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This seems unfair, doesn’t it? When buying cryptocurrency, there’s usually a cost involved, right? Take USDT for example—it’s bought in terms of USD, and that’s the cost basis. It doesn’t make sense to pay tax on the entire sales amount without accounting for the initial investment. Shouldn’t the tax be calculated based on the profit, where the cost is determined at the time of transferring the crypto to a regulated exchange, rather than on the full sales amount? This way, it would be much fairer to reflect the actual gain.

Hi everyone, I’m looking for advice on whether there are service providers in Thailand who help individuals with tax filing. I understand that accounting firms here usually cater to businesses rather than individuals, but I was wondering if there are any agencies or professionals who offer this service to individuals. I’d also love to know about the general process and fees involved. Thank you in advance for your help and suggestions!

Hi everyone, I recently came across a part of Thailand’s Royal Decree (No. 789) related to personal income tax exemption, and I’m a bit unclear about its scope. Here’s the original text: My questions are: 1. What exactly are “Digital Investment Tokens”? What kind of tokens or assets fall under this category? 2. Does this exemption also apply to profits from trading cryptocurrencies like Btc or Eth? In other words, are profits from buying and selling cryptocurrencies exempt from personal income tax under this policy? Thanks in advance!

So, the Elite Visa is not included in the recognized visa categories mentioned above?

Hi everyone, Does anyone know if Binance Thailand supports KYC verification for Thai Elite Visa holders? I couldn’t find a clear answer on their website. Here’s the FAQ link for reference: https://www.binance.th/en/faq/account-function/a6760d03d73947e8b188dbc3c10cab91 Would appreciate it if anyone could share their experience.

My understanding is that if you transfer cryptocurrency from a foreign exchange(or cold wallet) to a Thai exchange, you only need to pay personal income tax on the profit portion. The cost basis of the cryptocurrency is calculated based on the price on the day it is transferred to the Thai exchange, not on the entire sale amount.

Got it, thank you very much! I now realize I might have posted in the wrong section—apologies for the mistake. If possible, I’d appreciate it if the moderators could move this post to the correct sub-forum, or feel free to delete it if necessary. Thanks again for the advice and understanding!

I found an article on Bitkub’s support page about cryptocurrency taxes. https://support.bitkub.com/en/support/solutions/articles/151000033321-cryptocurrency-tax-and-frequently-asked-questions If someone is classified as a non-tax resident (i.e., they have not stayed in Thailand for 180 days or more within the tax year), are they still required to pay personal income tax on cryptocurrency gains earned through Exchange?

Thank you for your reply! I have a few follow-up questions regarding taxation on cryptocurrency gains: 1. How is the profit calculated? For example, if I have both gains and losses from different trades, are the losses deductible from the gains? 2. Does Bitkub automatically withhold the taxes for me, or do I need to calculate and report the income myself?

Hi everyone, I’m currently trading cryptocurrencies on Bitkub, and I’m wondering about the tax obligations in Thailand regarding crypto gains. Specifically: • Are profits from trading cryptocurrencies taxable in Thailand? • If yes, what kind of taxes apply, and how should I report them? • Are there any exemptions or specific thresholds I should be aware of? I appreciate any insights or advice from those who have experience with this. Thank you in advance!