Crypto exchanges seek tax holiday
Operators say time needed to generate growth momentum
Local digital exchange operators have requested a two-year tax exemption for cryptocurrency trading, claiming the industry needs more time to generate sustainable growth momentum.
The Securities and Exchange Commission (SEC) hosted an online meeting on Jan 20 to discuss the guidelines for digital asset taxation with the Revenue Department, the Bank of Thailand (BoT), the Thai Digital Asset Operators Trade Association and the Thai Digital Asset Association (TDAA).
The meeting, though primarily held to formulate guidelines for calculating cryptocurrency trading tax, also allowed the Revenue Department to collect more opinions from the SEC, investors and people involved in the digital asset industry.
The Revenue Department is…
