Crypto trading in Vietnam is about to change. Recently, the Ministry of Finance issued Circular No. 41/2026/TT- BTC, providing detailed guidance on tax declaration, deduction, payment, and settlement for the cryptocurrency market, based on Resolution No. 05/2025/NQ-CP on the pilot implementation of this market in Vietnam.
According to the regulations, the Circular applies directly to organizations and individuals involved in cryptocurrency trading activities. Exchanges or intermediary platforms established and operating under Vietnamese law will be responsible for declaring and paying value-added tax, as well as fulfilling corporate income tax obligations for the services they provide.
Value-added tax (VAT) declarations are made in accordance with current tax management regulations. For corporate income tax, platforms must determine their own quarterly provisional tax payments and conduct annual tax settlements. The deadline for submitting tax settlement documents is no later than the last day of March following the end of the calendar year or fiscal year, and the entire tax declaration and payment process is conducted electronically through the directly managing tax authority.
One notable point is the tax withholding mechanism. Accordingly, the service providers will be responsible for withholding and remitting taxes on behalf of users for cryptocurrency asset transfer transactions. Tax determination and withholding are performed as soon as the transaction is successfully confirmed by the system. This means that individual and foreign institutional investors do not need to personally pay taxes for each transaction, as the platform's system will automatically calculate and retain the tax due.
After deductions are made, platforms must declare and pay this tax to the tax authorities on a monthly basis. Tax declarations are submitted electronically, including the declaration form No. 01/TSMH and the detailed statement form No. 01-1/BK-TSMH issued with the Circular. The deadline for submission is no later than the 20th of the month following the month in which the tax liability arises; in case of tax payable, the payment deadline coincides with the submission deadline.
To ensure transparency and protect user rights, the Circular also clearly defines the responsibilities of the platforms. Specifically, these entities must strictly manage investor accounts, store complete transaction data, and issue electronic tax deduction certificates according to mẫu số 01/CTKT-TSMH (Form No. 01/CTKT-TSMH) to taxpayers. In addition, the platforms need to build information technology systems that meet the requirements for extracting and providing data promptly to the management agency when necessary.
Circular No. 41/2026/TT- BTC officially takes effect from April 6, 2026, and is applied during the pilot phase of the cryptocurrency market in Vietnam. Prior to this, the Ministry of Finance also issued Circular No. 32/2026/TT- BTC to guide the taxation related to cryptocurrencies, including value-added tax, corporate income tax, and personal income tax.
According to regulations, organizations earning income from the transfer of crypto assets are subject to corporate income tax at a rate of 20%, except in special cases as stipulated by law. For individuals, the personal income tax rate applied is 0.1% on the transfer value of each transaction, regardless of residency status.
Overall, the new regulations not only establish a clear tax collection mechanism for the cryptocurrency market but also mark a shift from a "grey area" to systematic management. This means that every transaction is recorded and taxed from the outset, directly impacting investors' actual profits.
