The YouTuber was found to have shown signs of not paying taxes even though his advertising income has reached more than 11 billion VND.
Recently, Lao Dong Newspaper reported on a case in Quang Ninh that was discovered by the police as tax evasion. That is the case of the owner of the YouTube channel TC TV named D.VT, currently living in Dam Ha district, Quang Ninh province. The owner of this channel was identified by the police as showing signs of failing to declare and pay taxes as prescribed by reviewing the situation.
Immediately after grasping the situation, the district police reported to the provincial police leadership in coordination with the Economic Security Department to verify and clarify.
Soon after, the owner of this YouTube channel was also invited to work with the Public Security Agency and admitted that he had not properly fulfilled his tax obligations and also provided the authorities with income-related documents. from Youtube channel and advertising contracts from 2018 to present. The income of this YouTube channel in the past 4 years is up to 11 billion VND.
It is known that TC TV channel has more than 800,000 subscribers. The channel’s content mainly about survival challenges in life attracts millions of views, with videos up to 5 million views. Not only that, the channel owner’s personal Facebook page also owns nearly 25,000 followers.
According to regulations, individuals with income from social networking platforms such as YouTube, Facebook, Instagram … are classified as business individuals. According to current regulations, income from business of 100 million VND or more a year must pay tax at 7% of total income, of which 5% is value added tax, 2% is personal income tax. .
Lawyer Tran Minh Cuong (belonging to the Ho Chi Minh City Bar Association) said that tax collection from individuals with income from social networking platforms is to create fairness and social security. Therefore, those individuals and organizations must have the obligation and responsibility to declare and pay taxes fully for the State. He also added: “Currently, Vietnam has a tax rate of 7% on income from social networking platforms. This is a relatively low level compared to other countries, like the US can be up to 30%. Therefore, individuals who make money from social networking platforms Facebook and YouTube need to be proactive and honest in declaring and paying taxes in accordance with regulations to avoid legal risks.
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