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Thailand offering tax breaks for tokens investment issuers

webfact
in Cryptocurrency News

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Thailand’s cabinet has decided to exclude businesses that issue investment tokens from corporate income tax and value-added tax (VAT).

 

In addition to more traditional techniques like debentures, enterprises would have access to alternate ways of generating cash through investment tokens, according to the news that was announced on March 7 by deputy government spokesman Rachada Dhnadirek.


Dhnadirek noted that during the next two years, the government anticipates that investment token offers would bring in 128 billion Thai baht ($3.7 billion). 

 

Full story: https://bangkokone.news/thailand-offering-tax-breaks-for-tokens-investment-issuers/

 

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-- © Copyright BANGKOK ONE NEWS 2023-03-09

 

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