Thailand levies VAT on bitcoin
- Mar 20, 2018 | Richard Asquith
Thailand’s Cabinet has moved to levy 7% VAT on digital currency (e.g. bitcoin) transactions. This is aimed at curbing money laundering and tax evasion. The Council of State will have to ratify the widening of the tax net.
Over the past three years, the EU, South Korea and Japan have exempted from such consumption taxes. Trading gains will also be liable to Capital Gains Tax, like many countries.
Thailand VAT news
Total results : 4
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/apac/thailand,avalara:content-tags/tax-type/vat,avalara:content-tags/primary-blog-tags/vatlive/location/asia/thailand
Jan-11-2023
Union vs non-Union OSS: what’s the difference?
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/apac/thailand,avalara:content-tags/tax-type/vat,avalara:content-tags/primary-blog-tags/vatlive/location/asia/thailand
Nov-8-2022
UK VAT Guide - Avalara
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/apac/thailand,avalara:content-tags/tax-type/vat,avalara:content-tags/primary-blog-tags/vatlive/location/asia/thailand
Jul-4-2022
North America Country VAT Guide - Avalara
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara