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Vietnam Orders Uber to Pay Taxes for Its Drivers
Netherlands-based Uber International Holding BV has been ordered by Vietnam’s finance ministry to pay taxes owed by drivers who provide the company’s local ride-hailing services, according to local media reports.
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Netherlands-based Uber International Holding BV has been ordered by Vietnam’s finance ministry to pay taxes owed by drivers who provide the company’s local ride-hailing services, according to local media reports.
Uber collects rider fees from riders as credit card charges. As in the U.S., drivers use their own vehicles. Uber keeps 20% of the revenue and turns over 80% to the drivers. But the company and its drivers haven’t been paying taxes on either portion of the revenue.
The ministry’s ruling classifies Uber as a foreign company earning income in Vietnam without an established office in the country. Its order requires the company to pay a 3% value-added tax and 2% corporate tax.
The ruling further says Uber is responsible for paying its drivers’ 3% VAT and 1.5% individual income taxes.
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