Vietnam: Tax revenue from Google, Youtube, Facebook reaches US$49.5 million in 2020


Due to the impact of the COVID-19 pandemic, digital economy business activities recorded very rapid development. - The Vietnam News/ANN

HANOI, Feb 7 (Vietnam News/ANN): Tax revenues from online advertising business models of foreign organisations that do not have legal entities in Việt Nam like Google, YouTube or Facebook hit VNĐ1.14 trillion (US$49.5 million) last year, reported the General Department of Taxation.

The value-added tax was VNĐ519 billion and corporate income tax VNĐ624 billion.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Tennis - Australian Open to provide platform for pickleball, one of the fastest growing sports, from 2025
Death toll in attack on Christmas market in Germany rises to five and more than 200 injured
Sumo wrestler Hiyori Kon brings sport to Argentina, fights for women’s place in the ring
Aukus, other China-related priorities likely to survive Trump, top US envoy says
Thailand's Air Force deploys F-16s as unidentified aircraft seen near Thai-Myanmar border
Asean News Headlines at 10pm on Saturday (Dec 21, 2024)
Popular Chinese actress, director Joan Chen’s past as dishwasher in US sparks lively debate online
Numbers down as registered live births in Philippines decrease by 17.2 per cent in past decade
Vietnam distinguishes itself as one of fastest-growing economies in East Asia-Pacific, says World Bank
Man in Singapore jailed for assaulting his father and molesting a woman in separate incidents

Others Also Read