In any case, we recommend you ask a local accountant to find the best solution. If you plan to increase your equity (for example, buying a house), you will have a hard time explaining such a movement. However, we assume the fees charged for this transaction may grow. The only possible way to "avoid" such a tax rule is to withdraw funds (cryptocurrencies) via cash through exchangers. By the end of 2024, tax residents will have to pay the following share of their income:Įxperts note that the Thai crypto exchange Bitkub, through which many local players withdraw their winnings, will most likely be obliged to submit reports on the movement of funds to the Thailand Revenue Department (local tax). Thailand has a progressive taxation system.
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