Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Thailand taxing crypto trading?

Featured Replies

What about tourists (let's say 2 months in the country) who trade crypto online (illegal since no work permit) would these theoretically still be taxed or does this only apply to people tax resident in Thailand?

 

Quote

Commenting on those who live in Thailand but trade digital assets abroad, Mr Saroch said it's the duty of taxpayers to declare such income, otherwise they will face both civil and criminal penalties if the Revenue Department discovers the transactions.

https://www.bangkokpost.com/business/finance/1465926/icos-no-go-amid-public-vetting

 

Please interpret.

 

Quote

live in Thailand

Meaning tax resident in Thailand?

 

Quote

declare such income

 

To whom? Country of tax residency or to Thailand?

 

Quote

trade digital assets abroad

How do I trade digital assets abroad? Meaning physically being in Thailand but trading online using exchanges incorporated outside of Thailand?

 

Meaning, if one is tax resident in Thailand (let's say 200 days in Thailand per calendar year) and not doing any trading then being in a different country and trading... Eventual profits would have to be reported?

 

Quote

otherwise they will face both civil and criminal penalties

Extend? Law?

 

Quote

if the Revenue Department discovers the transactions.

How? Transactions on bx.in.th or what else?

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.