Mar 1 in Small Talk
Thailand Ditches Crypto Taxes: Your Wallet Will Thank You!
馃専 Thailand's Finance Ministry has made waves with groundbreaking regulations aimed at catapulting the nation into a digital asset hub! 馃捈 Effective January 1, 2024, the VAT exemption on all digital asset trading spells an end to the 7% VAT burden, signaling a significant policy shift. 馃搲 This move is a key part of Thailand's ongoing mission to create a crypto-friendly environment and supercharge its digital economy. 馃挵
But wait, there's more! 馃殌 The Securities and Exchange Commission has also scrapped the 300,000 baht investment cap for retail investors in digital tokens tied to real estate or infrastructure. 馃彔馃挕 This bold regulatory overhaul is set to ignite digital asset adoption and spur innovation across the country. 馃挜
According to Finance Minister鈥檚 Secretary Paopoom Rojanasakul, these measures are strategically crafted to position digital assets as a prime fundraising avenue, driving Thailand's economic growth to new heights. 馃搱馃捈
This dynamic shift underscores Thailand's unwavering commitment to embracing cutting-edge technologies and cementing its status as a powerhouse in the digital asset arena. 馃寪
Thailand seems to be evolving into the next Dubai, don't you agree? Share your thoughts with us!
1
0 comments
Thailand Ditches Crypto Taxes: Your Wallet Will Thank You!
skool.com/thailand-explorers-8453
Whether you're an old hand at this expat game or just kicking around the idea of moving to Thailand, this place is where you wanna be.
Leaderboard (30-day)
1
+2
2
+1
powered by