Netflix, Apple rebuked by Vietnam over lack of tax payments
The HinduVietnam's information minister on Tuesday accused foreign streaming companies like Netflix and Apple of skirting their tax responsibilities, saying it would create unfair competition for domestic firms. Foreign streaming firms, which have combined revenues of nearly one trillion dong from one million subscribers, according to the information and communications ministry, have never paid tax in Vietnam. “We are supportive of the implementation of a mechanism that will make it possible for foreign service providers like Netflix to collect and remit taxes in Vietnam,” a Netflix spokesperson said in the statement. Hung said the information ministry, finance ministry and tax department were working to facilitate tax collection by calculating foreign streaming firms' revenues in Vietnam since their entry into the market.
History of this topic
Vietnam orders Netflix to stop advertising, distributing its games
Hindustan TimesDiscover Related
