Thailand will start collecting tax on profit made from trading cryptocurrencies and other digital assets as an increasing number of investors pile into these assets, according to the Finance Ministry.
- Investors will need to pay applicable income tax on profits made from digital assets after deducting losses made on trades transacted through recognized platforms, the Revenue Department Director-General
Ekniti Nitithanprapassays at a briefing in Bangkok on Friday
- Exchanges and other digital assets platforms may not collect withholding taxes where they can’t identify the end beneficiaries
- Revenue department will propose exempting payment of value-added tax on digital asset transactions done ...