0.1% tax on transfer of crypto assets: MoF's circular

Under the circular, individual investors, regardless of residency status, who transfer crypto assets through service providers must pay personal income tax at a rate of 0.1 per cent of the value of each transaction.

 

Circular No. 32/2026/TT-BTC requires a tax of 0.1 per cent on all crypto assets by all investors. VGP Photo

HÀ NỘI — Individual investors trading crypto assets in Việt Nam will face a 0.1 per cent personal income tax on each transfer under new regulations issued by the Ministry of Finance, marking a significant step in formalising the fast-growing digital asset market.

The policy is stipulated in Circular No 32/2026/TT-BTC, which provides detailed guidance on taxation for transactions, transfers and business activities related to crypto assets.

The timing for determining revenue and taxable income from crypto asset transfers will follow existing regulations on revenue and income determination for securities transfers under the laws on corporate and personal income tax, as well as rules governing crypto assets.

Under the new provisions, crypto asset transfer and trading activities are not subject to value-added tax. However, other related activities that do not involve direct transfers will still be required to meet VAT obligations in line with current regulations.

For organisations established and operating under Vietnamese law, income generated from crypto asset transfers will be subject to a corporate income tax rate of 20 per cent.

Taxable income is calculated based on the selling price minus the purchase price and legitimate transfer-related expenses supported by invoices and documentation. The same rate also applies to companies providing crypto asset services that generate income from such services.

Meanwhile, foreign organisations transferring crypto assets through service providers in Việt Nam will be required to pay corporate income tax at a rate of 0.1 per cent on the revenue of each transfer.

The circular took effect on March 27 and will be implemented during the pilot period specified in Resolution No 05/2025. — VNS

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