Recently, public opinion has been very interested in tax management for cross-border e-commerce platforms operating in Vietnam. Especially the new platforms that have appeared and are being advertised heavily on social networking platforms in recent times, typically the Temu platform owned by Elementary Innovation Pte. Ltd.

The General Department of Taxation ( Ministry of Finance ) said that on September 4, 2024, the Temu e-commerce platform was registered for tax by the owner company through the General Department of Taxation's Foreign Supplier Portal and was granted tax code number: 9000001289.

Regarding the deadline for tax declaration and payment, the General Department of Taxation said that according to the provisions of Circular No. 80/2021/TT-BTC, Temu exchange will start submitting declarations from the third quarter of 2024 (the deadline for tax declaration is October 31, 2024) to declare revenue from the time of starting operations in Vietnam. Thus, according to the regulations, in October 2024, the exchange will generate taxable revenue and will declare revenue in the fourth quarter of 2024 tax declaration period, the deadline for submission is January 31, 2025 if licensed to operate by the state management agency, the Ministry of Industry and Trade .

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E-commerce platforms operating in Vietnam are all strictly licensed and tax-managed, but also create maximum convenience for taxpayers by registering, declaring and paying taxes on the tax sector's e-portal platforms.

The General Department of Taxation affirms that tax management for both domestic e-commerce platforms and cross-border e-commerce platforms operating in Vietnam is strictly managed by the Vietnamese tax authority, ensuring correct, full, fair and transparent collection in accordance with Vietnam's tax laws.

At the same time, the General Department of Taxation also continues to strengthen the dissemination of tax policies to entities, especially new entities with production and business activities in Vietnam, to create the most favorable conditions for them to feel secure in production and business and contribute tax obligations to the State budget.

Quoc Tuan