🚨#BREAKING
🇻🇳 Has Circular 32 (effective March 27, 2026) introduced taxes for crypto investors in Vietnam?
First, it’s important to clarify: this Circular is not a new law. It is guidance for implementing Resolution 05.
In Vietnam’s legal hierarchy, a Circular has lower authority than a Resolution, so Resolution 05 remains the primary reference. Meanwhile, the amended Personal Income Tax Law passed on December 10, 2025—introducing a 0.1% tax on digital asset transfers—will only take effect from July 1, 2026.
Based on current discussions, here are the main scenarios around that milestone:
1️⃣ Before July 1, 2026 & no licensed exchanges:
Assets held on international exchanges may still be traded without triggering tax obligations.
2️⃣ Before July 1, 2026 & licensed exchanges exist:
Even though the PIT law isn’t effective yet, licensed exchanges must comply with Circular 32 and Resolution 05 immediately.
👉 A 0.1% tax may be applied, with exchanges withholding and paying on behalf of users (no self-declaration required).
3️⃣ After July 1, 2026 & no licensed exchanges:
The 0.1% tax becomes effective, and investors will need to self-declare and pay taxes to local tax authorities.
4️⃣ After July 1, 2026 & licensed exchanges exist:
Similar to scenario 2, but more standardized. Even with a transition period, it’s advisable to trade on licensed Vietnamese platforms.
👉 The 0.1% tax will be automatically deducted at the exchange, similar to how stock trading taxes currently work.
✅ The 0.1% is considered Personal Income Tax (PIT) and does not incur additional taxes.
💡 Exchange trading fees are separate and depend on each platform.
If anyone has deeper legal expertise, feel free to share additional insight