**Vietnam Proposes New E-Commerce Tax Deductions for Digital Sellers**
Vietnam is currently consulting on new tax regulations that could significantly impact e-commerce sellers operating on digital platforms. The proposed changes aim to introduce Value Added Tax (VAT) and income tax deductions for both resident and non-resident sellers engaged in online commerce within the country.
As the e-commerce market in Vietnam continues to grow rapidly, the government recognises the need to update tax laws to reflect the digital economy’s expanding role. These proposed deductions are part of a broader effort to encourage compliance while supporting the development of the e-commerce sector.
Under the new proposals, sellers on digital platforms could benefit from reduced VAT and income tax obligations. This initiative is expected to make Vietnam’s e-commerce market more attractive to international sellers and investors, fostering greater competition and offering consumers a wider range of products and services.
For digital platforms and marketplaces, these changes may require adjustments to tax reporting and compliance processes. It is essential for businesses affected by these proposals to stay informed and prepare for potential legislative updates.
The consultation process provides an opportunity for stakeholders to contribute feedback on the proposed tax rules before they are finalised. Sellers, platforms, and other interested parties are encouraged to participate and share their perspectives on how these changes could impact their operations.
Vietnam’s move to reassess its e-commerce tax policies reflects a global trend of governments adapting to the complexities of the digital economy. By proposing VAT and income tax deductions, Vietnam hopes to balance the need for revenue with the goal of nurturing its burgeoning e-commerce industry.
Source: Vietnam e-commerce tax rules under consultation for new changes
Author: Victoria Semenchenko
