Head of Thailand Revenue Authority: Clear Criteria for Crypto Trading Profit Tax Will Be Determined in January

Thailand is fast-tracking its crypto tax plans and is expected to soon introduce tax regulations for digital asset traders to further clarify crypto-related activities.

According to the head of the Thai Revenue Authority, clear criteria for calculating the tax on profits from crypto transactions will be finalized in January 2022. Last week, Thailand’s Ministry of Finance said that profits from cryptocurrency trading are now subject to a 15% capital gains tax.

According to an article in the Bangkok Post on January 11, Thai Prime Minister Prayut Chan-o-cha has instructed the tax department to brainstorm the issue and provide information to investors and the public to clarify. At present, the Ministry of Finance of Thailand has contacted the Bank of Thailand. , the Securities and Exchange Commission of Thailand and the Stock Exchange of Thailand discussed related issues.