- Royal Decree No. 788 in Thailand exempts VAT on transfers of cryptocurrencies and digital tokens
- The exemption applies to transfers within digital asset trading centers, transactions through digital asset brokers, and transfers to digital asset traders
- “Utilization digital tokens” are defined as tokens that grant the right to obtain goods, services, or other specified entitlements
- The decree came into effect on September 25
Source: globalvatcompliance
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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.
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