Vietnam Plans to Impose 0.1% Tax on Crypto Transaction đł
Vietnamâs Ministry of Finance has proposed treating crypto like securities and plan to impose a 0.1% commission on every crypto transaction. Moreover a 20% profit tax will be applicable for crypto firms, which will be calculated on net profit after acquisition costs. This plan aims to formalize crypto taxation but adds clear new costs for traders and firms.â ïž
Market impact of this decision can be massive. Higher trading costs may slow domestic crypto trading activity and push investors to foreign exchanges or platforms with lower fees. Crypto businesses should review margins and tax plans, while traders may want to watch for official adoption and compare offshore options before making big moves.đđž
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