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  • Thailand Crypto Tax Advice

    AT A GLANCE

    Thailand Crypto Tax Advice

    Confused about crypto taxes in Thailand? Connect with Tax Natives for expert advice on capital gains, DeFi, and NFT tax compliance.

    Last Updated 06/11/2024

    Ask a free Thailand Crypto Tax Advice tax question

    Get expert advice from our local specialists.

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    AT A GLANCE

    Connect with an expert from the Tax Natives network today to say goodbye to your crypto tax woes and keep more of your gains.

    Keep more of your crypto gains

     

     

    CONNECT WITH THAILAND’S LEADING CRYPTO TAX ADVISORS

    Crypto taxes in Thailand can be confusing, but you’re not alone. Whether you’re unsure what’s taxable under Thai law or are at risk of auditing due to poor record-keeping, the Tax Natives experts have seen it all. We’re here to help.

    Let’s make sure your crypto investments don’t turn into extra stress.

    Help me figure out my crypto taxes!

     

     

    THE HEADLINES

    Thailand is fast becoming a prime destination for cryptocurrency, thanks to investor-friendly tax policies and attractive incentives for businesses. This welcoming environment is fueling crypto growth and innovation.

    • Personal income tax – Up to 35%, taxed progressively.
    • VAT exemption – 7% VAT waived on all domestic crypto trades.
    • Withholding tax on investment tokens – 15% standard rate waived on profits from investment tokens.

     

    THAILAND CRYPTO TAX RATES

    If you want to understand Thailand’s crypto tax obligations, there are some key tax types and considerations you need to make, including:

    Tax Type/Consideration Implication Notes
    Crypto Trading Capital Gains Tax (CGT) applies to profits from buying and selling crypto CGT rates vary based on individual circumstances and income level
    Crypto Mining Income Tax applies to crypto earned through mining Crypto miners may be considered self-employed and subject to additional tax obligations
    Staking & DeFi Income Tax or CGT may apply, depending on the specific activity and circumstances Tax treatment of staking and DeFi activities can be complex and requires careful consideration
    NFTs CGT applies to profits from buying and selling NFTs NFTs are generally treated as assets for tax purposes
    Airdrops Income Tax may apply to the value of crypto received through airdrops Tax treatment of airdrops can vary depending on the circumstances
    Crypto Payments Businesses accepting crypto payments may need to account for VAT and potential CGT Businesses should consult with a tax advisor to ensure compliance with VAT and other tax obligations when accepting crypto payments
    Crypto Payroll Paying employees in crypto triggers PAYE and National Insurance obligations Businesses need to ensure proper payroll tax withholding and reporting when paying employees in crypto
    Record Keeping Maintaining accurate records of all crypto transactions is crucial for tax compliance HMRC requires individuals and businesses to keep detailed records of their crypto transactions, including dates, amounts, and types of transactions
    Reporting Crypto transactions need to be reported on Self Assessment tax returns or Company Tax Returns Individuals and businesses must declare their crypto gains and losses on their tax returns
    Loss Relief Losses from crypto transactions can potentially be offset against gains for tax purposes Specific rules apply to claiming loss relief for crypto transactions
    Tax-Efficient Strategies Various strategies can help minimise crypto tax liabilities Consult with a crypto tax advisor to explore tax-efficient strategies, such as utilising tax allowances, claiming allowable deductions, and considering the timing of transactions

     

    GET YOUR CRYPTO TAX EXPERT TODAY

    If this sounds like something you need, you’re just three simple steps away from expert crypto tax guidance.

    1. GET IN TOUCH

    Use our simple contact form to tell us about your Thailand crypto tax problems and goals. After that, we’ll take it from there.

    2. GET MATCHED

    With help from our intelligent matching system, you’ll be connected with the best, most qualified Thailand crypto tax advisor for your needs.

    3. GET GUIDANCE

    From there, it’s just you and your chartered advisor who’ll work hard to lower your obligations and maximise your gains in Thailand.

    Put me in touch now!

     

     

    CRYPTO TAX SOLUTIONS IN THAILAND

    Whether you need personal or business crypto tax solutions in Thailand, we’ve got the right advisor for you. From NFT taxation to capital gains questions, get your tailored advice now for total peace of mind.

     

    PERSONAL CRYPTO TAX SERVICES

    We can help a wide range of people struggling with their personal crypto tax problems. If you’re any of the following, we’ve got the expert for you.

