PM Wants Clarification on Cryptocurrency Gain Tax

[snoop1130]

 

BANGKOK, Jan 10 (TNA) – Prime Minister Prayut Chan-o-cha is aware of concerns about taxation on crytocurrency gains and has ordered the Revenue Department to clarify its policy to tax the gains, according to a deputy government spokesperson.

 

Deputy government spokeswoman Traisuree Taisaranakul said the prime minister acknowledged concerns from many parties about the Revenue Department’s requirement for those who made capital gains from their digital asset trading to pay tax. There were the concerns that the taxation could obstruct the development of new money markets and block fintech startups from investing in the country.

 

Full Story: https://tna.mcot.net/english-news-858572

 

-- © Copyright TNA 2022-01-10

 

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[ukrules]

9 minutes ago, snoop1130 said:

There were the concerns that the taxation could obstruct the development of new money markets and block fintech startups from investing in the country.

Yes indeed this new proposed tax will not go down well with the operators of the Thai crypto exchanges.

[GeorgeCross]

please understand that the gov needs its cut of your winning bets..

 

but as a gesture of good will you can keep 100% of your losers ????

 

 

[daveAustin]

Christ, he has to poke his nose everywhere doesn’t he! Probably thinks cryptocurrency is something Bigfoot uses to buy things with. Stick to what you know, playing pretend pow pow with your little fwends. 

[Laughing Gravy]

Thailand is always talking about innovators and getting 'new business people' into the country. Be like Malaysia and Singapore and don't tax crypto capital gains.

 

Its not rocket science.

[ukrules]

46 minutes ago, Laughing Gravy said:

Its not rocket science.

It doesn't need to be rocket science, remember - these people are idiots.

 

[Tarteso]

Christo what ?

 

[mikebell]

He's concerned it may impact on his gains.

[John Drake]

Of course tax them. A capital gains tax for mainly hiso Thai millennials, who are sitting at home and trading crypto in between jaunts to the mall and the latest fashionable restaurant. They aren't going to innovate anything.

[metisdead]

An inflammatory post has been reported and removed. 

[keysersoze276]

Lol. I am quite tech savvy and don’t really understand cryptocurrency (though I haven’t researched it yet… shame on me).  But this is the guy that said he couldn’t figure out homework given to first-graders. Just smile and nod, man!