Snickers maker fined after workers fall into vat of chocolate Snickers and M&M’s maker Mars Wrigley has been fined by US safety regulators after two workers at one of its factories fell into a vat...
Tag: VAT
Russia lawmakers approve a law exempting digital asset issuers from VAT payments
Russia seems to be loosening its stance on regulating the cryptocurrency market. Lawmakers in the country have approved a draft law that could exempt digital asset issuers from making value-added tax ...
Crypto And Digital Assets Issuers Are Exempted From VAT In Russia Now
Russia has approved a draft bill that exempts cryptocurrency issuers from Value Added Tax (VAT). This move is to further strengthen its pro-crypto stance through its legislation. The lower house of Ru...
Russian Duma passes bill to remove VAT, lower income tax rates on digital asset sales
The State Duma, the lower house of the Russian legislature, has passed a bill on the taxation of digital assets that exempts their sale from value-added tax (VAT) in the Russian Federation. Some other...
No VAT On Cryptocurrency Issuers In Russia, Details
According to Reuters, the Russian draft law that sought to exempt issuers of digital assets and cryptocurrencies from value-added tax has been approved by members of the state Duma today. Tax exemptio...
Thailand excludes crypto transfers from VAT payments until 2024
Thailand’s government issued a royal decree that includes a provision exempting crypto transfers from value added tax (VAT) payments until December 31, 2023, the Bangkok Post reported on Thursday. Bas...
Thailand Central Bank Not Rushing to Deploy CBDC, Crypto VAT Gets Delayed
The Bank of Thailand (BoT) has put the brakes on its central bank digital currency (CBDC) plans as it sees plenty of viable alternatives for online payments. Thai central bank governor Sethaput Suthiw...
Thailand Exempts Crypto Transfers from VAT Payments until 2024
The Thai government has decided to exempt crypto transfers from value-added tax (VAT) payments until December 31, 2023, following a royal decree, the Bangkok Post reported. The new ruling states that ...
Thailand Readies Itself For Digital Economy, Removes Crypto Transfers From VAT Till End Of 2023
the Royal Thailand Government Gazette has legally established a VAT exemption for crypto transfers lasting until the end of 2023. In March, the cabinet granted an exemption from the value added tax (V...
Thailand Exempts Crypto Transfers From VAT Until End of 2023 – Taxes Bitcoin News
Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of nex...
Indonesia Officially Imposes 0.1% Tax and VAT on Crypto Income and Purchases
According to the Times of India, Hestu Yoga Saksama, director of tax regulations at the Ministry of Finance, has confirmed that the government has decided to impose a 0.1% tax charge on incomes emanat...
Crypto Assets Taxation: Indonesia ready to collect VAT and income tax
TL;DR Breakdown Indonesia has continued to complete the legislative process to implement a tax on crypto assets. The latest update about Indonesia’s crypto taxation tells of VAT and income tax applica...