Friday, 24 March, 2023

Thailand crumbs 15% tax on cryptocurrencies

<p>Thailand, followed by the from the industry, announced the scrapping of the planned 15% withholding tax on cryptocurrencies on 31st Jan, according to Financial Times. The Thai Revenue Department has published a manual describing the new tax laws that apply to cryptocurrencies and digital tokens in this regard. Furthermore, the new rules will help the traders offset their annual losses against gains made in the same year, according to tax officials.</p>