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Wednesday, January 27, 2021, 18:12 GMT+7
An office worker watches a video on YouTube. Photo: Ngoc Phuong / Tuoi Tre
E-commerce operations on cyber platforms, namely Google, Facebook and YouTube, are making as much as eight-digit income a year in U.S. dollars for certain individuals in Hanoi, according to 2020 tax return details from the Hanoi taxman.
E-commerce is seeing a boom in the world and Vietnam alike, according to Mai Son, the leader of the municipal Department of Taxation.
In 2020, the Hanoi tax office collected VND123 billion (US$5.3 million) from e-commerce operations in the capital, a fivefold increase from the 2019 figure.
“Taxpayers in e-commerce sectors are mostly individuals, one of whom contributed over VND23 million [$1 million] in tax for e-commerce operations,” Son revealed.