- Royal Decree No. 788 in Thailand exempts VAT on cryptocurrency and digital token transfers
- Measures include exempting VAT on transactions occurring from Jan. 1 onward for use in digital asset trading centers
- Transactions must be made through a digital asset broker or transferred to a digital asset trader in accordance with the Digital Asset Business Act
- “Utilization digital tokens” are defined as tokens used to establish rights to acquire goods, services, or specified rights
- The decree goes into effect on Sept. 25.
Source: news.bloombergtax.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.
