Vietnam govt announces that it will collect taxes from Microsoft, TikTok and Netflix


Image from Vietnam News/ANN

HANOI, July 12 (Bernama): Many major foreign online service providers such as Facebook, Microsoft, TikTok, and Netflix have directly registered, declared and/or paid taxes online into the Vietnamese budget.

According to Vietnam News Agency (VNA), the General Department of Taxation reported that the tax revenue from cross-border goods and services through organisations in Vietnam declaring and paying on behalf of contractors reached 5.4 trillion VND (nearly US$235 million) from 2018 until June 29.

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