Illustrative image.
In the draft Decree guiding the amended Personal Income Tax Law, the Ministry of Finance also proposes detailed regulations on how to calculate tax on income from capital and securities transfers.
The draft proposal suggests including shares of unlisted companies in the scope of capital transfer tax, alongside equity contributions within the enterprise as currently in effect. The tax would be calculated at 20% of the taxable income for each transaction.
If the purchase price and costs cannot be determined, a tax rate of 2% of the transfer price will be applied, which is higher than for the transfer of listed or registered securities on the Stock Exchange.
This is also a solution to promote the registration for official listing or trading on the stock exchange. Regarding declaration, individuals transferring capital will self-declare and pay taxes. For securities, the income-paying organization is responsible for withholding, declaring, and paying taxes on their behalf at a rate of 0.1%.
According to the drafting agency, the aforementioned regulation aims to promote businesses to list and register for official trading on the Stock Exchange, ensuring standards of transparency and openness, allowing investors to monitor and control the quality of investment securities, protecting investors' rights, and aligning with the provisions of the law on corporate income tax (Government Decree No. 320/2025/ND-CP dated December 15, 2025).
