The Government is planning a 20% tax on cryptocurrency investors making an annual income of more than 2.5 million Won.
The platform offers automated crypto taxation calculation to partner exchange users.
The government is expecting to gain $1 billion in taxes from Bitcoin trades.
Crypto profits are taxed at 25 percent in the country as capital gains.
All three of Thailand's tax departments reportedly aim to improve tax revenue collection using blockchain technology.
The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.
The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.
The sale of bitcoin, ether and monero brought in €6.4 million, or $7.5 million.
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders if passed.
The post How To Calculate Taxes on Crypto (Best Crypto Tax Software) appeared first on CoinSutra - Bitcoin Community. Cryptocurrencies brought four main groups together: investors, traders, miners, and thieves. As the cryptosphere gained more traction, revenue authorities came knocking and started talking about the need for crypto traders and...