OFFICIALLY ISSUED CIRCULAR ON CRYPTO ASSET TAXATION (32/2026/TT-BTC) ⚖️🇻🇳
1. Value Added Tax (VAT):
Transfer and trading of crypto assets are subject to no VAT. 🚫💸
2. Corporate Income Tax (CIT):
Domestic investors: Tax rate of 20% on taxable income (Revenue - Cost of goods sold - Related expenses with invoices and documents).
Foreign investors: Withholding 0.1% on revenue from each transfer (if conducted through a service provider in Vietnam). 🏢📊
3. Personal Income Tax (PIT):
Generally applied: No distinction between resident and non-resident individuals.
Tax rate: Withholding 0.1% on the transfer price for each transaction when conducted through crypto asset service providers. 👤💰
4. Time of determining revenue/income:
Implemented similarly to regulations regarding securities and current legal regulations on crypto assets. 🕒📈
5. Effective date:
The circular is effective from March 27, 2026.
Applicable during the pilot period of the crypto asset market in Vietnam as per the Government's Resolution. 🗓️🚀
Exchanging VND for USDT: 0.1%/vol
Exchanging USDT for BTC: 0.1%/vol
BTC sold for USDT: 0.1%/vol
Cashout USDT to VND: 0.1%/vol
..........
Trading hot coins here 📈👇
