Samui Law Firm

As of the 14th of May 2018, The Royal Decree on Amendment to the Revenue Code, introduced new measures for the taxation of Blockchain income. These amendments include a) 15% withholding tax [WHT] must be deducted from the receipt of Crypto [capital gains] profit and b) 0-35% rates of Personal Income Tax [PIT] must be deducated from [capital gains] profit, earned or received from Crypto during tax year. The 15% WHT [paid at realization of such profit] can be claimed as a tax credit against any further PIT due .