Continued review of information regarding organizations and individuals selling goods via livestream on social platforms in Vietnam

Continued review of information regarding organizations and individuals selling goods via livestream on social platforms in Vietnam (Image from the internet)

On August 5, 2024, the General Department of Taxation of Vietnam issued Official Dispatch 3441/TCT-TTKT regarding the continuation of reviewing information for organizations and individuals selling goods via livestream on social platforms.

Continued review of information regarding organizations and individuals selling goods via livestream on social platforms in Vietnam

Specifically, on April 10, 2024, the General Department of Taxation issued Official Dispatch No. 1459/TCT-TTKT to Tax Departments of the provinces and cities: Hanoi, Ho Chi Minh City, Thai Nguyen regarding the transfer of information of several organizations and individuals earning income through the form of selling goods via livestream on foreign provider platforms such as YouTube, Facebook, TikTok, etc. (organizations, individuals selling goods via livestream) to the Tax Departments for review, verification, and processing in accordance with regulations. Concurrently, in the Official Dispatch, the General Department of Taxation also required all Tax Departments to implement comprehensive solutions to strengthen tax management for these organizations and individuals. Based on the implementation results of the Tax Departments, the General Department of Taxation requests the Tax Departments to:

- Review and compile a list of all organizations and individuals selling goods via livestream in their managed areas. Based on this, apply risk management principles in tax management to conduct file reviews at the Tax Agency's office as per regulations; in case of detected risks, conduct inspections and audits at the taxpayer's office as per regulations.

- Closely coordinate with relevant functional agencies to strictly manage these organizations and individuals, minimizing risks in tax management. In case of discovering organizations and individuals with signs of deliberate tax law violations through reviewing, inspecting, and auditing, transfer the files to the Police Agency for handling in accordance with the law. Simultaneously, continue to effectively cooperate on communication and press tasks regarding these organizations and individuals.

- In case of receiving requests from Tax Departments of other provinces and cities for cooperation in reviewing organizations and individuals with high incomes through the form of selling goods via livestream, the General Department of Taxation requests the Tax Departments to actively, seriously cooperate.

- The General Department of Taxation transfers lists of organizations and individuals selling goods via livestream to the Tax Departments. It requests the Tax Departments to contact the Inspection - Audit Department (Contact: Nguyen Quoc Nhat Minh, phone number: 091.571.9504, email: nqnminh@gdt.gov.vn).

See detailed content at Official Dispatch 3441/TCT-TTKT issued on August 5, 2024.

Principles of tax administration in Vietnam according to the Law on Tax Administration 2019

- All organizations, households, business households, and individuals have a duty to pay taxes as prescribed by law.

- Tax management agencies, other State agencies assigned tax management duties, shall implement tax management according to the provisions of this Law and other related legal provisions, ensuring publicity, transparency, equality and safeguarding the legitimate rights and interests of taxpayers.

- Agencies, organizations, and individuals are responsible for participating in tax management according to the provisions of law.

- Implement administrative procedure reform and apply modern information technology in tax management; apply tax management principles according to international practices, including the principle that the nature of activities and transactions determines tax obligations, the principle of risk management in tax management, and other principles appropriate to the conditions of Vietnam.

- Apply priority measures when carrying out tax procedures for exported and imported goods according to the provisions of customs and the Government of Vietnam regulations.

(Article 5 of the Law on Tax Administration 2019)

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE