Facebook to charge 5 pct tax on Vietnam ads

Facebook to charge 5 pct tax on Vietnam ads

Trung cấp

Technology

May 26

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After guaranteeing the authorities that it would meet its tax commitments
, Facebook parent Meta will collect a 5% value added tax
 on all Vietnamese advertising beginning June 1.
Meta executives assured Prime Minister Pham Minh Chinh last week that the company will register as a foreign contractor
 doing business in Vietnam and pay taxes.
Authorities have been pressing for cyber behemoths
 like Meta and Google to be properly taxed, pointing out that they account for around 70% of the online advertising industry
 yet employ various methods to avoid paying taxes. Between 2018 and last year, they charged cross-border platforms
 for a total of VND5 trillion ($218.5 million).
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Từ vựngVOCAB 1/6
 tax commitments 
cam kết thuế
a 5% value added tax 
thuế giá trị gia tăng 5%
a foreign contractor 
một nhà thầu nước ngoài
cyber behemoths 
người khổng lồ mạng
the online advertising industry 
ngành quảng cáo trực tuyến
cross-border platforms  
nền tảng xuyên biên giới
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Quiz﻿
When will the change begin?
Cyber behemoths account for how much of the online advertising industry?
What's the name of Facebook's parent company?