Thailand’s finance ministry recently announced plans to waive value-added tax, or VAT, on transactions involving digital assets, demonstrating the country’s efforts to become a major player in the market. The move intends to support the Thai digital asset sector and promote the use of digital assets for fundraising, as reported in a recent Bangkok Post article.
To facilitate this, the ministry has lifted the 7% VAT requirement on income from digital tokens and crypto trading, effective Jan. 1, 2024. The VAT exemption has no set expiration date, offering dealers and…
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