{"id":27557,"date":"2024-03-13T14:30:55","date_gmt":"2024-03-13T14:30:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/thailand-approves-tax-exemption-for-crypto-earnings\/"},"modified":"2024-03-13T14:30:55","modified_gmt":"2024-03-13T14:30:55","slug":"thailand-approves-tax-exemption-for-crypto-earnings","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/thailand-approves-tax-exemption-for-crypto-earnings\/","title":{"rendered":"Thailand approves tax exemption for crypto earnings"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/thailand-flag-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/thailand-flag-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/thailand-flag-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/thailand-flag-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Thailand cabinet approves tax exemption for crypto earnings, according to local media outlet Bangkok Post.<\/span><\/li>\n<li><span style=\"font-weight: 400\">New measures take effect on January 1, 2024.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Thai government expects to raise 18.5 billion baht from token investment fundraising.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Thailand has approved a tax exemption targeted at crypto holders as the country looks to promote fundraising through investment tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Local news outlet Bangkok Post <\/span><a href=\"https:\/\/www.bangkokpost.com\/business\/general\/2757523\/tax-ruling-for-tokens-ratified\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">reported<\/span><\/a><span style=\"font-weight: 400\"> on this earlier today, March 13, 2024.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Thai\u2019s new crypto tax measures<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Specifically, the Thai cabinet approved the new tax measures aimed at crypto earnings on Tuesday, March 12, 2024.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the nod, earnings from crypto tokens held as investment tokens do not have to be included in the calculation of an individual\u2019s personal income tax.\u00a0<\/span><span style=\"font-weight: 400\">Such individuals who already have the <a href=\"https:\/\/coinjournal.net\/news\/thailand-is-planning-to-tax-cryptocurrency-investors\/\">15% withholding tax<\/a> added can exclude the crypto earnings from this income tax calculation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Kulaya Tantitemit, Thailand\u2019s revenue authority, the tax measures are effective January 1, 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The tax breaks are also targeted at token issuers. Already, measures announced last week had provided a corporate income tax and value-added tax (VAT) waiver for issuers of investment tokens. Those measures combined with the latest cabinet nod will help push the country to the forefront as a global hub for investment fundraising, authorities said.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Thailand expects about 18.5 billion baht (about $519 million) in token investments over the next nine months, the Thai Securities and Exchange Commission (SEC) said.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/thailand-approves-tax-exemption-for-crypto-earnings\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Thailand cabinet approves tax exemption for crypto earnings, according to local media outlet Bangkok Post. New measures take effect on January 1, 2024. Thai government expects to raise 18.5 billion baht from token investment fundraising.\u00a0 Thailand has approved a tax [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":27558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27557"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27557"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27558"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}