Cryptocurrency tax exempt for trades on approved exchanges until end of 2023

13 Sept 09:17 Key points summarised by AI

Thailand implements a 7% VAT exemption on cryptocurrency and digital token trades conducted via approved exchanges.
This tax relief is effective retroactively from April 1, 2022, until December 31, 2023, designed to encourage regulated digital asset transactions.
The exemption also extends to trades involving the Retail Central Bank Digital Currency (CBDC) issued by the Bank of Thailand.
The move aims to promote trade through regulated channels, following recent measures to prevent digital assets from being used as payment to mitigate financial risks.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.