Data collected on more than 300 companies that own e-commerce platforms

May 14th at 10:03
14-05-2024 10:03:47+07:00

Data collected on more than 300 companies that own e-commerce platforms

The Hà Nội Tax Department has built a database of over 320 companies that own e-commerce platforms.

A seller uploads product information onto an e-commerce platform. — VNA/VNS Photo

The trend of converting from traditional business to digital platforms is becoming increasingly popular and is considered an effective solution to help organisations and individuals expand and develop production and business activities, said Vũ Mạnh Cường, director of the Hà Nội Tax Department.

The municipal tax department has proactively implemented tax management solutions for this activity and is one of the leading units nationwide in successfully implementing the Government's Project 06 on developing applications for data on population, identification and electronic authentication.

To date, the data matching rate with the Ministry of Public Security (MPS) has reached over 92 per cent, Cường said.

The tax authority has focused on tax management for e-commerce activities towards digitalisation from the end of last year and early this year.

Identification and positioning of organisations and individuals, data information about transactions and e-commerce business objects are updated regularly and continuously.

The tax department is the first unit to match information between citizen identification cards of individuals doing business on e-commerce platforms with tax codes and has built a database of information on bank accounts, revenues, tax rates and cash flows of organisations and individuals that generate income from e-commerce business activities, correctly determining the taxpayer's obligations.

To prevent budget revenue loss from e-commerce business activities, right from the beginning of the year, the Hà Nội Tax Department has developed an inspection plan for e-commerce topics in 2024 for a total of 2,342 organisations and individuals.

Initial results, the tax department has reviewed and made decisions and notified 1,749 organisations and individuals according to the inspection process.

More than 900 organisations and individuals have been handled. As a result, revenue increased by VNĐ104 billion (US$4.25 million), deductions reduced by VNĐ43 billion, and losses decreased by VNĐ59 billion. 

Bizhub





NEWS SAME CATEGORY

Businesses urged to go green, participate in carbon credit market

Businesses need to have solutions and roadmaps to improve their competitiveness and innovate technology for green and sustainable production, thereby creating...

Việt Nam's data centre sector is attractive to foreign investors

Việt Nam's data centre market is attracting foreign investors due to high demand, according to JLL's comprehensive market report on Việt Nam’s data centre sector.

Improving operational model critical to promote co-operatives

Improving the operation model of co-operatives is critical to promote the development of the collective economy and extend their reach to the global level, experts...

Number of large FIEs in Vietnam almost doubles from 2022

The rate of entry into Vietnam of small FIEs is decreasing, while those with a workforce ranging between 501 and 1,000 almost doubled between 2022 and 2023.

Key economic pillars show positive growth

Việt Nam's economy has gone through one-third of the 2024 yearly plan and achieved some remarkable results, showing clear recovery momentum through the growth of...

Economic experts mull over best way to aid growth

Financial experts are weighing up the best options for Vietnam to support the country's still nascent economic growth and ensure financial market stability.

Vietnam, Australia work toward sustainable development of trade

Vietnamese Ambassador to Australia Phạm Hùng Tâm has received a delegation from the Australia Vietnam Business Council (AVBC), discussing ways to step up bilateral...

​Vietnam aims to boast at least 10 US dollar billionaires by 2030

By 2030, at least 10 Vietnamese entrepreneurs will make it onto the global list of U.S. dollar billionaires, with five of them being recognized as the most...

US Department of Commerce holds hearing on designating VN as a market economy

The US Department of Commerce held a hearing lately to discuss the potential designation of Việt Nam as a "market economy", according to Reuters.

Retail pricing conflicts set to persist

Businesses in areas such as retail and food and beverages are looking at different strategies to retain budget-conscious customers amidst the shrinking demand...


MOST READ


Back To Top