Thailand Approves Five-Year Tax Break on Crypto Profits from Licensed Platforms

Highlights:

• Thailand will remove personal income tax on crypto profits from licensed platforms starting January 2025 until 2029.
• The Finance Ministry expects the tax break to raise over 1 billion baht through increased digital asset trading.
• Thailand will follow OECD standards to improve oversight and support the secure growth of the crypto economy.

Thailand’s Cabinet has approved a new tax measure that removes personal income tax on profits from digital asset sales. The exemption will apply to earnings from cryptocurrencies and investment tokens traded on platforms approved by the Thai Securities and Exchange Commission.

Thailand approves a five-year tax exemption on crypto capital gains!

Governments want Bitcoiners pic.twitter.com/59ELfkAz65

— Crypto Tips (@cryptotipsreal) June 17, 2025

This tax relief will take effect from January 1, 2025, and will continue until December 31, 2029. Deputy Finance Minister Chulaphan Amornvivat confirmed the approval and said the measure aims to support Thailand’s goal of becoming a digital asset hub. He emphasized that the policy will also strengthen the local economy by promoting transparent and supervised trading.

The tax exemption will only apply to transactions completed through licensed service providers. The Ministry of Finance stated that the move encourages safe and monitored digital trading. Officials believe that this exemption will help create an environment where blockchain companies can thrive. According to the ministry’s projections, the measure will not reduce overall tax revenue in the long term. Instead, it is expected to increase revenue through expanded economic activity and higher investment volumes.

Crypto Incentives Aim to Boost Economy and Secure Oversight

Thailand’s Finance Ministry believes that the tax break will help raise at least 1 billion baht, or approximately $30 million, in the medium term. This increase is expected to come from growth in the digital economy and more investor participation. The policy facilitates the use of crypto assets within guidelines that have been endorsed by the Financial Action Task Force. These entail anti-money laundering measures that keep digital transactions trackable and secure.

The new measure allows Thailand to further establish a visible and regulated route of digital finance. The government aims to attract more businesses into the country by providing tax relief as a way of promoting innovation.

Thailand has also recently acted to shut down some crypto exchanges that were operating without domestic authorization. The Thai SEC announced restrictions on five international platforms, including Bybit, OKX, and CoinEx. These restrictions will take effect on June 28. Authorities explained that the decision follows efforts to ensure all digital trading platforms operate with proper oversight. The Finance Ministry’s approach appears to reward those companies that meet the required standards.

Thailand Moves Toward Transparent Digital Asset Practices

The Revenue Department in Thailand is preparing to redesign its operations to become compliant with international data-sharing norms. It intends to adhere to the provisions of the Organisation for Economic Co-operation and Development. This will enable the country to track transactions of digital assets in a more transparent and traceable way. Authorities believe that this step will support the secure growth of Thailand’s digital economy.

In addition, major companies like KuCoin and Tether are expanding their presence in the country. KuCoin received a license to run a local crypto platform, while Tether launched its tokenized gold product through a Thai exchange. These developments show that licensed digital businesses continue to grow in Thailand’s supervised market.