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22 May 2018

Thailand enacts emergency decrees on digital assets

The Thai Government published two Emergency Decrees in the Royal Gazette on May 13, to enact the law (the Law) and regulations related to: (i) digital asset business operations; and (ii) Thai tax ramifications on certain income earned from digital assets. The Law is effective as of May 14, and aims to govern and regulate business operations related to digital assets as cryptocurrencies and digital tokens have increasingly been used as tools to publicly raise funds, as a medium of exchange, and similar activities.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-1077

 

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