Controlling tax risks when doing e-commerce business

On the morning of August 2, 2024, in Hanoi, the Vietnam Tax Advisory Council (VTCA) in collaboration with the Vietnam Electronic Commerce Association (VECOM) and the Joint Stock Company MISA (MISA) organized the Forum on Tax Risk Control in E-Commerce Business aiming to accompany e-commerce business units, households and individuals with knowledge and experience to fulfill their tax obligations according to regulations.

Mr. Nguyen Ngoc Dung - Chairman of the Electronic Commerce Association made his opening speech

Speaking at the opening ceremony, Mr. Nguyen Ngoc Dung - Chairman of the Electronic Commerce Association (VECOM) shared: "Taking advantage of the difficulties faced by households and individuals engaged in e-commerce business in Vietnam regarding tax declaration and payment, VECOM joined forces with VTCA and MISA organizing workshops to support the provision of knowledge, legal regulation and technological solutions that help households, individuals and businesses ensure compliance with tax laws.

Ms. Ding Thi Thuy - Director General of MISA

Ms. Dinh Thi Thuy - General Director of MISA - representing a technology enterprise specialized in providing financial and accounting solutions, said: "As a technological enterprise with strong financial-accounting strengths, MISA is committed to connecting experts, professional tax advisory units as well as developing technology solutions that help households and individuals meet their tax obligations according to the regulations of the Tax Agency".

Ms. Nguyễn Thị Cúc - Chairman of the Vietnamese Tax Advisory Council

At the meeting, Ms. Nguyen Thi Chuc - President of VTCA affirmed that along with the development economic This is a great opportunity for brands to increase revenues and promote the general economy of society as a whole. Ms Cúc noted that households and individuals engaged in e-commerce must comply with tax filing obligations, self-declare, self-calculate, self-submit and be responsible for their statistical data.

Nguyen Lam Thanh is the representative of TikTok Vietnam.

Mr. Nguyen Lam Thanh is the representative of TikTok VietnameseOn that basis, Mr. Thanh also highlighted some tax issues of particular concern to Sellers and Content Creators such as: The taxes payable by the Seller and Creator when earning revenue from TikTok Shop; Responsibility of Sellers and content creators for personal income tax from affiliate marketing activities. .

Ms. Bui Thi Trang - Director of the Service Accounting Platform, Joint stock company MISA

Sharing about MISA's technology solution for households, individuals and e-commerce businesses, Ms. Bui Thi Trang - Director of the Service Accounting Platform Block, MISA Joint Stock Company said: Based on the process of understanding and grasping the difficulties of households, individuals trading on e-commerce platforms in implementing tax obligations, MISA has developed a comprehensive solution that connects directly to electronic commerce platforms, synchronizes data into sales software for managing goods, inventory and revenues from multiple channels, integrates with electronic invoices, digital signatures and accounting software. For households that do not yet have an accounting department and individuals who face difficulties in filing and paying taxes, MISA developed the MISA ASP Service Accounting Platform to help connect with reputable tax agents and accounting services for tax advice on a case-by-case basis, helping control risk and data ownership throughout even when hiring accounting services. Some photos from the conference:

PV