The Thai Cabinet on 7 March 2023 approved a draft Royal Decree to exempt taxes on the trading of investment tokens (i.e., digital tokens that specify the right of a person to participate in an investment in a project or business).
Tax Measures: There would be corporate income tax and value added tax (VAT) exemptions on the gain and the VAT base derived from the transfer of investment tokens offered to the public, according to the digital asset businesses law (i.e., offered in the primary market), by companies or juristic partnerships.
Source: KPMG
