workers with opportunities to purchase quality goods and products at reasonable prices with discounts, saving costs in a modern, convenient, and quick manner.
The "2025 Trade Union Tet Market" program will be held nationwide from December 20, 2024, to January 20, 2025 (November 20 - December 21 of the Year of the Dragon 2024).
The participants include grassroots union officers, professional union officers of provincial, city-level VGCL, central sectoral unions, and subordinate corporate unions. VGCL will support trade union members in participating in the Program, the Support Team for trade union members, and workers attending the Program. Each locality and unit will be supported with 40 to 100 shopping vouchers for the Program.
According to Plan No. 139/KH-TLD...Download, purchasing goods and products in the online "2025 Trade Union Tet Market" program will be carried out in three steps:
Step 1: union members receive shopping vouchers from the Program: Union members, as proposed by the provincial, city-level VGCL, central sectoral unions and equivalents, subordinate corporate unions, receive shopping vouchers from the Program.
Step 2: union members purchase goods and products on the official electronic information site of the Program during its duration (specific details about the site will be announced later).
Step 3: union members receive the goods and products they purchased.
What is the online "2025 Trade Union Tet Market" program in Vietnam? (Image from the Internet)
Vietnam: What types of taxes must individuals selling online pay?
Based on Article 4 of Circular 40/2021/TT-BTC, which stipulates the principles of calculating personal income tax (PIT) and value-added tax (VAT) as follows:
Principles of Tax Calculation
- The tax calculation principles for business households and individual businesses are executed according to the provisions of current law on VAT, PIT, and relevant legal documents.
2. Business households, individual businesses with an annual calendar-year revenue from production and business activities of 100 million VND or less are not required to pay VAT and PIT according to the law on VAT and PIT. Business households, individual businesses must declare taxes accurately, honestly, and fully, and submit tax records on time; being responsible before the law for the accuracy, honesty, and completeness of tax records as stipulated.
- For group-based individual businesses or household businesses, the revenue threshold of 100 million VND/year to determine that they are exempt from VAT and PIT is set for one (01) sole representative of the group or household during the tax year.
Thus, any business household or individual doing online sales with a revenue of 100 million VND or more must pay VAT and PIT as per regulations.
Vietnam: Where do individuals selling online declare taxes? What does the tax declaration dossier for individuals selling online according to the declaration method include?
According to Article 45 of the 2019 Tax Administration Law, it is stipulated as follows:
Venue for Submitting Tax Declaration Dossiers
1. Taxpayers submit tax declaration dossiers at the directly managing tax agency.
- In case of submitting tax declaration dossiers through a one-stop-shop mechanism, the submission venue follows the regulations of that mechanism.
- For export and import goods, the venue for submitting tax declaration dossiers follows the provisions of the Customs Law.
- The Government of Vietnam stipulates the venue for submitting tax declaration dossiers in the following cases:
a) Taxpayers have multiple production and business activities;
b) Taxpayers conduct production and business activities in multiple localities; taxpayers have tax obligations for types of taxes declared and submitted on each occurrence;
c) Taxpayers have tax obligations related to income from land; obtain rights to exploit water resources, mineral resources;
d) Taxpayers have tax obligations for personal income tax settlements;
đ) Taxpayers conduct tax declarations through electronic transactions and other necessary cases.
Based on the provision in clause 3, Article 11 of Decree 126/2020/ND-CP, which stipulates the venue for submitting tax declaration dossiers as follows:
Venue for Submitting Tax Declaration Dossiers
Taxpayers execute the provisions regarding the venue for submitting tax declaration dossiers as specified in clauses 1, 2, and 3 of Article 45 of the Tax Administration Law and the following provisions:
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- The venue for submitting tax declaration dossiers for business households and individual businesses with production and business activities in multiple localities, as per points a and b, clause 4, Article 45 of the Tax Administration Law, is the tax office where there is production and business activity.
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Therefore, under the regulations, individuals doing online sales can submit their tax declaration dossiers at the Tax Department directly managing the location where they conduct production and business activities.
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