Vietnam Crypto Transfer Tax Proposal Sets 0.1% Levy While VAT Is Exempted

Vietnam crypto transfer tax proposal would exempt cryptocurrency transfers and trading from value-added tax while imposing a 0.1% personal income tax on the gross value of each transfer, mirroring the levy used for securities transactions, according to a draft circular opened for public consultation by the finance ministry.

Individual investors would pay the tax regardless of residency status. For organisations established in Vietnam, income from crypto-asset transfers would be subject to a 20% corporate income tax on profits, calculated as selling price minus purchase cost and related expenses.

Industry voices said the approach during a 2025–2030 pilot could bring digital assets out of a legal grey area while supporting market development and oversight.