Home / English News / Thailand Tax Authority Waives 7% VAT on Individual Cryptocurrency Investors

Thailand Tax Authority Waives 7% VAT on Individual Cryptocurrency Investors

Criticism over newly introduced legislation mandating taxes on cryptocurrency transactions has seen Thailand’s tax authority waive a value-added tax (VAT) on individual cryptocurrency adopters. First drafted in mid-March, a governmental decree to fast-tracked legislation that enforced taxes on cryptocurrency-related investments came into effect this week on Monday. In announcing the government’s proposed tax framework for

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