Vietnam Proposes 0.1% Crypto Transaction Tax in Draft Regulations
Vietnam's Ministry of Finance has unveiled draft tax rules targeting cryptocurrency transactions, mirroring securities trading levies. The proposal introduces a 0.1% transaction tax for individual investors and a 20% corporate income tax for domestic firms operating in digital assets.
The framework exempts crypto transfers from value-added tax while applying the flat 0.1% rate to both residents and foreign traders. Corporate entities face profit-based taxation, with foreign firms using Vietnamese platforms subject to the transactional levy instead of standard corporate rates.
The regulations define crypto assets as digitally authenticated instruments, signaling Vietnam's MOVE toward formalizing oversight of the sector. Public comments on the draft close February 6.
