Thailand excludes crypto transfers from VAT payments until 2024

Thu, May 26, 2022

Aliens TLDR

Thailand’s government issued a royal decree that includes a provision exempting crypto transfers from value added tax (VAT) payments until December 31, 2023, the Bangkok Post reported on Thursday.

Based on the new ruling, crypto and digital asset transfers on regulated exchanges will not require 7% VAT payments until the start of 2024.

This new ruling is in addition to a previous waiver on VAT levied on crypto and digital asset transactions that was enacted in March.

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