📝 Description
Vietnam officially legalized and regulated cryptocurrencies in early 2026. The tax approach chosen by the Vietnamese government is inspired by the traditional stock market: tax is no longer levied on your profits, but on the gross volume of your transactions.
Vietnam now applies a flat tax to every sale or exchange, regardless of whether you are in a profit or loss position. This guide explains this specific mechanism for individuals and how to use Waltio reports to remain compliant.
Essential Crypto Tax Facts in Vietnam
Category | Tax Rule (since March 2026) |
Tax Method | Tax on transaction volume (not on net profit) |
Individual Rate | 0.1% applied to every outgoing transaction |
VAT (Value Added Tax) | 0% (Cryptocurrencies are not subject to VAT) |
Crypto-to-Crypto Trades | Taxable (The 0.1% tax applies to the exchanged volume) |
Loss Offsetting | None (Loss-making transactions are still taxed at 0.1%) |
💰 Calculation and Tax Rates: The Turnover Tax
In Vietnam, whether you earn millions of Dongs or close a trade at a heavy loss, the rule is the same for individuals (retail investors):
You pay a fixed tax of 0.1% on the total value of each transaction.
Example: You sell the equivalent of 100,000,000 VND (approx. €3,700) of Bitcoin. Even if you bought this Bitcoin at a higher price and are losing money, you must pay 100,000 VND in tax (0.1% of the sold volume).
Note for companies: Domestic Vietnamese companies are subject to a 20% tax on their net profits.
🔄 Crypto-to-Crypto Operations (Trading)
Exchanging one cryptocurrency for another (e.g., selling Solana to buy USDT) is considered a full transaction in its own right. The Vietnamese tax authorities therefore apply the 0.1% tax on the value of the asset at the time of the exchange.
⚙️ How are these managed on Waltio?
To ensure rigorous accounting, Waltio considers all exchange operations (Crypto-to-Crypto) as taxable by default.
Your process: Since Vietnam taxes these operations, the tool's default behavior is perfectly suited to your situation. You do not need to manually change your operations to "Non-taxable" (as would be required for countries applying tax deferral).
However, keep in mind that Waltio will calculate a "capital gain" on these trades by default, whereas the Vietnamese tax authorities only require 0.1% of the gross volume. You will simply need to extract the total sum of your disposal volume from your Waltio report to calculate your final tax!
🎁 Passive Income (Staking, Mining, Airdrops)
The 2026 Vietnamese tax framework primarily targets transactions (sales and exchanges). When receiving income from staking, airdrops, or mining, you are not making an outgoing transaction; therefore, there is no immediate 0.1% tax to pay at the exact second you receive them.
⚙️ How are these managed on Waltio?
To simplify your tracking, Waltio applies a very practical global methodology by default:
Passive income is marked as non-taxable upon receipt.
The software assigns them an acquisition value of €0 (or 0 VND).
Practical consequence: This is exactly what is needed for Vietnam! Taxation is deferred. It is only when you decide to sell these earned tokens (to buy fiat or another crypto) that the operation becomes a taxable "transaction" subject to the 0.1% tax.
Do you wish to declare upon receipt? If, for specific professional or accounting reasons, you must declare this income at the exact moment of perception, manual action will be required on Waltio. You will need to individually modify each passive gain transaction to enter its acquisition price (the market price of the token on the exact day of receipt). The operation will thus be isolated as immediate income.
✅ What Triggers Tax (Crypto ➔ Fiat)
Any "disposition" of your cryptocurrencies triggers the 0.1% transfer tax:
Sale for fiat currency: Converting your cryptos into Vietnamese Dongs (VND), Dollars (USD), or Euros (EUR).
Purchase of a good or service: Paying with your cryptocurrencies is fiscally equivalent to a taxable transfer based on the value of the item.
📝 Declaration: Calendar and Obligations
Tax Period: The calendar year (January 1st to December 31st).
Declaration: The exact collection methods (directly withheld by licensed local exchanges or self-declared for foreign platforms) are part of the pilot phase started in 2026. If you trade on international platforms without a local license, it is your responsibility to compile your annual transaction volume for declaration to the tax authority (General Department of Taxation).
You must maintain a complete transaction history, which Waltio automatically generates and archives for you.
Disclaimer: This guide is provided for purely informational and educational purposes. Vietnam has only just legalized cryptocurrencies in 2026 and is implementing a pilot phase. Interpretations and directives from the Ministry of Finance may evolve rapidly. Waltio does not provide tax or legal advice. We strongly recommend consulting a certified tax advisor in Vietnam to validate your personal filing obligations.