1. What is Circular 32? • Circular 32/2026/TT-BTC is just a guiding document • Not a law, does not create tax obligations
👉 Must follow: • Law > Resolution > Circular
2. When does the tax start? • Personal income tax law amended 2025 ⏰ Effective from: 01/07/2026
📌 Tax: • 0.1% on each crypto transaction • Is personal income tax
3. Do I have to pay tax now?
👉 NOT YET (before 01/07/2026)
4. 4 easy-to-understand scenarios
🔹 Before 01/07/2026 • No VN exchange → No tax • Has VN exchange → May be deducted 0.1% at the exchange
🔹 After 01/07/2026 • No VN exchange → Self-declare & pay tax • Has VN exchange → Exchange automatically deducts 0.1% (like stocks)
5. Understanding the correct 0.1% tax • Is the only tax on transactions • ❌ No additional taxes • ⚠️ Exchange fees ≠ tax
6. Quick conclusion • Before 01/07/2026 → Not mandatory to pay tax • After 01/07/2026 → Mandatory to apply 0.1% • Best → Trade through licensed exchanges to avoid self-declaration
According to Resolution 05: • Organizations and enterprises in Vietnam • Individuals (residents & non-residents) • Parties involved: transactions, transfers, business, providing crypto asset services
2. VAT • Transfer/sale of crypto assets: 👉 Exempt from VAT • Related services (exchanges, brokers…): may be subject to tax according to separate regulations
3. Corporate Income Tax (CIT)
According to the Corporate Income Tax Law: • Income from transfers & crypto services: 👉 Tax rate 20% • Taxable income = Selling price – Purchase price – Valid expenses 📌 Expenses must have legal documents
4. Personal Income Tax (PIT)
According to the Personal Income Tax Law: • Individuals with income from crypto transfers: 👉 Must declare and pay tax • Common calculation methods: • 0.1% on transaction value, or • According to actual profit (depending on guidance for each period)
5. Effective date
👉 Applies from 27/03/2026
✅ Quick summary • VAT: Not applicable to crypto transactions • CIT: 20% on profit • PIT: Individuals must pay (usually 0.1%/transaction or according to actual results)
⚠️ Note • Crypto is not a legal payment method in Vietnam, but income is still taxable • Need: complete declaration, keep documents, comply with tax authority guidelines.