Vietnam’s 2025 Personal Income Tax Law introduces income from gold bullion transfers as a taxable income category, representing a notable development in the country’s taxation and gold market regulatory framework. Under the law, a 0.1% tax rate is prescribed based on the transfer value, while the taxable threshold, implementation timeline, and enforcement mechanism will be further specified by the Government.
The policy aims to strengthen tax administration over high-value asset transactions, improve market transparency, and enhance oversight of the domestic gold market. For investors and individuals who actively trade gold bullion, the new regulation is an important policy development that may influence future transaction costs and investment decisions.
However, Vietnam’s Ministry of Finance has clarified that the tax collection mechanism for gold bullion transfers will not be implemented immediately from July 1, 2026, as detailed implementing regulations have not yet been finalized. The practical application of this provision will therefore depend on future Government guidance.
