Thailand’s Cabinet approved a tax measure proposed by the Ministry of Finance to exempt crypto transactions from capital gains tax, effective until December 31, 2029.
“Full speed ahead! The Thai government is accelerating efforts to position Thailand as a global digital asset hub,” Deputy Finance Minister and the Pheu Thai Party’s Member of Parliament for Chiang Mai Province, Julapun Amornvivat, confirmed, according to a translated post on Tuesday. “I believe this is a key step in boosting Thailand’s economic potential and a major opportunity for Thai entrepreneurs to thrive on the global stage.”
Under the new measure, capital gains from the sale of digital assets will be exempt from personal income tax, provided the transactions are carried out through licensed businesses — such as exchanges, brokers, or dealers — regulated by the country’s Securities and Exchange Commission under Thailand’s 2018 Digital Asset Business Decree, Amornvivat said.
The policy is designed to promote transparent digital asset trading, support technological innovation, and stimulate steady economic growth. It is also projected to generate over 1 billion baht ($30 million) in tax revenue over the medium term, according to the Deputy Finance Minister. The main objective is to energize Thailand’s crypto market, attract foreign investment, and boost domestic consumption, he said.
Thailand is among the first countries in the world to implement clear laws and tax regulations governing digital assets. The country’s revenue department is also preparing to implement the OECD’s Crypto-Asset Reporting Framework to increase transparency and accountability in digital transactions.
Thailand previously waived its 7% value-added tax on crypto capital gains in February 2024. In January, the Securities and Exchange Commission announced that it was considering allowing locally issued Bitcoin ETFs to be listed on Thai exchanges amid rising global competition. More recently, in May, the regulator announced plans to block Bybit, 1000X, CoinEx, OKX, and XT from offering services to Thai users without proper authorization — part of broader efforts to restrict access to unlicensed platforms.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
