Vietnam’s General Department of Taxation released Letter No. 6369/TCT-DNL, on 31 December 2024, instructing 100 banks and payment providers in Vietnam to notify branches to withhold and remit taxes on transactions of four foreign e-commerce suppliers: Agoda International Pte. Ltd., Airbnb Ireland Unlimited, Booking.com BV, and PayPal Pte. Ltd.
The Letter also includes foreign suppliers who have not fulfilled their obligations to register, declare, and pay taxes in Vietnam.
Earlier, the tax authorities launched a web portal in 2022 to help foreign e-commerce suppliers comply with the tax rules under Circular No. 80/2021/TT-BTC of 29 September 2021.