The Ministry of Finance has issued Circular 32, providing guidance on Value Added Tax (VAT), Corporate Income Tax (CIT), and Personal Income Tax (PIT) for crypto asset transactions, transfers, and trading.

This guidance follows the Government’s Resolution 05/2025/NQ-CP regarding the pilot crypto asset market in Vietnam.

According to the new regulations, crypto asset transfers and trading activities are classified as not subject to VAT. Other related activities not falling under this category will continue to be governed by existing VAT legislation.

Regarding Corporate Income Tax, domestic institutional investors (entities established and operating under Vietnamese laws) that generate income from crypto asset transfers must…