Vietnam Tax Authority Instructs Banks to Deduct Tax on Payments to Certain Non-Registered Foreign E-Commerce Suppliers

Vietnam's General Department of Taxation issued Letter No. 6369/TCT-DNL on 31 December 2024, instructing 100 banks and intermediary payment service providers in Vietnam to notify their branches of the obligation to withhold and remit taxes on transactions involving certain foreign e-commerce suppliers. This includes foreign suppliers that have failed to register, declare, and pay tax in Vietnam…
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