Personal income tax rate when transferring gold bars
With income from transferring gold bars added to the taxable list, the tax rate is 0.1% on the purchase price each time.
On January 6, the Office of the President held a press conference to announce the President's Order on promulgating the laws passed by the National Assembly at the 10th session.
One of the laws announced is the 2025 Personal Income Tax Law with a tax collection policy for individuals trading in gold bars.
At the press conference, Mr. Luu Duc Huy - Deputy Director of the Department of Tax and fee Policy Management and Supervision (Ministry of Finance) - informed about the taxable gold bar value threshold and the roadmap for implementing personal income tax on gold bar transactions.
According to Mr. Huy, the tax policy for gold bars in the past has been basically complete, including value added tax, import tax, and corporate tax.
Regarding personal income tax, in the decree on gold trading, individuals are not allowed to trade in gold bars, but only have the right to buy and resell. Only banks and businesses that are qualified and licensed can trade gold.
To manage the gold market, the Ministry of Finance recently submitted to the Government to include in the Law on Personal Income Tax (amended) submitted to the National Assembly for approval the regulation on gold bar transfer tax.
The law also assigns the Government to regulate the value threshold of taxable gold bars, the time of application of collection and adjust personal income tax rates for transferring gold bars in accordance with the roadmap for managing the gold market.
"We are currently the unit that helps the Ministry of Finance and submit to the Government to issue a decree guiding the implementation of the Law on Personal Income Tax. In particular, it will coordinate to develop regulations on personal income tax rates for gold bar transfers. The specific value of gold bars will be stated in the guiding decree issued in the coming time. Regarding progress, we will try soon," Mr. Huy stated.
The amended Law on Personal Income Tax 2025 has added regulations on other income groups subject to personal income tax. Including income from transferring gold bars; income from transferring auctioned license plates according to the provisions of law; income from transferring digital assets...
With income from transferring gold bars added to the taxable list, the tax rate is 0.1% on the purchase price each time.
Also according to the new law, some income will be exempt from tax. In particular, the law stipulates tax exemption for income from salaries and wages when performing scientific, technological and innovation tasks; 5-year tax exemption for income from salaries and wages of individuals who are high-quality digital technology industrial human resources, high-tech human resources performing high-tech research and development activities or strategic technology.
The Law on Personal Income Tax consists of 4 chapters and 29 articles, effective from July 1, 2026; the regulations related to income from business, from salaries and wages of residential individuals will apply from the tax calculation period in 2026.
Read the original here
