Thailand's Digital Asset Hub Takes Off: VAT-Free Crypto Trading Signals New Era Thailand is making bold moves to establish itself as a
digital asset hub, with the Finance Ministry leading the charge by introducing a game-changing policy:
no VAT on crypto trading.
The goal? To
supercharge fundraising and foster the growth of the digital asset industry, says Bangkok Post. It's all part of Thailand's vision for a thriving
digital economy.
Starting January 1, 2024, investors and traders can rejoice as they are
exempt from the 7% VAT that used to be levied on their cryptocurrency and digital token earnings. And here's the kicker – this incentive has no expiry date!
Thailand is sending a clear message to the world: it's time to embrace the future of finance, and they're leading the way with a tax-friendly environment for digital assets. Get ready for a new era of opportunity in the Land of Smiles!
