Circular 77/2025 of the Ministry of Finance details securities trading and securities transfer services under Decree 181/2025 of the Government on the Law on Value Added Tax, some business services, and securities transfer activities that are not subject to tax. This regulation applies to taxpayers performing securities trading and securities transfer services; tax authorities, relevant organizations and individuals.
Specifically, securities trading services not subject to VAT include brokerage; receiving entrusted account management; online trading; lending for purchase and advance payment for sale; online trading, connection, use of terminals; borrowing and lending; depository, clearing, payment of transactions; post-transaction processing and error correction; management of collateral assets, position management; payment of principal, interest, repurchase of government bonds and other types of bonds as prescribed.
Some securities activities and services are not subject to tax.
PHOTO: NGOC THANG
Also includes the fields of securities trading at securities companies; investment, capital contribution, issuance, offering of financial products and secured warrants; and market making transactions. As well as securities underwriting and related services; securities investment consulting; securities investment fund management, securities investment portfolio management.
In addition, securities transfer activities not subject to VAT include transfers through the trading system of the Stock Exchange; transfers of ownership outside the system of the Stock Exchange; and securities transfers. At the same time, transfers through auctions, bidding, competitive offerings, and book building are also exempt from tax.
Source: https://thanhnien.vn/mot-so-dich-vu-kinh-doanh-hoat-dong-chung-khoan-khong-chiu-thue-185250907094052924.htm
![[Photo] Politburo works with the Standing Committees of Phu Tho and Dong Nai Provincial Party Committees](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/9/8/f05d30279b1c495fb2d312cb16b518b0)
![[Photo] Politburo works with the Standing Committees of Dong Thap and Quang Tri Provincial Party Committees](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/9/8/3e1c690a190746faa2d4651ac6ddd01a)
![[Photo] Politburo works with the Standing Committees of Vinh Long and Thai Nguyen Provincial Party Committees](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/9/8/4f046c454726499e830b662497ea1893)
Comment (0)