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Bit of Bitcoin: Thailand’s plan to tax cryptocurrencies


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Bit of Bitcoin: Thailand’s plan to tax cryptocurrencies

By Coconuts Bangkok

 

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Taxation is no joke in Thailand, with imported goods carrying a 30 percent import duty and packages regularly stopped at the border to pay tariffs as well.

 

According to Nikkei Asian Review, the military-led government has seen another way to build up their coffers as well — by taxing cryptocurrencies.

 

The government announced plans to tax crypto-investors on March 27 after the weekly cabinet meeting. Finance Minister Apisak Tantivorawong said that the proposed plan is meant to keep the new financial system from being harnessed by those laundering money, trying to avoid taxes, or taking part in other criminal activities.

 

Full Story: https://coconuts.co/bangkok/news/bit-bitcoin-thailands-plan-tax-cryptocurrencies/

 
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-- © Copyright Coconuts Bangkok 2018-4-3
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