Taxes on Crypto profits in Thailand!
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 deducted from [capital gains] profit, earned or received from Crypto during any tax year. The 15% WHT [already paid at realization] can be claimed as a tax credit against any further PIT due. Assessment is applicable to both residents and non-residents of Thailand and a further breakdown of these applicable taxes can be found below.