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MONDAY, December 05, 2022
Thai crypto tax criteria ready by end of month

Thai crypto tax criteria ready by end of month

MONDAY, January 10, 2022

The Revenue Department expects to issue tax rules for Thailand’s growing cryptocurrency trade by the end of this month, director-general Ekniti Nitithanprapas said on Monday.

His statement came after Prime Minister General Prayut Chan-o-cha urged the department to clarify rules for calculating tax on profits from the sale or investment of digital assets or cryptocurrencies.

Ekniti said his agency is now discussing cryptocurrency tax guidelines with the Bank of Thailand, Securities and Exchange Commission and other bodies.

Noting that cryptocurrency investment and exchange had grown by leaps and bounds over the past year in Thailand, he said this was a new issue for both taxpayers and the Revenue Department.