Cryptocurrency, digital token transfers in Thailand exempt from VAT


BANGKOK (The Nation/Asia News Network): Transfer of cryptocurrencies or digital tokens as well as digital currencies issued by the Bank of Thailand (BOT) are exempted from value-added tax (VAT) from April 1 this year to Dec 31 next year.

According to Royal Decrees published on the Royal Gazette website on Tuesday, the transfer of cryptocurrencies or digital tokens at digital asset exchanges under the laws has been exempted from VAT collection.

Meanwhile, the transfer of digital currencies issued by BOT for public use has also been exempted from VAT.

The finance minister will oversee this under the Royal Decrees.

Article type: free
User access status:
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Thailand , VAT , cryptocurrency , transfer , exemption

   

Next In Aseanplus News

Australia, Singapore to explore boosting supply chain resilience: Vivian
Cambodia to send 166 athletes to 11th Asean Para Games in Indonesia
China calls US pressure on chipmakers 'technological terrorism'
Ongkili gives thumbs down to Tok Mat’s New Malaysia Agreement proposal
Vietnam legislature approves further 50% cut in environment tax on fuel
Indonesia hopes to deliver chicken to Singapore by next week after getting SFA nod
Macau locks down landmark Lisboa hotel after COVID cases found
Jail term reduced for man who raped woman after he took up 'threesome' offer
Bank Negara raises OPR by 25bps to 2.25%
Thailand waives hotel occupancy tax for next two years to aid tourism recovery

Others Also Read