Thailand introduces tax on overseas crypto earnings from 2024
Thailand’s Revenue Department has unveiled plans to tax overseas income, including cryptocurrency trading revenues, of individuals staying in the country for over 180 days. This updated regulation, set to be implemented on January 1, 2024, broadens the scope from the prior rule where only overseas income brought into Thailand within the earning year was subject to taxation. According to Bangkok Post, the change aims to ensure that all overseas earnings, irrespective of their use in the Thai economy, are declared. The focus appears to be on residents engaged in foreign stock trading via overseas brokerages, crypto traders, and Thai nationals with accounts abroad. You might also like: Thailand embraces crypto wallets for nationwide airdrop Thailand’s crypto landscape Thailand has witnessed a surge in crypto currency trading activities in recent years, attracting domestic and foreign investors. However, the country’s Finance Minister, Arkhom Termpittayapa...