Vietnam to impose a 0.1% income tax on cryptocurrency sales

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The Vietnamese Ministry of Finance is currently pursuing a tax proposal that would impose a 0.1% personal income tax on cryptocurrency transactions made by individuals through licensed platforms, regardless of their residence. According to WooBlockchain, Vietnamese institutional investors (corporations) would be subject to a 20% corporate income tax on income generated from cryptocurrency transactions. However, VAT (Value Added Tax) would be exempt.

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