Thailand Approves Crypto Tax Exemption to Boost Innovation and Investment

Thailand’s cabinet has approved new tax measures that exempt personal income tax on capital gains from the sale of digital assets conducted through platforms regulated by the Securities and Exchange Commission (SEC). The exemption will be in effect from January 1, 2025, through December 31, 2030.

Announced by Deputy Finance Minister Chulaphan Amornvivat on X, the initiative is part of a broader strategy to position Thailand as a regional digital asset hub. The policy aims to stimulate the domestic crypto market, attract foreign investment, and support Thai entrepreneurs.

Officials expect the move to generate at least 1 billion baht in tax revenue over the medium term and potentially pave the way for new tax instruments, including a Value Added Tax (VAT) on digital assets.

Enhancing Transparency and Global Compliance

The Revenue Department is also working to align with OECD standards on international information exchange, further reinforcing transparency and compliance in digital transactions.

“This is an important step toward enhancing Thailand’s economic potential and helping our entrepreneurs compete globally,” said Amornvivat.

Supporting a Broader Digital Asset Ecosystem

The latest measure follows a March 2024 decision to exempt investment tokens from capital gains tax, a move that avoided double taxation and further supports the growth of Thailand’s evolving digital economy.