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What is Bybit? What are bóng đá hôm nay trực tiếp main features of Bybit?

(1) What is Bybit?

Bybit is a cryptocurrency exchange established in March 2018, headquartered in Dubai, UAE. bóng đá hôm nay trực tiếp exchange focuses on derivative products in bóng đá hôm nay trực tiếp cryptocurrency sector, offering services such as futures trading, perpetual contracts, and options with leverage up to 100 times. Bybit currently lists over 800 types of cryptocurrencies and provides a variety of trading forms.

Bybit focuses on derivative products in bóng đá hôm nay trực tiếp crypto market, lists over 800 types of cryptocurrencies, and offers various trading forms, including futures contracts, perpetual contracts, options, etc., with a maximum leverage of 100x.

(2) Main features of Bybit:

Below are bóng đá hôm nay trực tiếp main features of Bybit:

- Derivatives Trading:Supports perpetual contracts and futures contracts with leverage up to 100x.

- Spot Trading:Offers numerous cryptocurrency trading pairs such as BTC/USDT, ETH/USDT, and various altcoins.

- Earn & Staking:Users can deposit cryptocurrencies to earn interest through savings and staking products.

- Launchpad & Launchpool:A platform that helps investors participate in new cryptocurrency projects.

- Copy Trading:Allows users to copy bóng đá hôm nay trực tiếp trades of professional traders.

- BOT & API Trading:Supports automated trading tools through bots and APIs.

What is Bybit? What are bóng đá hôm nay trực tiếp main features of Bybit? (Image from bóng đá hôm nay trực tiếp Internet)

Is income from Bybit subject to personal income tax in Vietnam?

Currently, Vietnam does not have specific regulations on personal income tax (PIT) for income from cryptocurrency trading on Bybit or other international exchanges. However, there are several points to consider:

According to Article 3 of bóng đá hôm nay trực tiếpPersonal Income Tax Law 2007,individuals are obligated to pay taxes on 10 types of income listed. Simultaneously, Article 4 of bóng đá hôm nay trực tiếpPersonal Income Tax Law 2007stipulates 14 types of income exempt from tax.

However, among these 24 types of income categories, there is no provision regarding income from investment activities, buying and selling virtual currencies, or virtual assets. As of now, cryptocurrencies have not been specifically regulated as goods or services under bóng đá hôm nay trực tiếp law.

Additionally, according to Clause 1 Article 3 ofThông tư 111/2013/TT-BTC, income from production and business activities includes sectors such as goods, transportation, rentals, etc., but does not clearly specify whether income from virtual assets falls within bóng đá hôm nay trực tiếp regulatory scope.

In this case, activities related to virtual assets do not appear on bóng đá hôm nay trực tiếp list of industries such as production, business, or asset rental.

Additionally,Công trực tiếp bóng đá euro hôm nayfrom bóng đá hôm nay trực tiếp State Bank of Vietnam provides guidance as follows:

Based on bóng đá hôm nay trực tiếp aforementioned regulations,virtual money in general, and Bitcoin and Litecoin in particular, are not considered currencies and are not lawful means of payment under Vietnamese law. bóng đá hôm nay trực tiếp issuance, provision, and use of virtual currencies, including Bitcoin and Litecoin (as unauthorized means of payment), are prohibited acts. bóng đá hôm nay trực tiếp penalties for these acts are stipulated in Decree 96/2014/ND-CP of bóng đá hôm nay trực tiếp Government of Vietnam on administrative penalties in bóng đá hôm nay trực tiếp field of currency and banking, and bóng đá hôm nay trực tiếp Criminal Code 2015 (amended and supplemented). Furthermore, regarding investment in virtual currencies, bóng đá hôm nay trực tiếp State Bank of Vietnam has repeatedly warned of bóng đá hôm nay trực tiếp significant risks for investors.

Based on bóng đá hôm nay trực tiếp evidence mentioned above, it is clear that cryptocurrencies or virtual currencies are not considered money and are not lawful means of payment according to Vietnamese law, making bóng đá hôm nay trực tiếp trading of cryptocurrencies like Bybit illegal.

Thus, income from Bybit is not subject to PIT.

However, in practice, bóng đá hôm nay trực tiếp primary goal of individuals and organizations when creating, trading, or investing in virtual assets is to gain profit. This might lead bóng đá hôm nay trực tiếp State to consider adjusting tax policies in bóng đá hôm nay trực tiếp future to manage and collect taxes on this type of asset.

What are regulations on location and methods for paying PIT in Vietnam?

According to Article 56 of bóng đá hôm nay trực tiếpTax Administration Law 2019, regulations on bóng đá hôm nay trực tiếp location and methods for paying PIT are as follows:

- Taxpayers pay taxes to bóng đá hôm nay trực tiếp state budget under bóng đá hôm nay trực tiếp following regulations:

+ At bóng đá hôm nay trực tiếp State Treasury;

+ At bóng đá hôm nay trực tiếp tax administration agency where bóng đá hôm nay trực tiếp tax declaration dossier is received;

+ Through organizations authorized by bóng đá hôm nay trực tiếp tax administration agency to collect taxes;

+ Through commercial banks, other credit institutions, and service organizations as prescribed by law.

- bóng đá hôm nay trực tiếp State Treasury, commercial banks, other credit institutions, and service organizations as prescribed by law are responsible for providing locations, facilities, officials, and staff to ensure tax payments are made promptly into bóng đá hôm nay trực tiếp state budget for taxpayers.

- Agencies and organizations that receive tax payments or withhold taxes must issue tax payment receipts to taxpayers.

- Within 8 working hours from bóng đá hôm nay trực tiếp time of collecting tax payments from bóng đá hôm nay trực tiếp taxpayer, agencies or organizations receiving taxes must transfer bóng đá hôm nay trực tiếp money to bóng đá hôm nay trực tiếp state budget. In bóng đá hôm nay trực tiếp case of collecting taxes in cash in remote areas, islands, or areas with difficult access, bóng đá hôm nay trực tiếp timeline for transferring tax payments into bóng đá hôm nay trực tiếp state budget is as prescribed by bóng đá hôm nay trực tiếp Minister of Finance.