The government of Thailand is moving to benefit from the digital asset industry growth by allowing tax-free issuance of digital tokens for investment.
Thailand's cabinet has agreed to waive corporate income tax and value-added tax for companies that issue investment tokens, ReutersAnnouncing the news on March 7, deputy government spokesman Rachada Dhnadirek said that companies will be able to access alternative ways of raising capital through investment tokens in addition to conventional methods like debentures.
Rachada added that the government expects investment token offerings to generate 128 billion Thai baht over the next two years. The state estimated potential losses of tax revenues at 35 billion baht .
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Thailand's cabinet has agreed to waive corporate income tax and value-added tax (VAT) for companies that issue investment tokens, Reuters reported.
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Thailand waives crypto tax for investment tokens: ReutersThailand has come up with new crypto taxation policies, waiving tax payments for companies that offer investment tokens. pransharma
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Thailand Offers $1B Tax Break for Firms Issuing Investment Tokens: ReutersThailand wants to offer companies issuing digital tokens tax breaks, which is expected to cost the government $1 billion, according to Reuters. jackschickler reports. jackschickler 👍 Granny_401 jackschickler Yet US gov and famous SEC doing everything they possibly can to damage crypto... But bull run will commence from Asia, India, UAE so whatever they do now will become insignificant As whole USD... jackschickler NET $NET_ the most promising gem! everyone should have the real jewel 🙂 this team is strong too
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Thailand offers tax breaks for companies issuing investment tokensThailand's cabinet on Tuesday agreed to waive corporate income tax and value-added tax for companies that issue digital tokens for investment, a government spokeswoman said. Catering to the grifters, magical thinkers and 'greater fools' in zero sum Ponzi/pyramid schemes will not be sustainable.
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