Hanoi tightens e-commerce management

May 8th at 07:59
08-05-2024 07:59:08+07:00

Hanoi tightens e-commerce management

The Hanoi Tax Department has a plan for inspections and audits on e-commerce in 2024, with more than 2,300 organizations and individuals as targets.

A database of more than 320 e-commerce business owners, 54 registered e-commerce platforms, and over 16,500 business households has been built by the Hanoi Tax Department. The system has about 110,000 bank accounts and over 591,200 identified businesses, said Vu Manh Cuong, Director of the Hanoi Tax Department.

"This is a way of accurately determining the tax obligations of taxpayers," he emphasized at a conference on the subject last week.

The Hanoi Tax Department has focused on digitizing tax administration for e-commerce activities. Photo: Thanh Hai

Build a database for e-commerce businesses

The transition from traditional to digital platforms is becoming increasingly widespread and is considered to be an effective solution for organizations and individuals to expand their business activities. In line with this trend, the Hanoi Department of Taxation has taken the initiative in tax management measures and has become one of the leading government agencies in the country in successfully executing Project No. 6 on the development of the application of population data, identification and electronic authentication.

The department successfully synchronized data between citizens' ID cards and personal tax identification numbers, achieving an accurate match rate of 92.76% with data from the Ministry of Public Security, Cuong said.

The director of the Hanoi Tax Department also said that since late 2023 and early 2024, they have been focusing on digitizing tax management for e-commerce activities, following the guidance of the Ministry of Finance and the General Department of Taxation.

Identification and location of organizations and individuals, as well as transaction and e-commerce entity data, are regularly and continuously updated.

Revenue enhancement through inspections and audits

To prevent fiscal losses in e-commerce business activities, the Hanoi Department of Taxation has a plan for inspections and audits with a focus on e-commerce in 2024, targeting a total of 2,342 organizations and individuals, of which 1,749 have been audited.

"As a result, some 921 organizations and individuals have paid tax arrears of VND104 billion (US$4.1 million), denied deductions of VND43 billion (US$1.7 million), and the tax department has prevented losses of VND59 billion (US$2.3 million)," the director said.

In Hoan Kiem, a district at the forefront of administrative reform and digital transformation with a thriving e-commerce business, the city's Department of Taxation is piloting an initiative to manage taxes for e-commerce activities in the city.

Based on the results of the pilot implementation, the tax management for e-commerce activities will be extended to the whole city, leading to the development of a city-level project on tax management for e-commerce activities throughout Hanoi.

Cuong added that to further improve tax management for e-commerce, the department will continue to apply information technology and build an e-commerce database to support tax officials in accessing taxpayer identification information.

"In addition, we will strengthen communication methods and electronic support for tax filing and payment, and aim to establish virtual tax agencies and virtual tax support units on e-commerce platforms to maximize electronic tax filing," he said.

Hanoi Times





NEWS SAME CATEGORY

New law on industrial parks proposed to lure in high quality investment capital flow

The Ministry of Planning and Investment (MPI) has proposed developing a law on industrial parks, aiming to create flourishing conditions for Việt Nam to build large...

Foreign, domestic investment in Bà Rịa-Vũng Tàu rises sharply

Foreign and domestic investment in the southern province of Bà Rịa-Vũng Tàu stood at almost US$1.63 billion and over VNĐ25.93 trillion ($1 billion) during the first...

Bắc Ninh Industrial Parks attract nearly $1 billion in investment in first four months of 2024

Bắc Ninh Industrial Parks attracted a total of US$997.1 million in foreign direct investment (FDI) capital and over VNĐ3.6 trillion in domestic capital in the first...

FDI takes on innovation focal point

Nearly 40 years since opening the doors to the wider world, Vietnam’s development has witnessed great strides with major contributions from foreign investment...

Key driver gains a must for growth

Only slight order number improvements and enterprise confidence sentiment mean it may be difficult for the country to hit its desired growth goals this year.

Việt Nam no longer ADF’s beneficiary: a good sign for the economy

Việt Nam's ineligibility for ADB's Asian Development Fund (ADF) 14 is a positive indication for the country, given its already high income level, said Tomuyuki...

Vietnam improves readiness to attract foreign investment: official

Việt Nam has been applying itself to making institutional, infrastructure, and manpower improvements in efforts to attract more foreign investment, especially in...

Upcoming Law on industrial park – Vietnam’s passage to attract new foreign investment wave

Industrial parks are crucial for attracting domestic and foreign investment projects, particularly leading global corporations.

Q2/2024: Hanoi businesses expect better performance

Local companies are urged to strengthen their management and financial capabilities for sustainable operations, improved growth and enhanced competitiveness.

Retail sales, services revenue up 8.5 per cent in four months

Retail sales and services revenue in the first four months of this year totaled VNĐ2.06 quadrillion (US$81.06 billion), up 8.5 per cent year-on-year, the General...


MOST READ


Back To Top