Thailand Removes Taxation on Crypto Capital Gains for Five Years

Thailand’s Cabinet has approved tax measures to promote the country as a digital asset hub, exempting personal income tax on capital gains from digital asset sales through the Securities and Exchange Commission-supervised operators from 2025 to 2029.

The Deputy Minister of Finance and Member of the House of Representatives, Chulaphan Amornvivat, announced the latest development via a post on X. He noted that this move could lead to a more vibrant market and potentially lay the groundwork for future tax implementations, such as value-added tax (VAT), in Thailand’s crypto sector.

Tax-Free Crypto Gains in Thailand

Thailand’s Ministry of Finance plans to attract blockchain companies and boost economic growth by exempting profits from cryptocurrency trading from personal income tax. From January 1, 2025, to December 31, 2029, gains from selling cryptocurrencies, such as BTC and ETH, on SEC-regulated platforms will be tax-free, aiming to increase crypto trading activity and drive innovation.

The Finance Ministry plans to introduce VAT on digital asset transactions. At the same time, the Revenue Department will adopt the Organization for Economic Co-operation and Development (OECD) data-sharing standards to increase transparency and auditing of crypto transactions.

By lifting tax barriers, Thailand’s government is inviting broader participation in crypto from individual investors to tech startups, signaling its readiness to compete globally in the digital economy and lead in responsible crypto regulation.

The move aims to boost trust in crypto, attract foreign investment, and develop Thailand’s blockchain sector, going beyond just tax relief. By doing so, Thailand joins a select group of countries with clear digital asset tax regulations, promoting a more favorable environment for crypto growth and investment.

Thailand’s Stance On Crypto

Thailand is a pioneer in regulating digital assets, with clear laws and tax measures in place. Earlier this year, the country’s SEC revealed plans to allow direct access to Bitcoin exchange-traded funds (ETFs) on local exchanges, providing investors with a more direct and regulated way to invest in cryptocurrency. 

The body has also warned investors about blocking access to five major cryptocurrency exchanges due to operating without licenses and has filed a lawsuit against these platforms for violating Thai laws.

The post Thailand Removes Taxation on Crypto Capital Gains for Five Years appeared first on Cointab.