• About
  • Coincu
  • Hot topics
  • Random
  • Exchange
  • Dotscan
Tuesday, August 16, 2022
CoinCu News
No Result
View All Result
  • Login
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • Defi
    • GameFi
    • NFTs
    • Metaverse
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • Defi
    • GameFi
    • NFTs
    • Metaverse
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home Market

Thailand passes new crypto tax law, traders are taxed at 15% on capital gains

January 7, 2022
in Market
375
91
SHARES
3k
VIEWS
Share on Facebook

Crypto Market Highlights August 16, 2022

Ripple To Power Remittances Between Japan And Thailand

Thailand has announced that domestic traders will now have to pay a 15% capital gains tax on all of their crypto transactions.

Thailand Adopts New Cryptocurrency Tax Law

On Jan. 6, Thailand’s Treasury Department reported that crypto industry players such as investors and mining companies are subject to the new tax law, Bangkok Post Messages.

The country’s Treasury Department is closely monitoring the industry with the aim of boosting revenue from the crypto sector, which has seen impressive trading volumes in 2021.

Thailand passes new crypto tax law, traders are taxed at 15% on capital  gains - CoinCu News

Surprisingly, the new tax law spared crypto exchanges, which means exchanges don’t have to pay the 15% tax. In particular, some exchanges have ties to major banks and business giants in Thailand.

For example, Thailand’s leading bank acquired a 51 percent stake in the country’s largest stock exchange, Bitkub, in November.

Another good example is Zipmex Thailand which is affiliated with Ayudhya Bank. The exchange raised over $ 40 million from the fifth largest bank last August.

New cryptocurrency laws could get complicated for the layman

Speaking of the new crypto tax law, Zipmex co-founder and CEO Akalarp Yimwilai noted that traders are interested in paying crypto taxes, but the tax methods and calculations are too complicated for ordinary people.

“Tax methods and methods must be shorter, clearer and easier to understand. A lot of people I know want to pay taxes but don’t know how. “

Thailand is known as a global tourist center, attracting millions of tourists every year. The country’s tourism ministry is working tirelessly to revitalize the crypto industry with new initiatives to revitalize the industry. However, the Thai central bank is trying to crack down on digital assets.

Last December, the Central Bank of Thailand announced plans to introduce new measures to regulate crypto-related activities for individuals and businesses. In fact, it will publish an advisory report on the financial landscape later this month.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page

Contents

  • Thailand Adopts New Cryptocurrency Tax Law
  • New cryptocurrency laws could get complicated for the layman
Tags: #LawCapitalcryptogainspassestaxtaxedThailandtraders
Previous Post

XRP Army wants to put the SEC under pressure through Joe Rogan Podcast

Next Post

Cryptocurrency market January 7, 2022: Bitcoin struggles, Ethereum tries to recover

Other Posts

Crypto Market Highlights August 16, 2022
Market

Crypto Market Highlights August 16, 2022

August 16, 2022
ZipMEX Investors Pressed CEO To Resign
Market

ZipMEX Investors Pressed CEO To Resign

August 16, 2022
Crypto Market Highlights August 15, 2022
Market

Crypto Market Highlights August 15, 2022

August 15, 2022
Crypto Market Highlights August 14, 2022
Market

Crypto Market Highlights August 14, 2022

August 14, 2022
Crypto Market Highlights August 13, 2022
Market

Crypto Market Highlights August 13, 2022

August 13, 2022
India’s ED Freeze $46 Million In Vauld’s Assets
Market

India’s ED Freeze $46 Million In Vauld’s Assets

August 13, 2022
Next Post
Cryptocurrency market January 7, 2022: Bitcoin struggles, Ethereum tries to recover

Cryptocurrency market January 7, 2022: Bitcoin struggles, Ethereum tries to recover

Leave Comment

Contents

  • Thailand Adopts New Cryptocurrency Tax Law
  • New cryptocurrency laws could get complicated for the layman
  • Federal Reserve Allowing Cryptocurrency Banks Access To Central Banking System

    Federal Reserve Allowing Cryptocurrency Banks Access To Central Banking System

    120 shares
    Share 48 Tweet 30
  • Aave Blocking All Addresses Linked To Tornado Cash, Including Justin Sun

    126 shares
    Share 50 Tweet 32
  • Google Sites And Microsoft Azure Are Being Used To Steal Cryptocurrency

    101 shares
    Share 40 Tweet 25
  • Luna Collapsed, Family In Korea Decided To Commit Suicide

    115 shares
    Share 46 Tweet 29
  • Su Zhu And Kyle Davies, 2 Co-founders Of 3AC Are Currently Unknown

    151 shares
    Share 60 Tweet 38
Jump Crypto Joins Solana Blockchain Building

Jump Crypto Joins Solana Blockchain Building

August 16, 2022
Lido To Expand To Optimism And Arbitrum As First Step Of Its Layer-2 Plan

Lido To Expand To Optimism And Arbitrum As First Step Of Its Layer-2 Plan

August 16, 2022
TRM Labs Explains Tornado Cash Address Blocking

TRM Labs Explains Tornado Cash Address Blocking

August 16, 2022
Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

August 16, 2022
Crypto Market Highlights August 16, 2022

Crypto Market Highlights August 16, 2022

August 16, 2022
Celsius’ $750 Million Insurance Being A Falsehood And Willful Deception Is Made

Celsius’ $750 Million Insurance Being A Falsehood And Willful Deception Is Made

August 16, 2022
Ripple To Power Remittances Between Japan And Thailand

Ripple To Power Remittances Between Japan And Thailand

August 16, 2022
Acala Successfully Regain Peg For AUSD After 2 Days Of Problems

Acala Successfully Regain Peg For AUSD After 2 Days Of Problems

August 16, 2022
The Crypto Market Has Added Over 700 New Coins In Q3

The Crypto Market Has Added Over 700 New Coins In Q3

August 16, 2022
BlueBenX Staging a $32 Million Hack To Make Up For Loss?

BlueBenX Staging a $32 Million Hack To Make Up For Loss?

August 16, 2022
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Polkadot Scan
  • Metaverse
  • Polygon
  • Coinbase
  • Trending
  • Top Coin
  • Vi
  • DFH
  • CryptoLinks

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
    • GameFi
    • NFT
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Dotscan

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In