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News Forum - Thailand exempts cryptocurrency transfer VAT until 2023

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The Royal Thai Government Gazette has formally announced a VAT exemption for transferring cryptocurrency from now until the end of 2023. The cabinet had approved the exemption of the value added tax, or VAT, for transferring cryptocurrency or digital tokens in March. Yesterday, the decision was passed into Thai law and will be in effect from yesterday until December 31, 2023. According to the document, VAT for transferring cryptocurrency, or digital tokens via digital asset exchanges approved by the Ministry of Finance, will be exempted. The VAT for transferring cryptocurrency launched by the Bank of Thailand, or Retail Central Bank […]

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