Showing 1 - 6 of 6
Tax relief for digital assets a non-starter
Business, Wichit Chantanusornsiri, Published on 25/04/2018
» The Revenue Department has rebuffed a request by digital asset operators to scrap a tax-collecting agency's plan to impose a 15% withholding tax on capital gains and returns from putting money into such assets.
ICOs get 30 extra days to inform SEC
Business, Wichit Chantanusornsiri, Published on 29/03/2018
» A draft version of a royal decree regulating transactions related to digital assets will grant issuers of initial coin offerings (ICOs) 90 days to inform the Securities and Exchange Commission (SEC) of their plans before the law takes effect.
Digital asset trading faces 7% VAT levy
Business, Wichit Chantanusornsiri, Published on 15/03/2018
» Investors who make digital-asset-related trades will be liable for a 7% value-added tax (VAT), on top of the 15% withholding tax on capital gains and returns from such investments, when the new law is enforced.
Regulators to meet for ICO framework
Business, Wichit Chantanusornsiri, Published on 05/03/2018
» The Finance Ministry, the Bank of Thailand, the Securities and Exchange Commission (SEC) and the Anti-Money Laundering Office are scheduled to meet on Tuesday to create a clearer regulatory framework to supervise initial coin offerings (ICOs) and cryptocurrencies.
Cryptocurrency to fall under 'Know Your Customer' rules
Business, Wichit Chantanusornsiri, Published on 01/03/2018
» Regulations governing securities issuance, which requires underlying assets or service and Know Your Customer (KYC) rules, will be applied to the coming framework governing cryptocurrencies in an effort to protect investors, says Pornchai Thiraveja, an adviser to the Fiscal Policy Office (FPO).
Cryptocurrencies committee to outline stance this month
Business, Wichit Chantanusornsiri, Published on 02/02/2018
» A working committee on cryptocurrencies is expected to clarify its stance on how to regulate digital currencies by this month, aiming to guard against fraud from investment in the tokens.