- Rules, criteria, and conditions for tax exemptions for companies or partnerships related to transfers of digital investment tokens have been provided.
- The rules apply to digital tokens for investment acquired on or after 14 May 2018.
- Companies or partnerships must not change their accounting classification or principles for the digital tokens.
- Income from digital tokens must not be treated as expenses in corporate income tax computation.
- If income from digital tokens is not used for indicated operations or permission to offer tokens is revoked, it must be included as income for tax purposes.
- Approval documents, offering registration, and other related documents must be maintained for review by tax authorities.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
