Catenaa, Wednesday, June 18, 2025- Thailand Cabinet has approved a sweeping five-year personal income tax exemption on capital gains from cryptocurrency transactions, a move aimed at positioning the country as a leading hub for digital assets and blockchain innovation.
Effective from January 1, 2025, through December 31, 2029, the exemption applies exclusively to trades conducted on platforms licensed by the country’s Securities and Exchange Commission.
The measure is part of a broader strategy to attract foreign capital and stimulate domestic fintech growth, the Ministry of Finance said Tuesday.
Deputy Finance Minister Julapun Amornvivat said the policy was crafted to encourage responsible trading, promote technological advancement, and enhance the country’s appeal to global investors.
The government expects the initiative to yield over 1 billion baht in indirect tax revenue by spurring broader economic activity.
Thailand now joins a short list of countries with clearly defined tax policies for crypto assets. Officials say the new law will promote transparency and facilitate compliance through protocols aligned with OECD data standards. The Thai Revenue Department is expected to introduce further crypto-related tax models, including potential value-added tax provisions.
The tax incentive comes alongside a crackdown on unregistered exchanges. Thailand’s SEC plans to block access to platforms including Bybit, CoinEx, and OKX starting June 28, citing investor protection and anti-money laundering concerns.
