{"id":11291,"date":"2024-02-07T17:15:04","date_gmt":"2024-02-07T17:15:04","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11291"},"modified":"2024-02-07T17:20:10","modified_gmt":"2024-02-07T17:20:10","slug":"thailand-exempts-cryptocurrencies-from-value-added-tax","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/thailand-exempts-cryptocurrencies-from-value-added-tax\/","title":{"rendered":"Thailand Exempts Cryptocurrencies from Value-Added Tax!"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:412\">Thailand continues its positive approach to cryptocurrencies by exempting digital asset transactions from value-added tax (VAT). According to the Bangkok Post, this tax exemption, which will take effect on January 1, 2024, does not yet have an expiration date. The decision, which also covers brokers and dealers operating in crypto trading, reflects the country&#8217;s supportive policy towards<a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-and-popular-altcoins-update-february-7th\/\" target=\"_blank\" rel=\"noopener\"> cryptocurrencies.<\/a><\/p>\n<p data-sourcepos=\"5:1-5:269\"><strong>Last year, Thai Finance Minister Arkhom Termpittayapaisith announced<\/strong> that in addition to the tax exemption for crypto companies, individuals who invest in token sales offered by companies offering investment tokens would also be exempt from VAT on cryptocurrencies.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"3yzovoOqxq\"><p><a href=\"https:\/\/coinengineer.net\/blog\/thailand-bank-buys-shares-in-crypto-exchange\/\">Thailand Bank Buys Shares in Crypto Exchange!<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Thailand Bank Buys Shares in Crypto Exchange!&#8221; &#8212; Coin Engineer\" src=\"https:\/\/coinengineer.net\/blog\/thailand-bank-buys-shares-in-crypto-exchange\/embed\/#?secret=196rp6ElZI#?secret=3yzovoOqxq\" data-secret=\"3yzovoOqxq\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p data-sourcepos=\"7:1-7:189\"><strong>This tax exemption is seen as part of Thailand&#8217;s efforts to promote cryptocurrencies and strengthen its digital economy.<\/strong> Thailand&#8217;s role in the crypto world is expected to grow further.<\/p>\n<hr \/>\n<div id=\"chat-history\" class=\"chat-history-scroll-container ng-tns-c1304298479-2 ng-trigger ng-trigger-resetChat show-bottom-shadow\">\n<div class=\"conversation-container ng-tns-c1304298479-2 visd-patch ng-star-inserted\">\n<div class=\"ng-tns-c3288265132-24\">\n<div class=\"response-container ng-tns-c3311575876-25 response-container-has-multiple-responses\">\n<div class=\"presented-response-container ng-tns-c3311575876-25\">\n<div class=\"response-container-content ng-tns-c3311575876-25\">\n<div class=\"response-content ng-trigger ng-trigger-responsePopulation ng-tns-c3311575876-25 ng-animate-disabled\">\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thailand continues its positive approach to cryptocurrencies by exempting digital asset transactions from value-added tax (VAT). According to the Bangkok Post, this tax exemption, which will take effect on January 1, 2024, does not yet have an expiration date. The decision, which also covers brokers and dealers operating in crypto trading, reflects the country&#8217;s supportive<\/p>\n","protected":false},"author":1,"featured_media":11292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[336,2184,2901],"class_list":["post-11291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-cryptocurrencies","tag-tax","tag-thailand"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Thailand Exempts Cryptocurrencies from Value-Added Tax! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Thailand continues its positive approach to cryptocurrencies by exempting digital asset transactions from value-added tax (VAT).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/thailand-exempts-cryptocurrencies-from-value-added-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thailand Exempts Cryptocurrencies from Value-Added Tax! 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