Thailand’s cabinet has agreed to waive corporate income tax and value-added tax (VAT) for companies that issue investment tokens, Reuters reported.
Thailand has taken a lot of steps to clarify local crypto-related taxation rules, with authorities suggesting the adoption of a 15% capital gains tax for investors in early 2022. The government subsequently scrapped the plans, exempting crypto traders from the 7% VAT on authorized exchanges a few months later.
Source: cointelegraph.com
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