Thai Cryptocurrency Exchanges Inform Customers About New Tax Policies

Cryptocurrency exchanges in Thailand are informing customers about the tax implications arising from their cryptocurrency trading activities in the country. The move comes in response to recent tax policies introduced by the Thai government to generate revenue from the crypto space. Exchanges, such as Bitkub, have updated their websites to provide information about the changes. According to the updated FAQ section, crypto taxpayers include individuals who have sold, paid, transferred, or exchanged a cryptocurrency/digital token on a registered exchange in Thailand, as well as crypto miners and those earning in cryptocurrencies. The FAQ page outlines details about taxes on digital assets held by users. Notably, exchanges clarify that they do not disclose customer information to tax authorities unless requested by the customer. By notifying customers about tax obligations, exchanges are aligning with regulatory requirements and promoting compliance within the industry. (Source: coinedition)