Ordinarily, Bitkub pays 7% VAT. On the other hand, we will not deduct any income tax (10-15% tax) for each trader on our platform due to we do not record each trader’s profit and loss amount, including no service on analyzing profit or loss provided for our customers. Users can calculate the profit or loss by checking the transaction history that can be downloaded through Bitkub website. You can check how to download the transaction history here.
In case you have an income from our Referral Program of 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 Bitkub Support Team specifying the period that you would like to get the invoice.
Additionally, we suggest you declare your income from the tradings with The Revenue Department in order to prevent retroactive tax collection.