The Revenue Department plans to finalise the discussion on a cryptocurrency capital gains tax on Jan 20, announcing details on the tax collection process and tax rates later this month.
The department convened a meeting to talk with digital asset operators, the Thai Digital Asset Association and market participants on Jan 11, collecting opinions on a capital gains tax from cryptocurrency trading.
The department is scheduled to hold a final meeting with market participants on Jan 20 before announcing information about tax rates and collection methods at the end of this month, said Suppakrit Boonsat, president of the Thai Digital Asset Association.
He said the department should clarify three issues before imposing the tax: how to calculate and pay such tax; how the tax rate can be relaxed; and whether the tax is considered a value-added tax, income tax or withholding…
