Thailand’s Treasury Committee held a virtual meeting to discuss the taxation of crypto from multiple perspectives.
A summary of the discussions at the meeting January 20 on Facebook Member of the ruling party, who published on his page Watanya Wongopasiurged the Tax Office to do due diligence before imposing any tax on crypto trading.
Chairman of the Thai Federation of Capital Markets Organizations among the participants Paiboon Nalinthrangkurntax on the trading of stocks and digital assets. reduce market liquidity by 40%. told. In addition, heavy taxes foreign and may discourage small investors from trading. warned about.
CEO and founder of iTax, a tax services provider Yutthana Srisavat if trade tax in its place Corporation tax or added value tax proposal. Srisavat said that the decentralized nature of crypto makes it difficult to obtain buyer and seller information and makes collecting tax information almost impossible.
In order to compete with other countries at the meeting, advocating the free market President of Thailand Fintech Association Chonladet Khemarattanabefore the government introduces a tax to watch the growth of the crypto ecosystem invited.
The Thai Tax Authority said that their focus is on taxing the traditional exchange, and they have yet to go a long way in taxing crypto trading. Organisation, have carefully studied the cryptocurrency market. and that taxes will only be applied after careful consideration. explained.