News > Thailand Approves Relaxed Tax Rules for Digital Assets: Here's Why
Thailand Approves Relaxed Tax Rules for Digital Assets: Here's Why
Topologypro | 09/03/2022 01:57 PM | Click to read full article
Thailand’s cabinet on Tuesday relaxed tax rules for investments in digital assets to help promote and develop the industry following a surge in cryptocurrency trading in Southeast Asia’s second-largest economy.
The rules will allow traders to offset annual losses against gains for taxes due on cyptocurrency investments, and exempt a value-added-tax of 7% for cryptocurrency trading on authorized exchanges.