CIRCULAR NO. 32/2026/TT-BTC: GUIDANCE ON TAX POLICIES APPLICABLE TO CRYPTO-ASSET TRANSACTIONS, TRANSFERS, AND BUSINESS ACTIVITIES
- 7 minutes ago
- 1 min read
Vietnam’s financial market is witnessing significant developments of a breakthrough nature, particularly in relation to policies on the pilot implementation of the crypto-asset market (“crypto-assets”). This initiative not only facilitates the establishment of a transparent and efficient trading platform, but also enables investors to mitigate financial risks, thereby enhancing the market’s capacity to attract foreign investment. Nevertheless, alongside the rapid expansion of this market arises an urgent need to refine the legal framework governing crypto-assets, especially in the area of taxation.
In order to provide detailed guidance on tax obligations applicable to activities involving crypto-assets, on 27 March 2026, the Ministry of Finance promulgated Circular No. 32/2026/TT-BTC, which sets out guidance on Value-Added Tax (VAT), Corporate Income Tax (CIT), and Personal Income Tax (PIT) in respect of transactions, transfers, and business activities related to crypto-assets.
In this newsletter, W&A highlights the key provisions of the Circular, with a view to assisting relevant organizations and individuals in gaining clearer insights into tax compliance requirements:
Scope of Application;
Relevant Tax Policies;
Timing for Determination of Revenue and Income;
Effective Timing of the Policy.
👉 Read the full article here:
To support enterprises in assessing impacts and ensuring proper implementation amid a dynamic and evolving policy landscape, W&A provides advisory services in indirect taxation, CIT, and comprehensive legal compliance. With a team of professionals comprising former tax inspectors and senior advisors from Big4 firms, W&A delivers technically robust, independent, and confidential solutions, enabling enterprises to effectively manage risks and safeguard their interests under all regulatory scenarios.