During the commentary process on the draft Law on Personal Income Tax (amended), many opinions proposed adding taxable income. In particular, the Hanoi People's Committee proposed to add revenue from voluntary donations for content creators on digital platforms to the personal income tax list.
Accordingly, the Hanoi People's Committee proposed to consider and supplement Clause 10, Article 3: "Income from voluntary donations for content creators on digital platforms".
According to the Hanoi People's Committee, the strong development of the digital economy has led to a rapid increase in the number of content creators on digital platforms such as YouTube, TikTok, Facebook, etc. This content creator can earn significant income from the voluntary donations of viewers through providing content, livestreams, videos, etc.
However, these incomes do not currently have specific regulations on income subject to personal income tax (PIT), leading to difficulties in tax management for this group of subjects. Therefore, it is necessary to consider adding income from voluntary support for content creators on digital platforms to the group of "other income" subject to personal income tax, to avoid loss of state budget revenue.
Responding to this content, the Ministry of Finance said that the determination of income needs to be based on the nature of income-generating activities. In case content creators on digital platforms for business purposes, they pay tax on business income according to regulations.
Article 7 of the draft Law has added regulations on tax rates for the provision of digital information products and services for entertainment, electronic games, digital films, digital photos, digital music, and digital advertising.