    CRYPTO INVESTORS AND TRADERS

    • Capital gains tax (CGT) – Calculating CGT from crypto investments can be tricky and time-consuming. Let us take the guesswork out and make sure you avoid unexpected tax bills on your gains.
    • Crypto trading and investment tax – With price shifts and constant transactions, you need airtight compliance. Let us help without losing track of your profits.
    • Income tax – If you’re unsure which earnings are taxable, you could be left with a hefty tax bill. We’ll help you correctly report your crypto earnings, keeping you in good standing with authorities.
    • DeFi/staking advice – Let us break down the rules around staking and liquidity rewards so you only pay what’s necessary and nothing more. Stay compliant without overpaying.
    • Mining/airdrop advice – Understand the overlooked details of mining tax liabilities to avoid penalties, stay fully compliant, and manage your assets with confidence.

    DEFI USERS AND DIGITAL ASSET PARTICIPANTS

    • DeFi/staking – Whether you’re staking tokens or providing liquidity, tax obligations can get tricky to handle. Make sure you only pay what’s needed and stay on the right side of the law.
    • NFT advice – Tax responsibilities may not be at the top of your mind if you’re a creator, collector, or trader. We make sure you report profits, losses, and any other royalties to help you stay compliant.
    • Income tax – DeFi earnings are often classified as income, so make sure you’re accurately reporting them to avoid unexpected bills.

    CRYPTO ASSET RECIPIENTS

    • Mining/airdrops – Whether you’ve been mining for years or recently received an airdrop, we’ll help manage your crypto tax obligations so you can focus on growing your assets.
    • Income tax – Let us break down how your earnings should be filed so you’re always in full compliance and can focus on building your portfolio without tax worries.

    INDIVIDUALS MANAGING CRYPTO ASSETS DURING MAJOR LIFE EVENTS

    • Inheritance tax – Inheriting crypto assets can be tricky, so let us help you understand your obligations so everything is handled correctly and you can focus on what matters most.
    • Investment tax – We can help you with the intricate tax scenarios that come with frequent trades and large investments so your portfolio is optimised for minimal liabilities.
    • Foreign income – Your foreign crypto income shouldn’t be a source of stress – make sure your earnings are reported correctly so you’re compliant with local and Thai tax authorities.
    • Capital gains tax (CGT) – Our CGT advice can help you accurately track and report the gains on your crypto portfolio, so you don’t overpay and can keep focusing on growing your investments.

    EXPATS AND NON-RESIDENTS

    • Foreign income – Handling crypto earnings from foreign sources can be confusing, so we’ll make sure you’re compliant with tax regulations in Thailand and elsewhere.
    • International crypto tax – Holding crypto assets in multiple jurisdictions? Let us help you tackle different regulations so you stay compliant in every country without any surprises.
    • Crypto tax compliance/reporting – We help you make sure all your legal obligations are met, from accurate reporting to filing, so you can manage your assets without worry of fines or penalties.

     

    BUSINESS CRYPTO TAX SERVICES

    Boost your profits and keep stakeholders happy with expert crypto tax advice designed to cut your obligations and protect your bottom line.

    SMES DEALING WITH CRYPTO

    • Assets and company income – If your business holds crypto assets, we can help you account for them properly so your liabilities are low and you fully comply with Thai regulations.
    • Crypto trading and investment – Let us help you manage the tax implications of every trade you participate in so your business remains compliant and profitable.
    • International crypto tax – If you’re a multinational handling crypto, we can help you stay in line with cross-border regulations, minimising risks in and outside of Thailand.

    CRYPTO PLATFORMS AND COMPANIES

    • Crypto payments and VAT – Let us handle the VAT on your crypto-related services so you can focus on running your platform smoothly without worrying about compliance with Thai regulations.
    • Employment taxes – Paying your team in crypto? Let’s make sure your payroll is compliant with Thai regulations and you don’t underreport or misclassify payments.
    • Compliance and reporting – Whether you’re a blockchain company or crypto exchange, let’s make sure your platform meets all necessary reporting requirements, from transaction tracking to tax filing.

    CRYPTO MINING OPERATIONS

    • Mining and airdrop tax advice – Let’s make sure your mining operations are compliant with tax regulations, and you can accurately report your earnings and avoid penalties.
    • Crypto payments and VAT – Correctly applying VAT on your chargeable services is important, so let’s make sure every payment is handled properly and you can maximise profitability.
    • Revenue Dept investigations – Let us help you prepare for and avoid tax investigations by keeping your records accurate. Reduce the risk of audits and protect your business from costly investigations.

