Vietnam’s Ministry of Finance has proposed adding income from digital asset transfers into the scope of personal income tax, with a rate of 0.1% per transaction value, similar to securities.
Crypto trading in Vietnam may face 0.1% tax, similar to stocks
In the draft of the Personal Income Tax Law recently submitted, the Vietnam’s Ministry of Finance emphasized the need to add a new category called “other income” to cover emerging sources in the digital economy. Notably, this list includes income from transferring digital assets, such as Bitcoin, Ethereum, and other tokenized assets.
The Ministry of Finance outlined several reasons for expanding taxable income:
According to the draft:
In practice, a trader in Vietnam would face two scenarios:
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