As crypto is traded more on Binance, the biggest question for Vietnamese investors is: “Do profits from cryptocurrency need to be declared for tax, and if so, how?” This article helps you understand clearly — quickly, concisely, and legally. I use the example here as @Hemi .
1️⃣ Record transaction
Every time you buy/sell HEMI, you should keep a record of the order history (screenshot or export CSV file from Binance). This is the basis for calculating profits and proving the source of income when reporting is necessary.
🔹 Tip: Store by month, avoid cramming at the end of the year.
🔹 Required data: transaction date, HEMI volume, entry/exit price, fees.
2️⃣ Calculate profits (gains/losses)
Basic formula:
Profit = Selling price – Purchase price – Transaction fees.
If you swap #HEMI for another token, you should also convert the value at the time of the transaction to VND for accurate reporting.
3️⃣ Declare and pay taxes
According to current guidelines, income from crypto transactions in Vietnam does not have specific regulations, but can be considered income from investments or the transfer of digital assets.
Basic steps:
Summarize all profits after deducting losses/expenses.
Record under the category of income from other financial investments when filing personal income tax.
Submit at the tax authority where you reside or through the portal thuedientu.gdt.gov.vn.
📘 Reference tax rate: 10% on the profit portion (can be adjusted if regulations change).
4️⃣ Quick checklist for HEMI traders
✅ Export monthly transaction history from Binance.
✅ Save the HEMI/VND conversion rate at the time of the transaction.
✅ Summary of profits/losses at the end of the period.
✅ File taxes if total profits exceed the exemption threshold.
5️⃣ Why should you comply early?
Reduce legal risks as crypto cash flow is more tightly controlled.
Create transparent records if you later want to legitimize profits (buy cars, houses, start companies…).
Increase trust and readiness when trading new tokens like HEMI.
👉 Other coins are similar. Ensure each transaction is both legal and profitable.
#HEMI #thuecrypto #Binance #cryptoVietnam #taxreport #tradingGuide #HEMItrades $HEMI
Information is for reference only, not investment advice or legal consultation.
