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Revenue dept to finalise crypto tax details this month

Revenue dept to finalise crypto tax details this month

Government says it’s being cautious over crypto investment

A technician on a cherry picker inspects racks of illuminated mining rigs at the Minto cryptocurrency mining centre in Nadvoitsy, Russia. (Bloomberg file photo)

Clear criteria for calculating withholding tax on profits from cryptocurrency and digital asset trading are expected be finalised this month, the Revenue Department director-general said on Monday.

Ekniti Nitithanprapas said Prime Minister Prayut Chan-o-cha had instructed the department to brainstorm with all parties in clarifying the issue for investors and the public in general.

Profits earned from cryptocurrency trading, Bitcoin mining and the dividends or interest gained from…

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