Thailand Crypto Tax Free

[Suba]

After the approval of the crypto income tax exemption by the Thai cabinet and announced by the Director General of the Thai Department of Revenue, Kulaya Tantitemit that individuals who gain profits from crypto or investment tokens will no longer have to pay 15% income tax when calculating their taxable income. Kulaya also said he wants to make Thailand an investment hub so that it will boost the country's economy and create jobs.

In addition, the Thai government has also removed Value Added Tax and business income tax for registered crypto companies, especially those issuing tokens.

 

[King Belieal]

It is very good for Thailand to ease things up for crypto. I think crypto really has a good chance now with all these countries directly or indirectly endorsing it.

 

[Pearl]

Thailand is a major player in the staple food international market. Does it mean they would be accepting crypto payments for exports?

 

[Laurentta]

This is really good news. I believe it would encourage the people of thailand to carry out more transactions with crypto.

 

[Starmix]

It seems not right to remove the Value Added Tax and business income tax to registered crypto companies. What's the special on that when it's normal for business proprietors to pay taxes?