The tax agency collected about 1,000 billion VND in tax money from individuals with advertising revenue from Facebook and Google in the last two years - that is information said by Mr. Dang Ngoc Minh, Deputy Director of the General Department of Taxation.
The tax agency collected about 1,000 billion VND in tax from individuals with advertising revenue from Facebook and Google in the last two years - that is information said by Mr. Dang Ngoc Minh, Deputy Director of the General Department of Taxation..
"This tax amount is determined based on data from Facebook and Google paid directly to individuals or through businesses with advertising activities," Mr. Minh said. In addition to some businesses and individuals self-declaring, many cases must go through tax management review to fulfill tax obligations.
According to the 2019 Tax Administration Law, tax authorities are allowed to exploit bank data of some individuals suspected of not having fully fulfilled their tax obligations, usually people who make money online. Decree 126, effective in December 2020, specifically guides the Law on Tax Administration and also allows tax authorities to hold identification data of bank account holders (including name, account number according to tax code, date of opening). and account closing date) of residents, is the first step to managing taxes more effectively.