Topic: In Thailand will pay taxes (Read 102 times)

Thailand enforces strict rules on trading crypto currency,I agree that, and I hope in every country like that.
so the use of bitcoin can be more comfortable again.

Thailand finally impose strict rules related to the proliferation of trading crypto currency in this white elephant country.
After last February the Thai government banned crypto currency trading by local banks, in June, trading of crypto currencies will be taxed. Thai Finance Minister Apisak Tantivorawong announces taxation on the trading of crypto currencies on the basis of preventing money laundering, tax avoidance and preventing the use of crypto trading for criminal activities.
Crypto investors will be responsible for paying 7% value added tax (VAT) on all crypto currency trading and 15% capital gains tax. Former finance minister and chairman of the Fintech Association of Thailand, Korn Chatikavanij, warned that while the government's move to regulate this was appropriate, the government was asked to be cautious. "Do not let conservative instincts produce cruel rules"

Thailand has a community of crypto currencies that continue to grow and can be considered very enthusiastic. In 2016 for example, weekly Bitcoin transactions can reach 12 million baht. In 2017 the number rose fourfold to 48 million baht. Some retailers in Thailand even accept bitcoin as payment.