Temu is subject to tax like Google, Facebook

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Deputy Prime Minister of the Government Ho Duc Phoc said that Temu is subject to tax payment like Google, Facebook... If it does not pay, it will be inspected and handled.

Talking to the press about the issue of tax collection with e-commerce platforms, including Temu, on the sidelines of the National Assembly's group discussion on the morning of October 26, Deputy Prime Minister and Minister of Finance Ho Duc Phoc called the leader of the General Department of Taxation, requesting an immediate tax review with Temu.

Deputy Prime Minister of the Government and Minister of Finance requested the leaders of the General Department of Taxation to immediately and first review, issue documents urging and requesting tax declaration and payment, and immediately collect statistical data.

Mr. Ho Duc Phoc said that the General Department of Taxation is checking data and requesting tax declaration and payment; in case of non-payment, inspection and handling will be organized.

According to the Deputy Prime Minister of the Government, there are currently 102 units registered to pay taxes, including many large enterprises such as Google, Facebook, Microsoft... subject to tax payment.

"Like in Hanoi recently, 33 trillion VND in taxes were collected," said Deputy Prime Minister of the Government.

The Deputy Prime Minister of the Government also emphasized that, in the face of the rapid development in the era of technology, especially artificial intelligence AI, we are forced to adapt quickly and keep up with the trend of the times, otherwise we will fall behind and be left behind.

"Even the four general departments, we are directing to establish groups to research artificial intelligence for application," said Mr. Ho Duc Phoc.

Meanwhile, discussing in the group, delegate Hoang Van Cuong (Hanoi City Delegation) was concerned about the problem of cheap goods flooding into Vietnam through e-commerce channels.

Referring to the Temu e-commerce platform (China) which has recently been advertising heavily and selling products at low prices, he said that this is a "big warning" that needs attention in the current consumer sector. Because if there is no control solution, consumers will buy products through cheap e-commerce channels that are not quality controlled, affecting the domestic market.

In addition, there is a risk that cheap goods will eliminate domestically produced goods. Delegate Hoang Van Cuong suggested that state management agencies should take immediate action to address this issue.

Delegate Hoang Van Cuong suggested that it is necessary to strengthen control over the quality of goods on e-commerce to protect consumer rights, as well as protect domestic manufacturing industries from the "storm" of cheap goods.

Recently, products on the Temu e-commerce platform have flooded into Vietnam and are being sought after by young people because of their “super cheap” prices, with some products even being almost given away. Selling products too cheaply has made many experts worry that it will affect the domestic market.

Regarding this issue, a representative of the Ministry of Industry and Trade said that Temu is a cross-border e-commerce platform with Vietnamese language and is subject to Decree No. 52/2013 dated May 16, 2013 of the Government on e-commerce (amended and supplemented by Decree No. 85/2021).

The Department of E-commerce and Digital Economy said that on October 24, Temu sent an official document to the Department of E-commerce and Digital Economy regarding the implementation of requirements to comply with Vietnamese e-commerce laws when entering the market.

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