     

    YOUR TRUSTED PARTNER FOR THAI CRYPTO TAX

    If you need to master Thailand’s crypto tax scene, Tax Natives has got you covered. From traders to investors and even cross-border corporations, our network of chartered tax advisors has the expertise to make light work of your crypto tax problems. Let us help keep you compliant and your tax obligations to a minimum.

    No guesswork, just simple advice.

    Speak with a chartered advisor now

     

     

    WHY CHOOSE TAX NATIVES FOR CRYPTO TAX?

    When you choose Tax Natives for our expert Thailand crypto tax advice, you’ll get all of the following and more:

    • Thailand-specific expertise – Work with a network of top chartered tax advisors specialising in Thailand’s crypto tax laws.
    • Personalised, proactive advice – Get matched with the perfect advisor who provides customised tax guidance on your holdings.
    • Transparent, affordable pricing – Competitive pricing with no hidden fees, so you get the best value for your crypto tax planning.

     

    UNLOCK THAILAND’S CRYPTO TAX ADVANTAGES

    Want peace of mind knowing your crypto investments are profitable and compliant? Connect with our expert advisors today for help with everything from reporting to asset structuring.

    Get peace of mind on your tax

     

     

    MASTER THAILAND’S CRYPTO TAX WITH CRYPTO TAX DEGENS

    Take control of your crypto taxes with the help of Crypto Tax Degens. Our expert-led courses and supportive community offer all the tools and advice you need to manage your crypto tax obligations with confidence. Join a network of like-minded investors, access valuable resources, and learn how to handle your taxes like a pro, so you can invest and trade while staying fully compliant.

     

    EXPAND YOUR REACH AND EXPERTISE IN CRYPTO TAX

    Join Tax Natives’ exclusive network of crypto tax professionals and unlock access to a growing community of clients ready to connect. Our platform pairs advisors with clients looking for specialised crypto tax solutions in Thailand, helping you expand your reach, build global collaborations, and grow your business faster than ever.

    Our services are suited for:

    • Tax advisors and accountants
    • Lawyers and solicitors
    • Financial advisors and wealth managers
    • International tax experts
    • Crypto tax consultants and specialists

     

    FIND THAILAND CRYPTO TAX EXPERTS IN YOUR AREA

    Looking for an expert crypto tax advisor in a certain part of Thailand? Our location-based matching service makes it simple to connect with specialists in Thailand who can guide you through any crypto tax challenge. From Bangkok to Chiang Mai, find the local crypto tax professional you need to stay compliant and maximise your savings.

    Get crypto tax advice now

    How Tax Natives works.

    Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.

    Ask a question to get started

    STEP ONE

    Select the 'Ask a question button located on the top of each page and follow through the process to compose your question

    STEP TWO

    Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.

    STEP THREE

    Each Tax Native has to accept a question from an Explorer before a conversation can begin. Once the Tax Native has accepted your question, a quote will be submitted for approval through the messaging portal.

    Your crypto tax FAQs answered

    How is crypto taxed in Thailand?

    In Thailand, profits from crypto transactions are subject to personal income tax, with rates ranging from 5% to 35%, depending on total income. Gains from trading, staking, and mining are all taxable, and crypto investors must also report overseas earnings if brought into Thailand. Domestic crypto trades are exempt from VAT as of 2024.

    What records do I need to keep?

    You should keep detailed records of every crypto transaction, including the date, type of transaction, and associated costs and feeds. This helps you keep your tax reporting accurate and free of complications during audits. 

    How do I report crypto on my tax return in Thailand?

    To report crypto earnings, you should include them in your annual personal income tax return as capital gains or income, depending on how they were acquired. Thailand lets you calculate the cost basis using the First In First Out (FIFO) or Moving Average Cost method.

    How do Tax Natives ensure advisor quality in Thailand?

    We vet our crypto tax advisors to make sure they have deep knowledge of Thailand’s tax regulations and have a proven track record of success. Each advisor stays updated on all the latest crypto tax laws, so you get only the best, most reliable advice for your needs.

    GET PERSONALISED CRYPTO TAX ADVICE IN THAILAND TODAY

    Take control of your crypto tax strategy now! Contact Tax Natives for expert advice and unlock the full potential of your crypto investments in Thailand. Start today and stay ahead with custom tax solutions designed to maximise your savings.

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    We collect personal information when you enquire about our services. We will use this information to provide the services requested, maintain records and, if you agree below, to send you marketing information. We will not share your infromation for marketing purposes with any other companies. For more information explaining how we use your information please see our Privacy Policy(Required)