WebMar 7, 2024 · Thailand’s tax treatment of cryptocurrencies is governed by the country’s Revenue Code, which defines cryptocurrencies as digital assets subject to tax. This means that any gains made from buying and selling cryptocurrencies are subject to capital gains tax at a rate of up to 15%. WebJun 24, 2024 · Thailand was among the first jurisdictions in Asia to issue legislation that specifically addresses cryptocurrencies and digital assets. Having taken effect in May 2024, the Digital Asset Act became the primary piece of legislation to regulate the offering of digital assets and other business activities involving them.
Best Crypto Exchanges in Thailand Regulated Platforms (2024)
WebJan 7, 2024 · Crypto tax collection changes considered published : 7 Jan 2024 at 06:44 ... Akalarp Yimwilai, chief executive of Zipmex Thailand, a digital asset exchange, said tax collection can happen, but the ... WebMar 11, 2024 · Thailand Adopts New Tax Rules for Crypto Investments. Thailand’s Cabinet approved new tax relief rules Tuesday for crypto trading, according to an announcement … the other by tryon
Opposition Mounts to Crippling Crypto Tax in Thailand
WebFeb 1, 2024 · Thailand has reportedly scrapped plans to impose a 15% withholding tax on crypto transactions following a surge in cryptocurrency trading. The proposal, which was presented earlier this year ... WebMar 30, 2024 · Yes, Thailand taxes Cryptocurrencies. The Thai government has introduced tax laws for Cryptocurrency trading, which require traders to pay taxes on their Crypto gains. The specific tax laws and regulations vary depending on the type of transaction, but in general, profits made from buying and selling digital assets are considered capital gains ... WebJan 10, 2024 · According to the Finance Ministry's announcement, people who gain from cryptocurrency dealings, investors and crypto miners, are liable to a 15% withholding tax on the profits. the other by thomas tryon plot explained