Top Jirayus, the founder of Bitkub, posted a message on Facebook asking for his opinion on the “Constructive suggestions for laying down a tax collection policy on digital asset trading.”
https://www.facebook.com/photo?fbid=487087922776049&set=a.327148135436696
It states, “My team and I have created a feedback form at the link below. You can fill out comments and suggestions here. I and my team will bring suggestions from everyone in order to be representatives to discuss ways with relevant agencies in the future.”
Previously, the IRS has spoken about the capital gain tax of “cryptocurrency”, requiring a 15% withholding tax. The personal income tax payable in relation to cryptocurrencies are as follows:
1. In case of profit from salesOr exchange cryptocurrency (Capital Gain) is considered income under Section 40 (4) (i). The seller is responsible for filing the PND. 90 form while the buyer is obliged to deduct. withholding tax 15%
2. In the case of using cryptocurrencies to pay for goods or servicesby more value than when it was acquired considered as income under 40 (4) (i) person who pays for goods or services with cryptocurrencies There is a duty to file a P.N.D.90 form while the recipient pays for goods or services with cryptocurrencies. There is a duty to withhold tax at source of 15%.
3.In the case of giving without compensationIt is considered income under 40 (8), divided into general cases where the recipient has to submit a P.N.D.90 form and a P.N.D. 94 form. In this case, the giver does not have to withhold tax, while some In the case of income withholding tax or Final withholding tax and in the case of tax exemption, no need to file a form But when selling, they must submit a P.N.D.90 form, while those who pay the prize money in a cryptocurrency of 1,000 baht or more are obliged to withhold tax at 5%.
4.In the case of inheritanceIt is considered income under 40 (8) when receiving inheritance and when selling is exempt from tax. You do not have to file a tax return.
5. In case of receiving from work regarded as all types of incomeThe recipient is obliged to file a P.N.D.90 form, and if they have income under Section 40 (5)-(8), they must file a P.N.D.94 form. In this case, they may be subject to withholding tax.
6. Mining caseIt can be considered as income under 40 (8). The winning digger has a duty to submit a P.N.D.90 form and a P.N.D. 94 form.
7. In the case of depositing coins, taking interest (Staking) Can be considered as income under 40 (4) (g) The depositor is obliged to file a P.N.D.90 form. The intermediary or exchange is obliged to withhold 15% of the withholding tax.
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