taxoncrypto

Vietnam Plans to Impose 0.1% Tax on Crypto Transaction 😳

Vietnam’s 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.⚠️

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.🌍💸

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#CryptoNews #Vietnam #TaxOnCrypto #TaxReform #TaxProposal

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UK Cracks Down on Crypto – HMRC’s New Rules Incoming

Attention UK crypto holders! 🚨 Starting January 1, 2026, HMRC will require all exchanges to collect and share personal data — including your name, address, and tax ID — on all crypto transactions.

This aligns with the OECD’s Crypto-Asset Reporting Framework (CARF) and aims to close tax loopholes and tighten compliance. If you're trading $BTC or flipping $ETH , get ready — this isn't business as usual.

💬 Whether you’re a casual trader or a serious investor, it’s time to review your reporting and stay tax-smart. Ignoring these changes could mean penalties, audits, or worse.

The UK is joining a global wave of regulation that may bring more legitimacy to crypto — but also more paperwork for users. 👀

🧠 What to Do?
• Review your tax records
• Track all transactions
• Stay informed on exchange compliance

#CryptoUK
#HMRCUpdate
#TaxOnCrypto
#BinanceCompliance

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🚨 India’s Crypto Taxes Squeeze Trader Profits 🚨

India’s 30% tax on crypto gains and 1% TDS on transactions over ₹10,000, effective since 2022, cut deeply into traders’ profits. No deductions or loss offsets are allowed, pushing traders toward tax-efficient futures trading. XRP and meme coins like PEPE drive gains, but taxes reduce net earnings. For example, a ₹10,000 profit yields ~₹6,900 after tax and TDS. Regulatory uncertainty, with the Supreme Court comparing Bitcoin to “Hawala,” adds challenges. Traders with $2.72 can buy ~2.7 USDT or ~150,000 SHIB on Binance, but taxes remain a hurdle

Source: The Hindu
#India #TaxOnCrypto #bitcoin