Vietnam’s Ministry of Finance has proposed interim tax rules for crypto and tokenised asset transfers, applying securities-based tax principles. The draft covers corporate and personal income tax, VAT exemptions and is open for public consultation.
Vietnam’s Ministry of Finance (MoF) has released a draft circular outlining a tax framework for crypto and tokenised asset transactions, following Government Resolution No. 05/2025/NQ-CP issued on 9 September 2025.
The initiative, set for early 2026, applies existing securities tax rules until a dedicated digital asset regime is established.
Under the draft, corporate income tax (CIT) applies at 20% to tokenised asset transfers by Vietnamese organisations, with reduced rates of 17% or 15% in specified cases under articles 10(2) and 10 (3) of the CIT Law 2025. Enterprises providing tokenised asset services are subject to the same rates, while foreign entities transferring assets via licensed Vietnamese providers pay CIT at 0.1% of gross proceeds.
Individual investors, both residents and non-residents, must pay personal income tax (PIT) at 0.1% of each transfer’s gross proceeds through a licensed provider. The transfer and trading of digital assets are exempt from value added tax (VAT), except for services not explicitly covered by this exemption, which remain subject to general VAT rules.
The MoF aims to create legal certainty, support compliance, and foster the growth of Vietnam’s digital asset market. The draft circular is open for public consultation on the ministry’s portal, with feedback invited from national agencies and industry stakeholders.
