The Cabinet has approved a royal decree to extend and enhance tax relief measures. Effective from January 1, 2024, the decree indefinitely extends the value-added tax (VAT) exemptions for the transfer of cryptocurrencies and digital tokens on exchanges. Moreover, the VAT exemption now encompasses transfers facilitated through licensed brokers and dealers. This development aims to simplify tax compliance for investors and fortify Thailand’s standing as a Digital Asset Hub.
Source GlobalVATcompliance
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