ICYMI: Thailand introduces relaxed cryptocurrency taxation laws cryptoregulation cryptotax
Bitcoin remains the most popular cryptocurrency in the country, just as in any other part of the world.Previously, sources from the Finance Ministry of Thailand stated that everyone profiting from cryptocurrency trading will have to pay a 15% gains tax from selling digital currencies. The ministry has recommended that market participants mark their income from cryptocurrencies separately in 2022.
Numerous industry representatives stated that it is extremely complicated to properly file cryptocurrency trading incomes since the majority of cryptocurrency trading pairs are tied to the United States dollar rather than THB, which quite often fluctuates against the U.S. currency.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs. Ancient Wallet with 407 BTC Awakens, Wirex Adds SHIB, Binance Now Has Its Own Payment Provider: Crypto News Digest by U.Today