Investment in Digital Assets: Issues and Problems Related to Personal Income Tax

Abstract

This academic article is intended to point out legal issues and practical guidelines on personal income tax according to the revenue code from investing in digital assets. The study found that most of the new generation invested in digital assets with the goal of increasing short-term speculation. because it gives higher returns compared to investing in other assets In regards to tax issues, that include: 2) mining or mining shall be regarded as assessable income under section 40(8) only at the time of sale. and expenses can be deducted as necessary and appropriate in this regard, section 65 bis and section 65 ter of the Revenue Code shall apply shall apply mutatis mutandis. 3) received as a salary due to employment regarded as income under section 40(1), but if the contractor receives wages from working for regarded as income under section 40(2), cost and income calculation Choose either the value at the time of acquisition or the average price on the date of acquisition. According to the price announced by the digital asset exchange. 4) Earned by giving or receiving as a reward. regarded as income under section 40(8), calculating costs and income be calculated in the same way as received from salary, wages. 5) Receive benefits or returns from holding cryptocurrencies Considered as income under Section 40(8), but if receiving digital tokens 6) The measurement of all costs and revenues shall be the value at the time of acquisition or the average price on the date of acquisition. which is a reliable reference price, such as the price announced by the Exchange prepared according to the rules of the SEC, if using any method choose to use that method throughout the tax year and 7) in case of loss incurred can bring such losses to be deducted from the profits made in that same year Only for the sale, payment, transfer or exchange made through the digital asset exchange. under the supervision of the SEC

Therefore, for the public or investors who are interested, have knowledge and understanding of tax law issues related to digital assets to keep up with tax changes. Reduce practical problems potential conflicts in the future, moreover government agency relevant regulatory bodies Public relations should be emphasized. Improving tax laws for greater clarity, it can be applied equally and concretely. Resulting in efficient tax collection Complete, accurate and complete. Including strengthening the tax laws of Thailand. There is a modern development and support for digital assets in Thailand to grow steadily in the future. This will have a positive effect on investment and the overall economy of Thailand.