I have been giving some thought to selling some bitcoins I have held for 5 years. I bought it before I moved to Thailand. It is now worth around a few hundred thousand dollars. I did some googling and research for Thai crypto tax law and if I am correct it would be 35% income tax? Has anyone ever cashed out a large sum here and know if this is correct. I know there is the 15% tax but it seems that this is only the lower figure, with 35% still being the tax level if you exceed a certain threshold.
Cryptocurrency tax - 35% is correct?
in Cryptocurrency News
Posted
Hi
I have been giving some thought to selling some bitcoins I have held for 5 years. I bought it before I moved to Thailand. It is now worth around a few hundred thousand dollars. I did some googling and research for Thai crypto tax law and if I am correct it would be 35% income tax? Has anyone ever cashed out a large sum here and know if this is correct. I know there is the 15% tax but it seems that this is only the lower figure, with 35% still being the tax level if you exceed a certain threshold.
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