Thailand issues tax exemption for investment tokens [Video]

Thailand has announced tax exemptions for investment token holders as it seeks to boost local capital-raising efforts.

The country’s Cabinet approved a royal decree in its Revenue Code that will make holding investment tokens more lucrative. Under the decree, investors who generate income, profits, or any other benefits by holding investment tokens from local businesses can exclude such income when calculating their income tax as long as they have had their 15% withholding tax deducted. 

Kulaya Tantitemit, who heads the country’s Revenue Department, revealed that the exemption is only granted to investors who do not request refunds for the deducted tax. The new regime takes effect in 2025.

Thailand’s government believes the measure can promote fundraising through investment tokens as the digital economy proliferates. Tantitemit noted that investment tokens give businesses a new tool for attracting sophisticated investors.

“This measure is expected to increase Thailand’s competitiveness in capital mobilization. The move should positively affect investment and employment in the …