Tax revenue from E-commerce in 2023 will reach more than 8,600 billion VND
In 2023, tax revenue from e-commerce, both domestic and foreign, will reach over 8,632 billion VND. After 1 year of forcing e-commerce platforms to provide information, in 2023, there were 357 e-commerce platforms providing information to tax authorities. Since then, the amount of tax declared by businesses and individuals with e-commerce activities has also increased.
According to incomplete statistics of the General Department of Taxation, in 2023, the amount of tax collected from e-commerce, including both domestic and foreign, is VND 8,632.5 billion.
The above numbers show that tax management solutions for e-commerce are effective, especially in tax management for individuals selling through social networking sites.
In addition, in 2024, the General Department of Taxation will continue to research and propose amendments and supplements to the Tax Administration Law, Tax Law and sub-law documents related to e-commerce business activities such as: owners of e-commerce trading floors, foreign suppliers without fixed business establishments in Vietnam, shipping units, banks, payment intermediaries...
At the same time, continue to promote propaganda and support for taxpayers, especially focusing on taxpayers who are individuals doing e-commerce businesses, e-commerce floor owners, and foreign suppliers in fulfilling their obligations. tax service according to regulations.
Total revenue on 5 Vietnamese e-commerce platforms increases by 53.4% in 2023
According to data from the Department of E-Commerce and Digital Economy, Vietnam's e-commerce grew by 25% and is among the top in the world. A report from Metric said that in 2023, the total revenue of Vietnam's e-commerce market will reach 498,868 billion VND, of which revenue on 5 e-commerce platforms in Vietnam: Shopee, Lazada, Tiki, TikTok Shop, Sendo will reach 232,134 billion VND, an increase of 53.4% compared to 2022.
In particular, in the last 2 quarters of the year, the highest growth rate reached 89.9% in September, this was also the month with the highest revenue of the year with 21.1 trillion VND on all 5 major online retail platforms. best in Vietnam. The period from August onwards is the time when consumers start shopping the most.
After 6 years of development of the e-commerce market in Vietnam, the leading industries in terms of revenue and sales volume are beauty, home - life and women's fashion. Thus, despite experiencing many difficulties in the context of the economic crisis, even though many sellers had to leave the exchange, Vietnam's e-commerce industry still grew dramatically in the past year. This is a positive signal, promising an even more booming year 2024 for the entire industry.
