Thailand-based companies that issue digital tokens for investments are set to receive a corporate and value-added tax waiver, the Thai government hassaid. As a result of the waiver, the Thai government, which is projecting investment token offerings worth $3.71 billion over the next two years, said it expects to lose more than $1 billion in tax revenue.
According to a government spokesperson, Rachada Dhnadirek, such investment token offerings add to Thai companies’ traditional capital-raising methods such as debentures, hence the cabinet’s decision to waive the taxes. The government’s nod to the tax waiver came just over a year after it
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