Thailand exempts cryptocurrency gains from VAT
The Bangkok Post reported on Wednesday that Thailand's Ministry of Finance has eased regulations by suspending the requirement to charge 7 per cent VAT on cryptocurrency transactions. According to the report, this VAT exemption policy comes into effect on 1 January 2024 with no deadline. The VAT exemption policy for cryptocurrency transactions also applies to brokers and dealers regulated by the Securities and Exchange Commission.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pizza Hut and KFC in South Africa now accept Bitcoin payments
Data: Total stablecoin market cap surpasses $289.4 billion, up 0.96% in the past 7 days
Next Week's Macro Outlook: "Super Central Bank Week" Arrives, Fed Rate-Cut Cycle Set to Restart
Trending news
MoreCrypto prices
More
