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.
Household and individual businesses with annual revenue of VNĐ3 billion (US$114,000) or less could issue a single consolidated electronic invoice for daily transactions of below VNĐ50,000 each if buyers do not request invoices.
While domestic revenue continued to serve as the main driver of the State budget, totalling VNĐ561.5 trillion over the two-month period, up 15.7 per cent on-year and signalling a clear business sector recovery, some other revenue sources showed signs of decline.
Economists have underscored the necessity of tax and fee reductions to support business recovery and sustain growth in the current context which, however, are placing increasing short-term pressure on the state budget balance.
Tax authorities will run an intensive information and support campaign to guide small businesses in implementing the policies, including filing and paying taxes under the principle of self-declaration and self-payment.
Domestic revenue continued to hold the largest part, VNĐ184.8 trillion, or 30.3 per cent of the annual plan, up 8.8 per cent year-on-year, local authorities reported.
Under the ministry''s proposal, ed service providers would be allowed to issue a single consolidated invoice for multiple transactions of low value and high frequency for non-business customers, instead of issuing a separate invoice for each transaction.
Việt Nam says it is improving tax transparency and implementing a national action plan to carry out OECD recommendations and expand tax cooperation with partners, including the EU.
The draft sets out tax policies for crypto asset transactions and business which align largely with the current taxation framework applied to securities trading.
New small and medium-sized enterprises (SMEs) are exempted from corporate income tax (CIT) for their first three years of operation under a new Government decree which aims at promoting the development of the private sector.
Việt Nam''s tax authorities are rolling out support measures to help millions of household businesses adjust to significant changes in the country’s tax regime as mandatory tax declaration replaces the long-standing lump-sum tax system from January 1, 2026.
Between 2020 and 2025, authorities nationwide detected and handled about 120,000 - 190,000 cases of smuggling, trade fraud and counterfeit goods each year with trade fraud accounting for the largest share of around 79-88 per cent.
According to the Ministry of Finance, the move aims to increase transparency, reduce arbitrariness in tax collection and gradually integrate household businesses into the formal economy.
Under the amended Law on Personnal Income Tax, the personal deduction will rise to VNĐ15.5 million (US$590) per month from VNĐ11 million at present. Taxpayers are also entitled to mandatory insurance deductions and contributions to charity and humanitarian funds.
