#binancep2pantoan
CRYPTO TAXATION IN VIETNAM – INVESTORS SHOULD NOTE!
The market for crypto assets in Vietnam is entering a stage with clearer management. Under current regulations, individuals transferring crypto assets may be subject to a 0.1% tax on the transfer value for each transaction, instead of only being calculated on the profit portion. Activities of transferring and trading crypto assets currently fall under the category of not subject to VAT.
This means that traders should keep records of purchase/sale history, deposits/withdrawals, and transactions to proactively reconcile when needed. In particular, it is important to clearly distinguish transactions on licensed platforms/exchanges from P2P activities on international platforms, because the way tax obligations are fulfilled may differ.
💡 Clear taxation is also an important step for crypto to be recognized and develop more transparently in Vietnam.
#BinanceP2PAnToan #CryptoVietnam
@Binance Vietnam
CRYPTO TAXATION IN VIETNAM – INVESTORS SHOULD NOTE!
The market for crypto assets in Vietnam is entering a stage with clearer management. Under current regulations, individuals transferring crypto assets may be subject to a 0.1% tax on the transfer value for each transaction, instead of only being calculated on the profit portion. Activities of transferring and trading crypto assets currently fall under the category of not subject to VAT.
This means that traders should keep records of purchase/sale history, deposits/withdrawals, and transactions to proactively reconcile when needed. In particular, it is important to clearly distinguish transactions on licensed platforms/exchanges from P2P activities on international platforms, because the way tax obligations are fulfilled may differ.
💡 Clear taxation is also an important step for crypto to be recognized and develop more transparently in Vietnam.
#BinanceP2PAnToan #CryptoVietnam
@Binance Vietnam