Vietnam's Ministry of Finance has released a draft notification outlining a new tax policy for cryptocurrency transactions. The proposal suggests imposing a 0.1% personal income tax on each transaction conducted by individual investors through licensed platforms, aligning the tax structure with that of stock trading. Additionally, the draft clarifies that cryptocurrency transactions will not be subject to Value Added Tax (VAT). For local Vietnamese enterprises, a 20% corporate income tax on net profits is proposed, while foreign entities would face a 0.1% tax on the transfer amount.
Vietnam Proposes 0.1% Tax on Crypto Transactions for Individuals
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