The revised tax policy exempts crypto traders from the mandatory 7% VAT on authorized exchanges while offering tax exemptions of up to 10 years for crypto startup investors.
The finance ministry of Thailand has reportedly eased up crypto tax regulations to promote investment in the digital asset market.The changes to the tax regulations come just a few weeks after the government scrapped its early plans of introducing a 15% tax on crypto gains. The new tax policy exempts crypto traders from the 7% value-added tax (VAT) on authorized exchanges, reported Reuters.The revised tax policy would also allow traders to offset their annual losses against gains for their crypto investment. This comes as big relief for traders, given most of the governments at this point are only looking to tax gains without taking into account the losses incurred by traders due to the crypto market volatility. The new tax exemptions would come into eff
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