Uber Netherlands finalizes documents to declare and pay taxes to the State budget

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The Ministry of Finance worked with representatives of Uber Netherlands for guidance on declaration and tax payment of enterprise in Vietnam.

Regarding the recent press coverage on tax policy and tax administration of business activities of Uber in Vietnam, the Ministry of Finance worked with representatives of Uber Netherlands for guidance on declaration and tax payment of enterprise in Vietnam.

Accordingly, the Ministry of Finance requested Uber Netherlands to make contrat directly with businesses, organizations and individuals in the area of transportation (drivers). For business results, Uber Netherlands must declare tax payments according to revenues which the enterprise collects under the contract.

For revenues of individuals, Uber Netherlands shall carry out payment for drivers under a certain ratio, declare, and pay VAT deduction and personal income tax of drivers to the State budget.

In addition, enterprises and organizations contracting with Uber Netherlands must declare and pay taxes on the portion of taxable revenues under the provisions of tax law.

The Ministry of Finance also requested Uber Netherlands to declare and pay taxes to the State budget for business activities in Vietnam and assigned the Tax authorities to manage and provide information about organizations or individuals in the area of business transportation. Besides, Uber Netherlands may authorize organizations in Vietnam to declare and pay taxes to the State budget.

Earlier, on August 24, 2016, the Ministry of Finance issued an official Dispatch No. 11828 / BTC-CST to local Departments of Taxation of provinces and cities for guidance on tax policy and tax administration relating to the business operations of Uber Netherlands Limited Company in Vietnam.

Accordingly, when signing the contract with organizations and individuals in the area of business transportation in accordance with current law, Uber Netherlands Limited Company shall pay VAT at the rate of 3% on revenues and pay corporate income tax at the rate of 2% on revenues. Uber Netherlands Limited Company is entitled to authorize Uber Vietnam Limited Company or other organizations for declaration and tax payment.

For organizations cooperating with Uber Netherlands in the area of business transportation, they shall pay taxes on taxable revenues under the provisions of the Law on VAT and corporate income tax. For individuals cooperating with Uber Netherlands in the area of business transportation, they shall pay VAT on revenues they receive (not including revenues of Uber Netherlands) at a rate of 3%, and pay personal income tax at the rate of 1.5 % on revenues they are entitled to receive.

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According to the Ministry of Finance, Uber Netherlands is currently finishing records and legal documents to declare and pay taxes to the State budget under the guidance of the Ministry of Finance in the above dispatch.