THELOGICALINDIAN - The Thai Cabinet has accustomed tax abatement measures for crypto trading The new tax rules are abundant added affable to both investors and industry said an controlling of a cryptocurrency barter in Thailand
Thailand Adopts New Tax Rules for Crypto Investments
Thailand’s Cabinet accustomed new tax abatement rules Tuesday for crypto trading, according to an advertisement on the Thai government website.
Finance Minister Arkhom Termpittayapaisith and Deputy Minister of Finance Santi Prompat accordingly appear the aftereffect of the meeting, acknowledging that the chiffonier has accustomed the crypto tax abatement measures.
The accounts abbot told a account appointment that traders will be able to account anniversary losses adjoin assets for taxes due on crypto investments. Value-added tax (VAT) of 7% will additionally be absolved for transfers of cryptocurrencies or agenda tokens on adapted crypto exchanges.
He added that the tax exemption, able from April 2022 to December 2023, will additionally awning the trading of retail axial coffer agenda bill (CBDC) to be issued by the Thai axial bank, the Coffer of Thailand.
Last month, the Thai Revenue Department published a chiral analogue the new tax rules applicative to cryptocurrencies and agenda tokens. The new tax rules are “much added affable to both investors and industry,” said an controlling of a cryptocurrency barter in Thailand.
Previously, Thailand capital to appoint a 15% denial tax on cryptocurrency transactions. The plan was scrapped afterwards pushback by the industry.
Cryptocurrency trading has developed decidedly over the accomplished year in the country. A accounts admiral official said in January that the cardinal of crypto trading accounts in Thailand grew to about two actor at the end of 2025 from 170,000 the antecedent year.
Last month, the Stock Barter of Thailand apparent its plan to launch a agenda asset exchange.
What do you anticipate about Thailand adequate tax rules for crypto investments? Let us apperceive in the comments area below.
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