Vietnam to Address Legal Status of Virtual Goods in Upcoming Government Meeting
Just as any industry goes through growing pains, it seems like virtual goods are becoming increasingly regulated around the world.
It was only recently that the United States IRS was discussing the possibility taxing of income generated via virtual goods (something that is also happening in Turkey). Earlier, Korea began taxing transactions in 2007, followed by China in 2008 (which also led to an increase in virtual goods prices).
This time, it’s Vietnam – the Vietnamese government is planning to hold an upcoming workshop that is intended to address the legal status of virtual goods within the country.
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