The taxman comes calling for crypto investors

13 Sept 11:23 Key points summarised by AI

Thai Revenue Department issues comprehensive tax guidelines for individuals involved in crypto and digital token activities, requiring annual personal income tax filings by March 31.
The regulations cover five main sources of gains: sales/exchange of digital assets, crypto mining, receiving crypto as wages, obtaining digital assets as gifts/rewards, and investment returns from holding crypto/digital tokens.
Key concessions include allowing investment cost deductions from sales and waiving the mandatory 15% withholding tax for trades conducted via licensed digital asset exchanges.
Investors are offered two methods for calculating investment costs—First-In-First-Out (FIFO) or Moving Average Cost—which must be consistently applied throughout the tax year, though some investors voice discontent over specific taxable activities like gifts and staking.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.