The Thai Cabinet has relaxed tax rules for digital asset investments in an attempt to promote the country's growing crypto industry. Authorised exchanges will be granted exemptions from the 7 per cent VAT levied on cryptocurrency trading, while annual losses can be offset against gains for taxes imposed on cryptocurrency investments. However, further restrictions have also been imposed on cryptocurrency trading platforms, in addition to the rule that they must register with the Thai Securities and Exchange Commission and will have to comply with regulations to track capital gains from trades as well as with the usual consumer protection and reporting requirements.
News Source：【Silk Legal 2022/03/16】