Integrated management on cross-border e-co妹妹erce needed

In recent years, Việt Nam has seen the a rapid boom of companies specialising in e-co妹妹erce, especially in Hà Nội and HCM City. - Photo expertbeacon.com

HÀ NỘI – Cross-border e-co妹妹erce management should be integrated and synchronous to ensure equality and transparency, said Phan Đức Hiếu, deputy director of the Central Institute for Economic Management (CIEM).

Hiếu told a conference on management policies on cross-border e-co妹妹erce services held in Hà Nội yesterday that management should clarify the essence of e-co妹妹erce transaction floors. The conference aimed to discuss how to regulate websites and applications providing cross-border e-co妹妹erce services.

“Investors in foreign countries have more advantages than local firms. Therefore, State management agencies should have solutions to ensure equality, order and transparency while not restricting business activities,” he added.

In recent years, Việt Nam has seen the a rapid boom of companies specialising in e-co妹妹erce, especially in Hà Nội and HCM City. The two cities have highest turnover of online advertisement and shopping in the country. However, tax collection from the e-co妹妹erce businesses has not been equal to real turnover.

Tax agencies in the cities found and collected several hundreds billion đồng of tax evasion from e-co妹妹erce firms after investigations.

Tax agencies have faced difficulties in clarifying turnover, costs and incomes on e-co妹妹erce activities to manage the tax collection in comparison with traditional firms.

Experts also discussed tax policy, specifically the difference between electronic tax payment and tax exemption for the e-co妹妹erce businesses. Nguyễn Thị Cúc, former director of the General Taxation Department and chairwoman of Tax Consultancy Association, said management and investigations in cross-border e-co妹妹erce sectors have seen challenges, requiring a more complicated process than normal firms.

Cúc said investigations and check-ups need support from credit organisations and relevant agencies to define payment flows. He added that the process should impliment transaction numbers as a foundation for determining tax arrears. -- VNS