allanos Posted February 2, 2022 Share Posted February 2, 2022 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. Link to comment Share on other sites More sharing options...
beammeup Posted February 3, 2022 Share Posted February 3, 2022 Do you have a source? Would be good news if true. Link to comment Share on other sites More sharing options...
allanos Posted February 3, 2022 Author Share Posted February 3, 2022 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. Link to comment Share on other sites More sharing options...
allanos Posted February 3, 2022 Author Share Posted February 3, 2022 3 hours ago, beammeup said: Do you have a source? Would be good news if true. Here's the link from the "Pomp". Link to comment Share on other sites More sharing options...
Heng Posted February 4, 2022 Share Posted February 4, 2022 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. 1 Link to comment Share on other sites More sharing options...
beammeup Posted February 4, 2022 Share Posted February 4, 2022 (edited) 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 Link to comment Share on other sites More sharing options...
Jenkins9039 Posted February 8, 2022 Share Posted February 8, 2022 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. Link to comment Share on other sites More sharing options...
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