THE TAX INDUSTRY WANTS TO "TOUCH" ONLINE BUSINESSES

16:55:3101/06/2021

Online business is leading the trend, bringing huge income to many people. With just a phone or computer, and a little skill in speaking, anyone can become a boss or mistress.

Online business is leading the trend, bringing huge income to many people. With just a phone or computer, and a little skill in speaking, anyone can become a boss or mistress.

 

There are many business households that have long registered for tax in the form of flat tax payment. The tax authority has taken possession of the business location and warehouse, but the reflected revenue may not be complete. Therefore, Department leaders evaluate information from e-commerce platforms as a reliable source for tax authorities to adjust taxpayers' revenue, thereby collecting taxes more accurately and fully.

As for individuals doing business on social networks such as Facebook, local tax authorities exploit data published on sales pages and fanpages to determine the identity of individuals doing business online, thereby finding ways to collect taxes.

According to Management Law No. 38, a business household is considered a large household if it meets the criteria of small and micro enterprises with a turnover of 3 billion or more (for commerce) and 10 billion or more (for products). export) or households that need to use invoices regularly. Currently, large households also account for about 6-7% of the total number of 2 million business households nationwide.

Tax leaders said that for a long time, many business households have been taking advantage of the form of business households to legalize input invoices for businesses or smuggled goods. Therefore, the tax industry must tighten this loophole by changing the form of tax declaration.

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