Thailand\u2019s Crypto Trading Activities Subject to 15% Capital Gains Tax
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Citing an unnamed source from the Finance Ministry, the Bangkok Post reports that Thai taxpayers with realized profits from their cryptocurrency activities will need to comply with a 15% capital gains tax in 2022. While crypto exchanges, will be exempt from the tax, retail investors and mining operators are not.<\/p>\n
The source said that Thailand\u2019s Revenue Department intends to strengthen its surveillance of cryptocurrency trading after the digital market experienced significant growth in 2021, both in size and volume.<\/p>\n
As stated in\u00a0the existing Section 40<\/a>\u00a0of the Royal Decree amending Revenue Code No.19, the Revenue Department considers profits from cryptocurrency trading as taxable income.<\/p>\n It is therefore now advised that investors identify their income from cryptocurrencies when filing taxes this year to avoid any penalties or legal consequences.<\/p>\n Akalarp Yimwilai, co-founder and chief executive of Zipmex Thailand, told the Bangkok Post that while the message is clear, how to calculate profits still remains ambiguous:<\/p>\n \u201cTax methods and calculations should be more concise, clear and easy to understand. Many people I know want to pay taxes, but don\u2019t know how to calculate them.\u201d<\/p>\n The post Thailand\u2019s Crypto Trading Activities Subject to 15% Capital Gains Tax<\/a> appeared first on iGaming.org<\/a>.<\/p>\n
Thailand\u2019s Crypto Trading Activities Subject to 15% Capital Gains Tax
Citing an unnamed source from the Finance Ministry, the Bangkok Post reports that Thai taxpayers with realized profits from their cryptocurrency activities will need to comply with a 15% capital gains tax in 2022. While crypto exchanges, will be exempt from the tax, retail investors and mining operators are not. The source said that Thailand\u2019s Revenue Department intends to strengthen its surveillance of cryptocurrency trading after the digital market experienced significant growth in 2021, both in size and volume. As stated in\u00a0the existing Section 40\u00a0of the Royal Decree amending <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[13],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6D2Px-tNV","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/posts\/114571"}],"collection":[{"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/comments?post=114571"}],"version-history":[{"count":1,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/posts\/114571\/revisions"}],"predecessor-version":[{"id":114572,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/posts\/114571\/revisions\/114572"}],"wp:attachment":[{"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/media?parent=114571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/categories?post=114571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.i-conseils.fr\/index.php\/wp-json\/wp\/v2\/tags?post=114571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSource: igaming<\/p>\n","protected":false},"excerpt":{"rendered":"