The truth about e-commerce transactions being taxed at 10%

The news that e-commerce transactions are taxed at 10% is causing confusion among the public. In fact, the tax regulations for this sector are completely different.

Ms. Thu Thao (Cau Giay District, Hanoi ), an office worker who often shops online, shared: "I see many articles saying that just transferring money with the content "BUY - SELL" will result in an additional 10% tax. This information makes me very worried because my family often makes online transactions."

Similarly, Mr. Hoang Nam (owner of an e-commerce store in Ha Nam ) also expressed his concern: "If customers misunderstand and are afraid to transfer money, we will have difficulty in doing business. In fact, such information has a huge impact."

On the evening of January 9, speaking to Lao Dong, a professional officer of the tax administration agency said that there is no regulation requiring the collection of 10% tax on e-commerce transactions. This information spread on social networks is not true.

Currently, e-commerce transactions (except digital information content services) are subject to a tax rate of 1% value added tax (VAT) and 0.5% personal income tax (PIT), calculated on the seller's revenue. Importantly, the buyer does not have to pay any additional tax from the transaction.

There is no regulation requiring the collection of 10% tax on e-commerce transactions. Photo: Hai Danh.

This professional officer emphasized that organizations and individuals doing business through e-commerce need to declare and pay taxes in accordance with regulations. In case of late or incomplete declaration, taxpayers will be subject to penalties according to the law.

People are also advised to verify information from reliable sources to avoid being confused by inaccurate content on social networks.

Source: https://baoquangninh.vn/su-that-chuyen-giao-dich-thuong-mai-dien-tu-bi-thu-thue-10-3338957.html