Business activities in social network must pay tax

The social network that have one of the operation forms, such as allowing attendances to open stalls in there to show, introduce commodities, services; allowing attendances to create sub-sites to show, introduce commodities, services, or websites having selling categories that allowing attendances to post information of trading commodities, services, must register with Ministry of Industry and Trade, under the form of e-marketplace.

Ministry of Industry and Trade promulgated Circular No. 47/2014/TT-BCT stipulating on the management e-commerce websites. Accordingly, from Jan. 20, 2015, Trader who create website to sell commodity, service that in the list of trading restriction or trading under conditions, must publicize the number, date of issue, place of issue of certificate of satisfaction on business conditions for that commodity or service on the website.

Circular 47/2014/TT-BCT, which will be effective starting January 20, 2015, will replace the existing regulations, 12/2013/TT-BCT and 2/2013/ND-CP, signed in 2013.

Reported by S.TRA – Translated by A.C