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In Thailand crypto-investors will have to pay taxes soon


Kargai

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Posted

2018 will be the beginning of the regulation in the crypto market, we know that since last year. But it's more and more a reality in some countries and it's the case with Thailand.

Thailand's Finance minister sayd 2 days ago that investments in cryptos will be taxed in prevention of money laundering, tax evasion, and aiding in criminal activities. Investors will have to pay 7% value added tax + a 15% capital gains tax on their returns.

Source : https://asia.nikkei.com/Politics-Economy/Economy/Thailand-s-military-regime-plans-to-tax-cryptocurrencies

Last month Thaïland already said that if they don't plan to ban the use of cryptocurrencies in the country, its central bank has announced that financial institutions will no longer offer crypto-related services.

Posted

Why do i have the feeling that Philippines will do the same thing as well in 2-3 years. 

They(our gov't) always get or at least make a way to make Filipino citizens pay any form of taxes.:P 

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