Thailand has announced the removal of value-added tax (VAT) on cryptocurrency trading with immediate effect as part of its strategy to establish itself as a digital asset hub. The decision to exempt crypto transactions from VAT is aimed at fostering the development of the crypto sector within the country. This immediate tax policy change is seen as a significant move by the Thai government to attract crypto businesses and investors.
NEW: 🇹🇭 Thailand will exempt #Bitcoin and #cryptocurrency transactions from value added tax (VAT) in a bid to encourage the development of a digital asset hub in the country https://t.co/NtgHU3quIo
ICYMI: Thailand waives value-added tax on crypto gains: report https://t.co/ssvBEuQqgE
Very interesting development. Thailand just turned the entire country into duty-free shopping for crypto holders. https://t.co/gQV1uD4DE2
Thailand slashes crypto trade tax in push to become digital asset hotspot https://t.co/afTgyIdk55
📣 Latest News: Thailand Exempts VAT on Crypto Trading #news #cryptonews #crypto
Thailand Makes Changes to Its Crypto Taxation System https://t.co/Q7YWnTburR
Thailand waives value-added tax on crypto gains: report https://t.co/1d9vRR7XMy
🚨BREAKING: THAILAND HAS DROPPED VAT TAXES ON CRYPTO TRADES!
Thailand: Crypto trading becomes VAT-free in race for digital https://t.co/XSaLmM9AXQ
In a bid to become a crypto hub, Thailand has removed value-added tax for crypto trading with immediate effect https://t.co/HNXYCQck2T