That is not the highest tax, see the list.
https://en.wikipedia.org/wiki/Capital_gains_tax
Maybe for Thailand, but this is a still good offer for start. It is a very positive news for crypto when a country adopts it. I hope we can see more examples like this one.
Topic: Thailand Launches Tax Rules For CryptoCurrency - page 2. (Read 265 times)
Thailand's Ministry of Finance issues tax rules on cryptocurrency.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
Time is coming, when people will finally move to decentralized exchanges with no identity verification things, 2018 will be the year of DEX. Mark my words.
Thailand's Ministry of Finance issues tax rules on cryptocurrency.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
i think good information and good news
but is double tax and is big 7% and 15%
Its good thing for cryptomarket but yeah the tax are quiet high maybe because Thai government are trying to collect good money from a good market. Hope that every country will have their own regulations about cryptocurrency so this market will stay for good.
7% + 15% = 22% I think this is the highest tax I have ever heard, and this can certainly be strangling capital and income all investors and traders in Thailand inflamed, for me this is a disaster for users of crypto in Thailand.
how can they take taxes. i mean how can they follow those anonymous transactions and trades in crypto market. they can not do anything on blockchain. all they can do is they will follow bank accounts that are related with the exchange platforms based in thailand.
That is very high if they are doing it in every single trades. I would basically stop trading or just move out to other country to keep my business going. Not understandable for me I am really sorry about it. Korea's tax was better.
Thailand's Ministry of Finance issues tax rules on cryptocurrency.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
i think good information and good news
but is double tax and is big 7% and 15%
the positive side with the legality of the law means showing recognition of the cryptocurrency in the country, but high taxes are enough to weaken the investor, a difficult reality, I hope the future of state policy should be more supportive of the future of cryptocurrency
Thailand's Ministry of Finance issues tax rules on cryptocurrency.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
I thought it was just a FUD news came from an article but it seems it was been implemented already by Thailand. We all know that as part of government, we are expected to pay our taxes whenever and whatever our monthly salary comes from. Though it is in form of decentralized coin and digital currency. Government imposed taxes in cryptocurrency because I think a lot of whales and richest investor who wanted to become a tax exempted. I think it is just good in order to avoid tax evasion of either government and non-government people but I think it burdens the citizen a lot. So, I hope that the tax imposed was not too high for the crypto hodlers.On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
Reference: https://www.ccn.com/thailand-cryptocurrency-tax-rates/
It looks like up to 22% in total must be paid by investors to complete the tax regulation from Thailand's government. As long as this will be opening the broad adoption of crypto in Thailand and it looks beautiful.
Thailand's Ministry of Finance issues tax rules on cryptocurrency.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
I thought it was just a FUD news came from an article but it seems it was been implemented already by Thailand. We all know that as part of government, we are expected to pay our taxes whenever and whatever our monthly salary comes from. Though it is in form of decentralized coin and digital currency. Government imposed taxes in cryptocurrency because I think a lot of whales and richest investor who wanted to become a tax exempted. I think it is just good in order to avoid tax evasion of either government and non-government people but I think it burdens the citizen a lot. So, I hope that the tax imposed was not too high for the crypto hodlers.On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
Reference: https://www.ccn.com/thailand-cryptocurrency-tax-rates/
It looks like up to 22% in total must be paid by investors to complete the tax regulation from Thailand's government. As long as this will be opening the broad adoption of crypto in Thailand and it looks beautiful.
Thailand's Ministry of Finance issues tax rules on cryptocurrency.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
I thought it was just a FUD news came from an article but it seems it was been implemented already by Thailand. We all know that as part of government, we are expected to pay our taxes whenever and whatever our monthly salary comes from. Though it is in form of decentralized coin and digital currency. Government imposed taxes in cryptocurrency because I think a lot of whales and richest investor who wanted to become a tax exempted. I think it is just good in order to avoid tax evasion of either government and non-government people but I think it burdens the citizen a lot. So, I hope that the tax imposed was not too high for the crypto hodlers.On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
Reference: https://www.ccn.com/thailand-cryptocurrency-tax-rates/
Thailand's Ministry of Finance issues tax rules on cryptocurrency.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
So does that equate to a total of 22 percent tax ? Isn't it a bit high 15 percent for capital gain? How much are the normal capital gain taxes in Thailand ? I hope it's much higher. On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
Thailand's Ministry of Finance issues tax rules on cryptocurrency.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
On March 27, after a cabinet meeting, the Finance Minister of Thailand, Apisak Tantivorawong, announced a move to legislate to regulate cryptocurrency.
With this new law comes a regulation in which investors pay 7% value-added tax on all crypto trades, and 15% of capital gains on returns. This is after approving the draft rules.
Jump to: