News Forum - Thailand woos crypto companies with tax waiver

[Thaiger]

Thailand‘s Cabinet approved a tax waiver for cryptocurrency firms yesterday. The Cabinet decided that companies raising funds by issuing digital tokens for investment are exempt from paying corporate income tax and value-added tax (VAT), according to a government spokesperson. Once the new tax waiver is implemented, crypto companies can issue investment tokens in Thailand without any …

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[Grumpish]

Crypto-currency investors (gamblers) lost vast sums of money globally in 2022, and here we have Thailand trying to promote it.... 

[palooka]

Ding Ding Ding warning bells, crims are going to make a killing here.

[KaptainRob]

I'm planting tulips if anyone wants to invest ... ? 

[Vigo]

What Thailand  says is acceptable/legal, may not be acceptable legal in other jurisdictions. The EU, UK and USA do apply their laws to their  passport holders.

[HiuMak]

Drugs, Sex and Crypto.

[Grumpish]

14 hours ago, KaptainRob said:

I'm planting tulips if anyone wants to invest ... ? 

I am in,  and I will raise you two Nigerian princes.... 

[Dancbmac]

14 hours ago, KaptainRob said:

I'm planting tulips if anyone wants to invest ... ? 

That used to be a thing https://en.wikipedia.org/wiki/Tulip_mania

[Dancbmac]

1 hour ago, HiuMak said:

Drugs, Sex and Crypto.

Is cash no good now?