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social media business

Latest news related to social media business

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Tax industry wants e-commerce platforms to provide seller revenue

The Ministry of Finance is proposing that e-commerce platforms, delivery units... provide revenue information of online sellers for taxation.

An individual was fined and had to pay 4.1 billion VND in arrears due to income from Facebook and Google.

Because he received more than 41 billion VND from Facebook and Google in 2 years but did not declare and pay taxes, an individual was charged and fined 4.1 billion VND by the Ho Chi Minh City Tax Department.
How to calculate and declare taxes when doing business on social networks

The Tax Department has begun collecting taxes from individuals and businesses with sales revenue from social networks (Facebook, Zalo...) of over 100 million VND/year. In order for people and businesses to strictly fulfill this obligation, the Ho Chi Minh City Tax Department has sent out notices on how to declare and calculate taxes for people and businesses to understand.

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