Not feasible for e-commerce floors to declare and pay taxes for sellers: Vecom The association has just released a statement on new regulations related to e-commerce in Circular 40/2021/TT-BTC, which guides value added tax, personal income tax and tax administration for business households and individuals. The circular was issued on June 1 and will take effect from August 1 to replace Circular 92/2015/TT-BTC. The circular stipulated that commerce trading floors are responsible for declaring and paying tax on behalf of individuals doing business selling goods and services. The amount of tax declared or paid is based on the tax rate of each field of business. Circular 40 had many new contents compared to the draft first published March 12, but the drafting board had not yet collected comments from stakeholders and those directly impacted, Nguyen Ngoc Dung, Vecom vice chairman told a meeting last week. Representatives of some units said that the e-commerce … [Read more...] about VIETNAM BUSINESS NEWS JUNE 22
