Vietnam e-commerce needs better legal framework to prevent tax loss: insiders

Products sold on the e-commerce platforms Lazada are sorted by workers. - VNA/VNS

HANOI (Vietnam News/Asia News Network): The fast-growing e-commerce sector is making big money but its tax payments are not commensurate with its revenues, exposing the need for a better tax policy to prevent losses, according to insiders.

Nguyễn Thị Lan Anh, Director of the Tax Administration Department for Small and Medium Enterprises, Business Households and Individuals, said the Ministry of Finance has launched a digital tax portal for foreign service providers (FSP) and an eTax Mobile app for individuals to facilitate tax collection.