Normally, Bitkub will only pay 7% VAT. We will not deduct income tax (10-15% tax) for each trader on our platform due to we don’t record each trader’s profit and loss amount, including no service on analyzing profit and loss provided for our customers. Each customer shall calculate their own profit or loss by checking from the transaction history that you can download on the Bitkub website. You can check how to download the transaction history here.
In case you have an income from our Referral Program over 1,000 THB/month, Bitkub will automatically deduct a withholding tax for our customers. You can also request a tax invoice by reaching out to our Support Team with the period that you would like to get the invoice.
We suggest you declare your income from the tradings with The Revenue Department in order to prevent retroactive tax collection.