Just-In: Thailand Waives Tax For Companies Issuing Digital Tokens
Thailand’s government on Tuesday said it will waive corporate income tax and value-added tax for companies issuing digital tokens for investment. This marks another pro-crypto move by Thailand after relaxing tax rules for crypto trading last year.
Thailand’s Cabinet on March 7 agreed to offer tax breaks for companies issuing digital tokens for investment, reported Reuters. Deputy Government Spokeswoman Rachada Dhnadirek noted that these companies will raise capital through investment tokens, as well as alternative methods like debentures.
Finance Minister Arkhom Termpittayapaisith said the waiver applies to both the primary and secondary markets for companies and registered entities issuing initial coin offerings. Investors will also be exempted from value-added tax, but utility tokens are not eligible for these tax breaks.
“Cabinet approves waiver of corporate income and value added taxes for companies issuing digital investment tokens to facilitate fund-raising by listed and non-listed entities.”
The estimated investment token offerings over the next two years to worth over $3.71 billion. The move will cost the government to lose tax revenue of nearly $1 billion.
Growing Digital Tokens Landscape in Thailand
Thailand continues to witness growing crypto adoption in recent years after the country’s Securities Exchange Commission started regulating digital assets. The government also eased tax rules for crypto trading last year to grow the industry.
However, the Bank of Thailand and regulators have restricted some crypto services in the country, such as the use of digital assets for payments. The central bank claims it risks the country’s financial stability and overall economy.
Furthermore, Thailand’s SEC recently issued regulations for crypto custody providers to manage customers’ assets safely. The government is also testing central bank digital currency (CBDC), believing it can be a foundation of the future financial and banking system.
Also Read: Bitcoin Price To See ATH In 2023? Here’s What Analysts Predict
- ‘I’m Going Bonkers’: Dave Portnoy Says He’ll Buy XRP Again If It Dips Below This Level
- BitMine’s Tom Lee Calls Dip Golden Opportunity as Trump Sets Meeting With China on U.S. Tariffs
- Pi Network Set for Massive Growth as App Studio Upgrade Expands Pi Coin Utility
- US Shutdown Beyond 40 Days To Delay Crypto ETF Approval, But Demand Spikes
- OpenSea Set to Reward Investors With Massive SEA Token Airdrop Ahead of Q1 2026 Launch
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
- HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
- XRP Price Prediction As Ripple Announces $1B Treasury Plans – Is a Rebound Imminent?
- Bitcoin Price Prediction Amid Gold’s Parabolic Rally to Second-Largest Reserve Asset
- 3 Altcoins Defying the Market Momentum In October 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
