Google, Meta, Microsoft, TikTok... paid nearly 2,800 billion VND in taxes in February 2025

Google, Meta (Facebook), Microsoft, TikTok, Netflix, Apple... paid 2,791 billion VND in taxes in February 2025.

Google, Meta (Facebook), Microsoft, TikTok, Netflix, Apple... paid 2,791 billion VND in taxes in February 2025.

According to information from the Tax Department (Ministry of Finance), the total revenue in February 2025 managed by the Tax authority reached VND 192,360 billion, equal to 11.2% of the estimate, equal to 170.1% over the same period (of which: Revenue from crude oil was VND 4,454 billion, equal to 8.4% of the estimate, equal to 91.1% of the same period in 2024; Domestic revenue was VND 187,905 billion, equal to 11.3% of the estimate, equal to 173.7% of the same period in 2024).

Notably, in February 2025 alone, 130 foreign suppliers registered for tax via the electronic portal and paid an estimated tax amount of VND 2,791 billion, equal to 1/3 of the total revenue of enterprises in the previous year.

In 2024, the tax authority collected VND8,687 billion in taxes from foreign service providers. The list of foreign providers that have declared and paid taxes includes Google, Meta (Facebook), Microsoft, TikTok, Netfix, Apple...

Google, Meta (Facebook), Microsoft, TikTok, Netflix, Apple...paid 2,791 billion VND in February 2024

As of the end of last year, major providers such as Meta (Facebook), Google, Microsoft, TikTok, Netflix, Apple... held about 90% of the market share of revenue from cross-border e-commerce services in Vietnam.

Regarding the implementation of electronic tax registration and payment services via the Etax Mobile application, to date, there have been nearly 3 million downloads, installations and uses (an increase of 33.7% compared to the end of 2024), over 5 million transactions with a payment amount of VND 10,351 billion.

In the first two months of the year, the authorities conducted 8,339 tax inspections and audits . The proposed amount of handling was VND13,370 billion . In addition, the agency issued 3,327 value-added tax refund decisions with the refunded amount of VND25,716 billion .