Tax management for livestream sales activities is as follows:
E-commerce development:
Livestream sales on social networks have become a popular trend, attracting the participation of organizations and individuals (bloggers, tiktokers, influencers…).
Tax regulations:
– Business households/individuals doing livestream business:
- Must register, declare, pay taxes, and issue electronic invoices when providing goods/services.
- Revenue > 100 million VND/year: Pay VAT (5%) and personal income tax (2%).
– Individuals receiving income from livestream (commissions, advertising,…):
- Income from 2 million VND/time is subject to 10% personal income tax deduction.
– Organizations/businesses paying income from livestream:
- Responsible for deducting and declaring personal income tax before payment.
Propagate and coordinate implementation:
– It is recommended that local media agencies and organizations disseminate information to ensure proper implementation of tax laws.
– The dispatch emphasizes the need to comply with regulations to effectively manage e-commerce activities in the area.
