Thailand removes VAT on digital currency trading: report
The new tax exemption rules have been effective since January 1, 2024, and will extend to registered dealers and brokers licensed by the Thai Securities and Exchange Commission.
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Thailand to waive up to $1B in taxes for investment tokens: report
Thailand has become a digital asset hub, and in order to promote this growth, the government will waive VAT and corporation taxes for firms issuing investment tokens.
Russian parliament approves VAT exemption for digital currency issuers
The State Duma approved the draft law in the second and third readings but will still need to be approved by the Upper House and signed by President Vladimir Putin before it can become a law.
Thailand scraps VAT for digital currency transfers until 2024
Authorities in Thailand have formally introduced a seven percent value-added tax exemption for transfers of digital currencies made on government-registered exchanges.
Indonesia to impose 0.1% income tax on digital asset gains starting May
The country’s taxman said that transactions will also be charged a value-added tax of 0.1%, way below the 11% charged to other goods and services in Indonesia.
British taxman seizes 3 NFTs for the first time in tax fraud probe
Her Majesty’s Revenue and Customs (HRMC) also seized $6,700 worth of digital assets and arrested three people alleged to have defrauded the gov’t of $1.9 million in taxes.