If the information is true this is good development, I think Government are now realizing that they can not prevent the inevitable, Crypto has come to stay, but what I don't understand is how they are going to be know the real amount I am suppose to pay in tax, especially in a bear market.
Honestly I still quite doubt the news, because today is indeed a lot of news that the truth should be tested. If true then this is a very good thing of course, with so will more and more countries that support the development of Bitcoin and that could increase the popularity of Bitcoin. Yes only need clarification alone, because with the right information and correct the results will be satisfactory. Thailand is one of the countries with a good market share in asia, if this is applicable then the southeast asia market could be boosted to regulate Bitcoin / cryptocurrency. 
Topic: Thailand Has Accepted Bill In Setting Crypto Currency - page 2. (Read 214 times)
I think 15% tax is acceptable. It makes a lot of sense to apply in all countries.
If the information is true this is good development, I think Government are now realizing that they can not prevent the inevitable, Crypto has come to stay, but what I don't understand is how they are going to be know the real amount I am suppose to pay in tax, especially in a bear market.
Though the additional tax for cryptocurrencies are not nice but the regulation is overall positive because cryptocurrencies are recognized which has positive effect on the market.
A bill will be drafted by the Government of Thailand and has given its consent to regulate the regulation of cryptocurrency transactions in the region. This information will be disclosed by Finance Minister Apisak Tantivorawong, through Nikkei Asian Review.
According to Tantivorawong during a cabinet meeting held on March 27, it was proposed that the Thai Revenue Department should collect an additional tax of 7% VAT and 15% ownership tax on cryptocurrency and some collections made by ICO, but this measure would not apply to minority investors .
In addition, it is noted that regulations are being designed to prevent the growing sector of digital currency that will be used for money laundering, tax evasion, and other criminal activities that could affect Thailand's economy and this has been done in many other countries. Just keep waiting for the publication in the Royal Gazette so that the new mechanism can come into force.
Where have you got this bit of information from? I can't search any news like this which has been recently published in a credible source. Also are you talking about the news posted in cryptoglobe and bitcoinist.com? If that is the case, then I wouldn't believe it easily, IMO they aren't credible enough. Nevertheless, it is great if it is not a fake news made to generate FOMO. Below are the links to the news I am talking about.According to Tantivorawong during a cabinet meeting held on March 27, it was proposed that the Thai Revenue Department should collect an additional tax of 7% VAT and 15% ownership tax on cryptocurrency and some collections made by ICO, but this measure would not apply to minority investors .
In addition, it is noted that regulations are being designed to prevent the growing sector of digital currency that will be used for money laundering, tax evasion, and other criminal activities that could affect Thailand's economy and this has been done in many other countries. Just keep waiting for the publication in the Royal Gazette so that the new mechanism can come into force.
http://bitcoinist.com/crypto-investors-in-thailand-will-get-taxed/
https://www.cryptoglobe.com/latest/2018/04/thai-finance-ministry-reveals-cryptocurrency-investments-will-get-taxed/
A bill will be drafted by the Government of Thailand and has given its consent to regulate the regulation of cryptocurrency transactions in the region. This information will be disclosed by Finance Minister Apisak Tantivorawong, through Nikkei Asian Review.
According to Tantivorawong during a cabinet meeting held on March 27, it was proposed that the Thai Revenue Department should collect an additional tax of 7% VAT and 15% ownership tax on cryptocurrency and some collections made by ICO, but this measure would not apply to minority investors .
In addition, it is noted that regulations are being designed to prevent the growing sector of digital currency that will be used for money laundering, tax evasion, and other criminal activities that could affect Thailand's economy and this has been done in many other countries. Just keep waiting for the publication in the Royal Gazette so that the new mechanism can come into force.
According to Tantivorawong during a cabinet meeting held on March 27, it was proposed that the Thai Revenue Department should collect an additional tax of 7% VAT and 15% ownership tax on cryptocurrency and some collections made by ICO, but this measure would not apply to minority investors .
In addition, it is noted that regulations are being designed to prevent the growing sector of digital currency that will be used for money laundering, tax evasion, and other criminal activities that could affect Thailand's economy and this has been done in many other countries. Just keep waiting for the publication in the Royal Gazette so that the new mechanism can come into force.
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