Players in Thailand’s crypto markets have petitioned the Finance Ministry to either delay or waive altogether a combined 22% tax burden aimed at dissuading investors from putting money into ICO’s and cryptocurrency within the Kingdom.
Reformers Seek Changes in New Thai Tax Before it Takes Effect
On March 29, a royal decree was handed down to the Finance Ministry outlining new tax guidelines for the cryptocurrency market as was reported in NewsBTC. These new taxes came in the form of a 7% value-added tax (VAT) on all cryptocurrency trades plus a 15% capital gains
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