Ministry of Finance Proposes Tax on Digital Asset Transactions Similar to Stock Transactions at 0.1% Rate
On July 22, 2025, the Ministry of Finance announced a new proposal in the draft Personal Income Tax Law (amended), which introduces regulations on taxation for digital asset transfer activities - including virtual and crypto assets. Accordingly, digital asset transactions will be subject to a 0.1% tax rate on the transfer value of each transaction, similar to the current stock taxation mechanism.
According to this proposal, taxation will only apply to digital asset transactions conducted through exchanges with transparent operations, publicly disclosed pricing, and ensuring frequent transaction frequency. This is an important step towards gradually bringing digital asset trading into a clearer and more transparent legal framework.
In fact, the digital asset market in Vietnam is developing strongly. A report from Triple-A analysis company shows that by 2024, over 20% of Vietnam's population owned digital assets. Additionally, according to data from Chainalysis, Vietnam is currently in the top 3 countries with the highest crypto acceptance rate globally, with a penetration rate 3-4 times higher than the global average.
Previously, digital asset buying and selling activities in Vietnam were not regulated by a specific legal system. However, with the National Assembly's passage of the Digital Technology Industry Law in June 2025 (effective from January 1, 2026), digital assets were first recognized as a type of asset under civil law regulations. This is considered an important basis for tax authorities to implement appropriate tax policies in this field.
According to a representative from the Tax Policy, Fee, and Charge Management Department (Ministry of Finance), when digital assets are identified as legal assets and traded in the market, competent authorities can apply taxes such as VAT, personal income tax, and corporate income tax depending on specific cases.
In addition to digital assets, the Ministry of Finance also proposed expanding the scope of personal income tax in this amendment draft. Some other income sources such as transfer of Vietnamese national domain names, carbon credit transactions, emission reduction certificates, green bonds, or auctioned vehicle license plate transfers will also be subject to taxation.
Income in this group will be taxed at a 5% rate, similar to current income from royalties or commercial franchises. Taxable income is determined as the amount exceeding 10 million dong that the taxpayer receives in each transaction.
Source: VnExpress
