coingeek
2024-03-18
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Thailand has announced tax exemptions for investment token holders as it seeks to boost local capital-raising efforts.The country’s Cabinet approved a royal decree in its Revenue Code that will make holding investment tokens more lucrative. Under the decree, investors who generate income, profits, or any other benefits by holding investment tokens from local businesses can exclude such income when calculating their income tax as long as they have had their 15% withholding tax deducted.