Thailand Expands Taxation to Include Foreign Earnings, Including Cryptocurrency Profits

Thailand has set its sights on broadening the tax net by incorporating foreign earnings, including profits from cryptocurrency trading, into its income tax calculations for those who live in the country for more than half a year. The Bangkok Post reported on September 19 that this change is slated to come into play starting January 1, 2024. By 2025, Thai residents must submit their tax forms accounting for their international income. Before this shift in policy, taxes were only applicable on foreign incomes if they were transferred to Thailand in the same year they were earned. With the...



source: https://tokenpost.com/Thailand-Sets-Personal-Income-Tax-on-Foreign-Earnings-Including-Cryptocurrency-10694

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