Trading losses would be deductible under revised proposal from Revenue Department
The digital asset exchange Zipmex has opened a Crypto Arcade and Experience Center at Siam Paragon in Bangkok until Feb 28, aiming to educate investors about cryptocurrency before they invest.
The Finance Ministry plans to ease tax rules for investments in digital assets, a senior official said on Friday, following a surge in crytocurrency trading.
The relaxed rules will allow traders to offset annual losses against gains for taxes due on cryptocurrency investments, and exempt certain transactions from the 7% value-added-tax, said Ekniti Nitithanprapas, director-general of the Revenue Department.
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