According to the statements made by the Thai Ministry of Finance, crypto currency purchases and sales in the country will be subject to a 15 percent capital gains tax.
According to local news sources investors and miners All taxpayers who have earned income by buying and selling cryptocurrencies, including cryptocurrencies, will be obliged to pay this 15 percent tax in 2022.
The Ministry of Finance advises citizens to notify their income from cryptocurrencies to avoid possible criminal actions.
The Revenue Administration can collect taxes on earnings from trading in the cryptocurrency market, as they are taxable.
According to the report of the Bangkok Post, the Internal Revenue Service has expanded the local cryptocurrency market this year, taking into account the significant growth of the market over the past year. more comprehensive surveillance is planning.
Akalarp Yimwilai, CEO of Zipmex, one of the local cryptocurrency exchanges, stated that the profits from crypto currency trading how to calculate He points out that there are many question marks regarding the issue. “Many people I know want to pay their taxes but don’t know how to calculate it.” said name, “How the tax is calculated should be clearer and easier to understand.” he added.
Image: Thailand, Andreas Brücker, Unsplash