The country's Revenue Department also plans to strengthen its surveillance of cryptocurrency trading this year.
With significant growth in market size and the value of the digital asset market in 2021, Thailand is set to impose a 15 percent capital gains tax on profits from cryptocurrency trading.
In 2022, all taxpayers who gained from cryptocurrencies, including investors and mining operators, are subject to a 15 percent withholding tax, while digital asset exchanges are exempt from such duties, «The Bangkok Post» reported on Thursday, citing an unidentified source in the Finance Ministry.
Legal Penalties
Profits from crypto trading can be considered assessable income, the ministry said. To avoid legal penalties, it recommended that investors identify their income from cryptocurrencies when filing their taxes this year.
