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Thailand Approves Five Year Bitcoin And Crypto Tax Break 

  • Thailand has approved a five-year tax exemption on capital gains from cryptocurrency trading through licensed platforms.
  • The tax break will be effective from January 1, 2025, to December 31, 2029, aiming to boost investment and economic activity.
  • The measure is part of a strategy to establish Thailand as a global digital asset hub and enhance its competitiveness in the digital economy.
  • Over 1 billion baht in indirect tax revenue is anticipated during the exemption period.
  • The exemption applies to digital asset sales made through operators regulated by the Securities and Exchange Commission.
  • Only platforms licensed by the Thai SEC will benefit from the tax break, meeting stringent regulatory standards.
  • The initiative aligns with international standards and aims to support fiscal stability through a potential value-added tax on digital assets.
  • Thailand previously approved its first spot Bitcoin ETF in 2024, offering regulated exposure to Bitcoin for institutional investors.
  • The country maintains a balanced approach by supporting licensed platforms while cracking down on unregulated entities.
  • With clear regulations and tax incentives, Thailand aims to position itself as a leader in Bitcoin and crypto growth within Southeast Asia.

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