“Thailand’s Investment Token Tax Incentives: A Boon for Companies, Reports Reuters”
Thailand’s government has announced that it will offer tax breaks to companies that issue investment tokens. The move is expected to attract more cryptocurrency companies to the country and could result in over $3 billion worth of investment token offerings over the next two years. The cabinet has agreed to waive corporate income tax and value-added tax for companies that issue digital tokens for investment. This latest development gives companies more fundraising options in addition to traditional methods like debentures. The government hopes that this move will encourage more investment in the country and boost its economy.