Thailand’s cabinet has 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 Bangkok Post reported.
The rules would allow traders to offset annual losses against gains for taxes due on cryptocurrency investments, and exempt a value-added-tax of 7% for cryptocurrency trading on authorised exchanges, finance minister Arkhom Termpittayapaisith said.
Read the full report: Bangkok Post
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