Vietnam Drafts 0.1% Levy on Crypto Transactions, According to The Hanoi Times
The proposal treats digital asset transactions similarly to securities while establishing capital requirements for exchanges that exceed thresholds for commercial banks.
Vietnam’s Ministry of Finance has circulated draft regulations that would impose a 0.1% personal income tax on cryptocurrency transfers executed through licensed service providers, mirroring the levy structure currently applied to stock trading. The proposal treats digital asset transactions similarly to securities while establishing capital requirements for exchanges that exceed thresholds for commercial banks.
The draft circular, released for public consultation, exempts crypto transfers and trading from value-added tax but applies the turnover-based levy to all…
