Vietnam Revises Tax Rules: Small Businesses Get Exemptions, New Declaration Method from 2026

Cryptocurrency assets in Vietnam are exempt from VAT but subject to personal income tax on profits.
From January 1, 2026, business households and individuals with annual revenue up to 500 million VND are exempt from VAT and PIT.
Revenue above 500 million VND is taxed by declaration, with rates like 0.5% for goods, 2% for services, and 5% for property leasing or insurance agency.
The lump-sum tax method is abolished; all must use the declaration method from 2026.
The changes are expected to reduce annual taxes for households and individuals by about 11,800 billion VND.

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.