THAI FLAG AND CRYPTO TOKENS

Thailand Approves Tax Exemption for Crypto Earnings to Boost Investment Tokens

Thailand’s cabinet approved a tax exemption for crypto earnings to promote fundraising through investment tokens, aiming to enhance the country’s competitiveness as a fundraising hub. The measure allows income earners to exclude profits from investment tokens from their personal income tax calculations, starting January 1, 2024. The move is expected to stimulate investment, employment, and economic growth in Thailand, with predictions of up to 18.5 billion baht in fundraising using investment tokens in 2024.

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