Thailand Extends VAT Waiver on Digital Assets Trading (1)

Thailand has extended an exemption of digital asset trading from value-added tax collection as part of government’s attempt to promote the country as the region’s digital asset hub, according to the finance ministry.

• Trading of cryptocurrencies and utility tokens via the country’s licensed digital asset exchange operator are waived from VAT charge from Jan. 1, 2024 indefinitely, Finance Ministry Secretary Paopoom Rojanasakul says in a statement Tuesday.
• Finance ministry also expands VAT waiver for trading of those tokens by licensed brokerages and dealers, according to Paopoom
• NOTE: VAT waiver on cryptocurrencies and utility tokens via licensed digital asset exchange operator ...