Thailand exempts crypto gains from tax to support entrepreneurs, innovation

0 1,980 1 minute read

Key Takeaways

Thailand waives personal income tax on crypto profits through SEC-regulated platforms.
The initiative aims to boost Thailand’s position as a digital asset hub and attract foreign investment.

According to a statement by Deputy Finance Minister Chulaphan Amornvivat on X, Thailand’s cabinet has approved tax measures that will exempt personal income tax on capital gains from digital asset sales through SEC-regulated platforms.

The tax relief will be effective from January 1, 2025, through December 31, 2030, as part of Thailand’s initiative to establish itself as a digital asset hub.

“The Cabinet has approved tax measures proposed by the Ministry of Finance to promote Thailand as a Digital Asset Hub,” Amornvivat said, adding that the policy aims to boost the country’s crypto market, attract foreign investment, and stimulate domestic consumption.

The initiative is expected to increase medium-term tax revenue by at least 1 billion baht and may lead to the introduction of new taxation forms, including a Value-Added Tax (VAT). Thailand has positioned itself among the first countries to implement comprehensive digital asset regulations and tax frameworks.

The Revenue Department is preparing to align with the OECD’s international information exchange standards to ensure transparent and verifiable digital transactions.

“I firmly believe this is another important step toward enhancing our country’s economic potential—and a great opportunity for Thai entrepreneurs to grow on the global stage,” Amornvivat added.

Thai officials approved a tax exemption for crypto earnings from investment tokens in March last year to prevent double taxation.