Vietnam: Enforced Law on Tax Administration containing digital tax measures
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Description
Enforced Law on Tax Administration containing digital tax measures
Circular No. 80/2021/TT-BTC by the Vietnamese Government enforced the prescriptions of the Law on Tax Administration directed to e-commerce business, digital-based business, and other services of overseas suppliers that do not have a permanent establishment in Vietnam. The Circular provides the definitions of "E-commerce activity" and "Digital-based business", and obliges the targeted suppliers to register on an electronic portal of the General Department of Taxation to be able to pay taxes (in particular, the value-added tax and corporate income tax). The provisions will enter into force on 1 January 2022.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
Hide details
2020-10-19
adopted
2021-09-29
in grace period
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
cross-cutting
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
all goods (physical or digital): sale
Regulatory tool
Subordination under sales, use or value-added tax
Registration requirement
Sanctions
Determined by existing law or regulation
Regulated subjects
1