eCommerce needs better legal framework

HANOI: The fast-growing eCommerce 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.

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