Tax revenues from organisations and individuals engaged in e-commerce and other digital economic activities reached VND74.4 trillion (approximately US$2.85 billion) in the first five months of 2025, representing a 55% increase compared to the same period in 2024, according to the Ministry of Finance.

VOV.VN - Vietnam will internalize additional tax and incentive policies to support the enforcement of the global minimum tax in early 2024, in order to prevent tax evasion and encourage foreign businesses to operate in the long term in the country, said Finance Minister Ho Duc Phoc.

The economic slowdown in Vietnam has led to a significant decline in personal income tax revenue.

E-commerce platforms may choose not to declare and pay tax on behalf of sellers, this is new information as per Circular 100 issued by the Ministry of Finance, replacing the previous Circular 40.

Nearly VND246.449 trillion (over US$10.7 billion) in taxes was collected for the State budget in the first two months of 2021, equivalent to 22.1% of the estimate, according to the General Department of Taxation.

Nearly VND1.279 quadrillion (US$55.3 billion) in taxes was collected for the State budget in 2020, almost VND24.35 trillion, or 1.9%, higher than the annual target and VND175.85 trillion more than the estimate reported to the National Assembly (NA).

Total tax collection in 2020 is estimated at over VND1.26 quadrillion (US$54.37 billion), equivalent to 100.6% of the estimate, Deputy Director of the General Department of Taxation Dang Ngoc Minh said on December 31.

Thirty biggest tax payers over the past three decades were honoured with certificates of merit during a ceremony in Hanoi on October 5.