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Thai Cabinet Exempts Corporate Tax and VAT for Digital Investment Tokens

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According to reports, Thai Finance Minister Rachada Dhnadirek said that the Thai Cabinet had approved the exemption of corporate income tax and value-added tax…

Thai Cabinet Exempts Corporate Tax and VAT for Digital Investment Tokens

According to reports, Thai Finance Minister Rachada Dhnadirek said that the Thai Cabinet had approved the exemption of corporate income tax and value-added tax for companies issuing digital investment tokens to promote the financing of listed and non-listed entities. This exemption applies to the primary and secondary markets of companies and registered entities that issue ICO (initial coffering). Investors of such tokens will also be exempt from VAT. Utility tokens will not qualify for tax exemption.

Thailand provides tax relief for companies issuing investment tokens

Analysis based on this information:


The Thai Finance Minister Rachada Dhnadirek announced that the Thai Cabinet had approved the exemption of corporate income tax and value-added tax for companies issuing digital investment tokens to promote the financing of listed and non-listed entities. This move is aimed at providing a boost to the country’s economy and its digital investment sector.

The exemption applies to the primary and secondary markets of companies and registered entities that issue ICO (initial coffering). This essentially means that the issuers of digital investment tokens will not have to pay corporate income tax or value-added tax, thereby reducing the financial burden on them. Additionally, investors of such tokens will also be exempt from VAT, allowing them to trade in these tokens without incurring any additional costs. However, the exemption does not apply to utility tokens, as they are not seen as assets that can generate income.

The move is significant as it addresses a key concern for companies and investors alike, which is the tax regime for digital investment tokens. This uncertainty has, until now, hindered the growth of the digital investment sector in Thailand. The new exemption is expected to encourage more companies to issue digital investment tokens and attract more investors to this emerging market.

The Thai government’s decision to exempt corporate income tax and value-added tax for companies issuing digital investment tokens is seen as a positive step towards promoting Thailand as a hub for digital investment. It sends a message to investors and companies that the Thai government is supportive of the digital investment sector and is willing to take bold steps to promote its development.

In conclusion, the Thai Cabinet’s decision to exempt corporate income tax and value-added tax for digital investment tokens is a significant development for the digital investment sector in Thailand. It is expected to encourage more companies to issue these tokens and attract more investors to this emerging market. This move signals the government’s support for the digital investment sector and its commitment to promoting its growth.

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