Vietnam to tax four tech platforms by going to the banks

Airbnb, Booking.com, Agoda and PayPal to have duties automatically withheld

20250116 Vietnam tax story

Hanoi has spent years figuring out how to tax tech businesses, which often don't have offices in the country. (Nikkei montage/Source photos by Shinya Sawai and AP)

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- Vietnam has ordered banks to withhold taxes for Agoda, Airbnb, Booking.com and PayPal, marking the latest effort by the fast-growing Southeast Asian country to levy global technology giants.

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