1 Billion Tax Rebate for Companies Issuing Digital Tokens for Investment from Thailand

Thailand, one of the leading countries in Asia’s crypto currency adaptation, will provide significant tax reductions to companies that issue digital tokens for investment purposes.

According to the news presented by Reuters, a Thai government spokesman Rachada Dhnadirekcompanies that issue digital tokens for investment Corporation tax And from value added tax (VAT) announced that it will be exempted.

Rachada, the government’s next two years 128 billion baht (about $3.71 billion) estimated that there will be a supply of investment tokens worth 35 billion baht (approximately $1 billion) from tax revenue to waive He said he was ready.

The Thai government, which has been easing the industry in cryptocurrencies for the past few years, last year to promote the development of the industry It had relaxed tax rules in crypto trading.

On the other hand, Thailand’s central bank and other regulatory agencies may affect its financial stability and overall economy. It banned the use of digital assets as a means of payment and for crypto companies to offer staking services.

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