Announcement on changes of Value Added Tax (VAT) for securities services

Article 86 Securities Law

SERVICES

FEE

OLD TAX

NEW TAX FROM 01/07/2025

Section 1

A securities company licensed to provide securities brokerage activities with following services

Brokerage fee

Non-taxable

Non-taxable

1.1

Receive entrustment to manage securities trading accounts of individual investors

Entrustment management fee

Non-taxable

10%

1.2

Implement distribution or act as securities distribution agent

Brokerage fee

Non-taxable

Non-taxable

Other fees

Non-taxable

1.3

Manage securities trading account

Account management fee

Non-taxable

10%

1.4

Provide services of shareholders management to other institutions

Safe-kept service fee of shareholder’s book

Non-taxable

10%

1.5

Provide online securities trading services

Brokerage, transaction fee

Non-taxable

Non-taxable

• SMS service fee
• Outgoing remittance fee

10%

10%

1.6

Provide or coordinate with credit institutions in money & securities lending services

Margin interest

Non-taxable

Non-taxable

1.7

Provide or coordinate with credit institutions in cash advance service of sell transaction

Cash advance service fee

Non-taxable

Non-taxable

1.8

Securities depository

• Custody fee
• Securities blocked and released service fee 

Không chịu thuế

Non-taxable

10%

1.9

Clearing and settlement securities

Securities transfer fee

Non-taxable

10%

Securities ownership transfer fee

Non-taxable

Follow VSDC’s regulation

1.10

Services in derivatives market

Derivatives brokerage fee

Non-taxable

Non-taxable

Fee paid to Exchange and VSDC

• Transaction fee
• Position clearing fee
• Assets management service fee

Non-taxable

Follow VSDC’s regulation