Thailand Offers Crypto Tax Breaks

IndustryTrends

Thailand implements tax exemption, removing the 7% VAT for cryptocurrency traders.

The exemption becomes permanent, effective from January 1, 2024.

Government aims to boost digital economy by promoting growth in the digital asset sector.

Regulatory amendments to the Securities and Exchange Act are considered to solidify Thailand's position as a digital asset hub.

Tax exemption enhances Thailand's appeal to crypto investors, fostering a conducive environment for the digital asset ecosystem.

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