The Revenue Department of Thailand intends to tax the foreign earnings, such as those from crypto trading, of anyone who stays in Thailand for over 180 days.
The Bangkok Post reported on Sept. 19 that this new rule will start from Jan. 1, 2024, and the first tax forms that include overseas income will be submitted in 2025.
The old regulation only taxed foreign income that was sent to Thailand in the same year it was earned. The new rule will require an individual to report any income made abroad, regardless of whether it was used in the local economy or not.
CoinTelegraph reported citing other sources from the Bangkok Post, that the policy aims at residents who trade in foreign stock markets via foreign brokers, crypto traders and Thais with accounts outside Thailand.
