Updated: February 9, 2024

Thailand Abolishes Value-Added Tax Previously Applicable on Digital Asset Trades

February 9, 2024

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The Thailand Finance Ministry has announced the removal of the previously applicable value-added tax on digital asset trading. This exemption, which took effect on Jan. 1, 2024, extends to regulated brokers, dealers, and authorized cryptocurrency exchanges. VAT Exemption to Bolster Thailand’s Digital Asset Industry To establish Thailand as a hub for digital assets, the Bangkok […]