thuevietnam

How to declare and pay the 0.1% tax for transactions of digital assets #CryptocurrencyWealth starting from 01/07/2026?
The declaration and payment of the 0.1% tax for digital asset transactions in Vietnam are carried out through an automatic mechanism with close management by licensed exchanges such as #Binance . Specifically, the process is as follows:
1. Tax payment mechanism: Withholding at source
- According to the implementation roadmap, individual investors do not need to declare each transaction themselves; the exchange will act as the tax collection unit.
- Tax rate: 0.1% calculated on the total sale value of each transaction, regardless of whether the transaction results in a profit or a loss.
- How it works: When you place a sell (transfer) order for a digital asset on the exchange, the exchange system will automatically calculate and withhold 0.1% of the transaction value .#VietnamBinanceSquare
2. Mandatory conditions to fulfill tax obligations
- Account identification (KYC): Investors must complete identity verification via a chip-enabled Citizen ID Card (CCCD) or an electronic identification account VNeID.
- Legitimate exchange transactions: You must perform transactions on exchanges licensed for pilot implementation by the Ministry of Finance (e.g., potential exchanges: CAEX, TCEX, VIXEX...) so that the system can support tax withholding in accordance with regulations.
3. Roadmap and application timeline #thuevietnam
- Effective date: starting from 01/07/2026.
- Transition period: Investors have 06 months from when the first licensed exchange becomes available to transfer assets from cold wallets or international exchanges to a Vietnamese exchange. After this period, trading on an unlicensed exchange will be considered a violation of the law and may be subject to administrative penalties ranging from 10 to 30 million VND.