Currently, there are 2 main proposals related to cryptocurrency tax policy:
1. 20% tax on profits
Reflecting the true nature of investment: if there is profit, then pay taxes.
However, the 20% rate is too high for individual investors. A more reasonable tax rate could be 8%, equivalent to personal income.
2. 0.1% tax on transaction volume
Almost equal to Binance's basic transaction fee (0.1%).
If applied, users will bear double fees (exchange fee + tax).
⚖️ About Tax Collection:
Laws usually apply only from the time of issuance, no retroactive taxation.
However, clear cases of tax evasion may still be prosecuted.
🔍 Tax Collection Possibilities in the Future:
If Vietnam tightens regulations on international exchanges, major exchanges may be forced to open local branches, as Binance did in the US.
At that time, KYC linked to tax identification numbers will become a mandatory requirement. Taxes may be temporarily collected directly on each transaction, and settled at the end of the year.
👉 Personal discussions are encouraged, and we hope everyone can contribute more to better understand the potential scenarios that may occur with the Crypto market in Vietnam.