HCMC – Domestic and foreign individual investors will be required to pay a 0.1% tax on the transfer value of crypto assets, under Circular No. 32/2026 issued by the Ministry of Finance.
The Ministry of Finance has issued Circular No. 32/2026, providing guidance on taxation for transactions, transfers, and business activities involving crypto assets. The regulation is part of a pilot program for the crypto asset market in Vietnam under Resolution No. 05/2025.
The Ministry of Finance has clarified that the transfer and trading of crypto assets are not subject to value added tax.
However, individual investors who carry out crypto asset transfers through service providers will be liable for personal income tax. The tax is set at 0.1% of the value of each transaction and applies to all individual investors, regardless of residency status.
This rate is equivalent to the tax applied to securities transactions.
Previously, regulators had proposed taxing based on the revenue of each transaction. However, the State Bank of Vietnam noted that the draft did not clearly define how revenue would be determined for each transaction, particularly for foreign organizations and individual market participants.
Corporate investors earning income from crypto asset transfers are subject to corporate income tax of 20%.
Taxable income from such activities is calculated as the selling price minus the purchase price and related transfer costs, provided these expenses are supported by valid invoices and documentation in accordance with regulations.
The above regulation also applies to enterprises. The 20% tax does not apply to companies with total annual revenue below VND3 billion, and between over VND3 billion and less than VND50 billion. But they are subject to a respective tax rate of 15% and 17% in accordance with the Law on Corporate Income Tax.
Foreign corporate investors conducting crypto asset transfers through service providers will be subject to a corporate income tax of 0.1% on the transfer value of each transaction.
