The Revenue Department has the authority to collect taxes from cryptocurrency trading as profits from such activity can be considered assessable income under Section 40 of the Royal Decree amending Revenue Code No.19. The financial transaction tax applies to share sales by individual investors trading on the Stock Exchange of Thailand. The ministry is still considering whether the transaction tax should be applied to revenue per transaction of share sales or only to the profit. The Revenue Department expects to gain revenue of around 20 billion baht from this transaction tax. This plan would increase department revenue and ensure fair treatment for all, he said.

Source: Bangkok Post January 17, 2022 01:19 UTC