Belaws Home ›› Thailand ›› Legal ›› Blockchain ›› Taxes on crypto in Thailand
legal – blockchain
Taxes on crypto in Thailand
As of the 14th of May 2018, The Royal Decree on Amendment to the Revenue Code, introduced new measures for the taxation of Blockchain income. These amendments are as follows:
- 15% Withholding Tax (WHT) must be deducted from the receipt of Crypto income.
- 0-35% rates of Personal Income Tax (PIT) must be deducted from income derived, earned or received from Crypto between January & December of the tax year. The 15% WHT paid at the source can be claimed as a tax credit against any due PIT.
These measures are applicable to both residents and non-residents of Thailand.
before you start
Clear, efficient and dependable advice
for Blockchain taxation from expert lawyers
Receive blockchain taxation advice
to ensure full compliance
Our blockchain tax service will analyze your blockchain transactions to assess what taxable deductions are necessary and provide assistance for the payment of any taxes due.
Our team will assess each individual transaction and calculate the amount of WHT which needs to be deducted. Assistance will also be provided for declaring any income to the Revenue Department in order to ensure full compliance and prevent any form of retroactive tax collection. Additionally, at the end of the tax year, our experts will calculate the Personal Income Tax deduction (taking into consideration any tax credits earned from the payment of WHT) required for the tax year.
The Belaws blockchain tax service provides reliable advice and feedback relating to blockchain tax best practices to ensure our clients are in full compliance with the current legislation at all times.
Other relevant pages
Book your Legal Consultation
30 to 40 minutes.
With a Senior Lawyer and Blockchain Expert
200 USD / 200 USDT
get assistance on
Blockchain Tax Service
Work handled by a Blockchain expertThe last 3 posts of our blog
Belaws Thailand
Thailand’s New Financial Center to Attract Global Investors
13/11/2024
The Thai government has announced plans to develop a framework for establishing a world-class financial center.
The Thai government has announced plans to develop a framework for establishing a world-class financial center.
Proposed Cannabis Laws in Thailand: What is going to change in 2025?
21/10/2024
In September 2024, the Thai government announced a new legislative proposal related to Thailands Cannabis Laws was under consideration.
In September 2024, the Thai government announced a new legislative proposal related to Thailands Cannabis Laws was under consideration.
Destination Thailand Visa Tax Optimization for Remote Workers
15/10/2024
Destination Thailand Visa Tax Optimization for Remote Workers: Unlock strategies to maximize your stay, minimize taxes, and enjoy digital nomad life in Thailand.
Destination Thailand Visa Tax Optimization for Remote Workers: Unlock strategies to maximize your stay, minimize taxes, and enjoy digital nomad life in Thailand.
Belaws 2017 - 2024.
Belaws provides information and software only. Belaws is not a "lawyer referral service" and does not provide legal service or participate in any legal representation.
Belaws is not a law firm or a substitute for an attorney or a law firm. The use of Belaws is subject to our Terms of Use.