Promptly Issue Legal Documents on Taxation for Virtual Assets and Cryptocurrencies

11:57, 11/07/2024

Decision 1255/QD-TTg dated August 21, 2017, by the Prime Minister of the Government of Vietnam outlines the implementation roadmap for the Scheme to Improve the Legal Framework for Managing and Addressing Virtual Assets, Cryptocurrency, and Virtual Money as follows:

- August 2018: Completion of the revision, supplementation, and issuance of new legal normative documents (LND) on electronic money;- December 2018: Completion of the development of LND on virtual assets and virtual currency;- June 2019: Completion of the revision, supplementation, and issuance of new LND on taxes regarding virtual assets and virtual currency;- September 2019:- Completion of regulations on measures to prevent, combat, and handle criminal violations on fraud, money laundering, terrorist financing, and other crimes related to virtual assets and virtual currency;- Completion of regulations on measures to prevent, combat, and handle administrative violations related to virtual assets and virtual currency.- December 2020: Completion of the revision and supplementation of laws and ordinances to finalize the legal framework for managing and handling virtual assets and virtual currency.

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