TheMerkle
2018-04-26 22:00:29

Thai Regulators Reject Request to Revamp Cryptocurrency Taxation Guidelines

Various digital asset operators in Thailand have submitted a request to remove capital gains taxes on cryptocurrencies. Unfortunately, that request has been denied by the country’s Revenue Department. The 15% withholding tax on digital asset trades will remain in place for the foreseeable future, which may hinder the country’s chances of making a positive impact in the cryptocurrency industry. Thailand Maintains Cryptocurrency Withholding Tax Every time a country’s government or financial agency decides to issue cryptocurrency taxation guidelines, there is a lot of feedback to contend with. Although one might argue taxing Bitcoin and other currencies brings more legitimacy to this new