HCM City Department of Taxation has collected an tax arrears of VND1.5 billion (USD65,217) from a local man found to profit from Youtube.
According to the department, the person earned a total VND19 billion (USD826,000) during the 2016-2018 period. He, however, did not pay taxes.
Clips on his Youtube channel attract a large number of viewers and advertisements.
Over the recent years, the HCM City Department of Taxation has gathered tax arrears from lots of people who profit from online business activities.
In August last year, the department collected VND4.1 billion (USD164,000) in tax arrears and fines from a local man that earned VND41 billion (USD1.6 million) from Facebook and Google ads. He is a programmer whose game was viewed and downloaded on Facebook, Google and YouTube. He earned over VND41 billion from ads in 2016 and 2017 but didn’t make any declarations or pay taxes.
By the end of 2017, a cosmetic seller in HCM City had to pay tax arrears of VND9.1 billion for her business on Facebook.
Under the Law on Tax Administration, all business people, including those who do business online such as through Facebook, Google or YouTube, have to pay taxes.
For online business activities which earn from VND100 million (USD4,545) per year, owners are required to pay the taxes which account for 7% of this income.