Thailand advances its digital economy by exempting value-added tax (VAT) on cryptocurrency and digital token trading, aiming to establish itself as a digital asset hub. Effective from January 1, 2024, the Finance Ministry's move eliminates the 7% VAT for traders, extending benefits to brokers and dealers under SEC regulation. This tax relief, designed to encourage digital asset innovation and investment, reflects Thailand's commitment to nurturing its digital asset industry and supporting the digital economy's growth.
