Vietnam collects taxes from Microsoft, TikTok, Netflix ...Middle East

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Vietnam collects taxes from Microsoft, TikTok, Netflix
HANOI: Many major foreign online service providers such as Facebook, Microsoft, TikTok, and Netflix have directly registered, declared and/or paid taxes online into the Vietnamese budget.According to Vietnam News Agency (VNA), the General Department of Taxation reported that the tax revenue from cross-border goods and services through organisations in Vietnam declaring and paying on behalf of contractors reached 5.4 trillion VND (nearly US$235 million) from 2018 until June 29.The average revenue is about 1.2 trillion VND per year, with the average revenue growth rate at 130 per cent.Since the portal’s opening for foreign suppliers on March 21, many large foreign suppliers have registered to

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