Tax on crypto assets

[allanos]

It is reported that Thai authorities have abandoned the mooted idea of levying a 15% tax on

capital gains made from crypto trading or crypto mining, although there may be more

regulation of crypto introduced.

 

Will this encourage you to trade or mine more actively from now on?

 

Of interest today is that India has announced it will introduce its own official cryptocurrency

this year. India is also seriously considering imposing a 30% tax on capital gains made from

crypto trading.

 

No doubt central banks elsewhere will keep a close eye on both of these matters, as they

conduct their own research and development.

[beammeup]

Do you have a source? Would be good news if true.

[allanos]

3 hours ago, beammeup said:

Do you have a source? Would be good news if true.

As reported by Anthony Pompliano yesterday. Unfortunately, I cannot supply you the link.

 

The information regarding India's crypto rupee came from the BBC website.

[allanos]

3 hours ago, beammeup said:

Do you have a source? Would be good news if true.

Here's the link from the "Pomp".

 

 

[Heng]

They want to tax crypto gains, but it's going to stall at the 'who's going to explain how...' stage for awhile.  

 

We're still waiting on a one card metro (BTS/MRT/ARL) system because no one trusts anyone and that's with an accounting system that can physically count passengers.  

[beammeup]

There is this:

https://www.nationthailand.com/business/40011829

Move to ban cryptocurrency payments aimed at safeguarding financial stability

doesnt seem very positive from Feb 02

 

Then there is this:

https://www.nationthailand.com/business/40011801

Guidelines on filing tax returns for digital asset investors

from Feb 01. this says that profits from trading, mining and capital gains are taxed as income if there is profit. So either the Nation is wrong or Pomp is wrong. They both seem to have came out on around the same time.

 

Edited February 4, 2022 by beammeup

[Jenkins9039]

On 2/2/2022 at 11:02 PM, allanos said:

Of interest today is that India has announced it will introduce its own official cryptocurrency

this year. India is also seriously considering imposing a 30% tax on capital gains made from

crypto trading.

 

No doubt central banks elsewhere will keep a close eye on both of these matters, as they

conduct their own research and development.

Interesting how they 'implemented' the tax 'at the end of the tax year'. 

 

Surely like any 'normal' country, they have to announce, put in the gazette and then its any transactions from that specific point onwards.