Tax collections from Meta, Google, TikTok soar

By Quynh Trang   October 9, 2023 | 09:47 pm PT
Tax collections from Meta, Google, TikTok soar
The Google sign is shown on one of the company's office buildings in Irvine, California, U.S., October 20, 2020. Photo by Reuters
Sixty-seven cross-border digital platforms, including Meta, Google, TikTok, and Microsoft have paid taxes of VND5.8 trillion (US$241.7 million) so far this year compared with VND3.5 trillion for 2022.

The General Department of Taxation said it would urge other foreign service providers who have yet to declare and pay taxes to do so, and upgrade its electronic information portal to facilitate online payment.

As of Sept. 18 some 350 e-commerce platforms had provided tax authorities with information about 191,000 organizations and individuals that did a total of VND44.5 trillion worth of business through them.

Tax collections in the first nine months stood at VND1,050 trillion, down 5% from the same period last year, according to the department.

Taxes on crude oil were down 20% at VND46 trillion.

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