Did Thailand remove crypto tax?|The Thailand Finance Ministry has announced the removal of the previously applicable value-added tax on digital asset trading. This exemption, which took effect on Jan. 1, 2024, extends to regulated brokers, dealers, and authorized cryptocurrency exchanges.
Does Thailand no longer tax crypto transactions? I heard that the Thailand Finance Ministry has made an announcement regarding this matter. Have they officially scrapped the previously imposed value-added tax on digital asset trading? This exemption seems to be quite significant, as it would benefit a wide range of market participants. Could you clarify when this tax exemption took effect? Is it true that it went into force on January 1st, 2024? And does this exemption apply to all regulated brokers, dealers, and authorized cryptocurrency exchanges operating in Thailand? I'm keen to understand the details of this policy change.