BANGKOK (Reuters) – On Tuesday, A government spokeswoman said: Thailand’s Cabinet approves corporate income tax and VAT exemption for companies issuing digital tokens for investment purposes.
With this resolution, companies will have access to an alternative fundraising option through investment tokens. In addition to traditional methods such as bonds, Ratchada Thanadirek, deputy government spokesman told reporters at a press conference.
The government expects a token offering worth 128 billion baht ($3.71 billion) over the next two years. Ms. Ratchada said And the government will lose tax revenue worth 35 billion baht.
Cryptocurrency It has gained popularity in Thailand in recent years. After the country’s Securities and Exchange Commission began regulating digital assets last year Government relaxes tax rules on crypto trading to promote industrial development
However, the country’s central bank and other regulators have banned the use of digital assets as a means of payment. It said it could affect the country’s financial stability and overall economy.
In addition, the cabinet has also approved measures to support the use of electricity and the exemption of import duties on electric vehicle components, including batteries.
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