Tag: taxation

New Taxation Proposal can Boost Cryptocurrency Merchant Adoption

Most personal transactions where a capital gain occurs are subject to taxation. A newly proposed bill in the US House of Representatives could change things up a bit in this regard. Do not expect the taxable gain to be eradicated completely, however. Changing Crypto Taxation for the Better This peculiar proposal aims to take a slightly different approach to capital gains taxes. Any personal transactions with a profit of under …
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Thai Cryptocurrency Experts Engage the Government Regarding Taxation Guidelines

Cryptocurrency regulation has always been a rather controversial topic. It is, by default, nearly impossible to effectively regulate an industry which is decentralized and has no central entity. Even so, officials in Thailand are looking to make inroads in this area. They will meet with blockchain and cryptocurrency experts this week to discuss future laws and regulatory measures. The Future of Bitcoin Regulation in Thailand Asian countries have taken somewhat …
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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 …
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Crypto Enthusiasts Demand Thailand’s Finance Ministry Revamp Taxation Guidelines

Capital gains taxes will always remain a controversial topic. This is especially true in Thailand, by the look of things, as the cryptocurrency community wants the nation’s Finance Ministry to rethink its guidelines in this regard. For most people, this is also an effort to create a more lenient ecosystem for initial coin offerings. Thailand’s Crypto Capital Gains Tax Concerns No one likes to deal with taxation guidelines associated with cryptocurrencies. This has …
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