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Vietnam Confirms VAT Exemption, Proposes 0.1% Transfer Tax on Cryptoassets in New Draft Rules

  • No VAT will be applied to crypto transfers and regulated trading.
  • A 0.1% transfer tax is proposed for individuals and nonresident institutions.
  • Resident organizations will face a 20% corporate income tax on crypto transactions.
  • Vietnam is drafting new tax rules for cryptoassets, aligning them with securities trading and introducing a low-rate transfer tax regime.

Source: vatcalc.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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