EddieJayonCrypto

 17 Jun 25

tl;dr

Thailand's government has approved a five-year personal tax exemption on profits from selling digital assets, effective from January 2025 to December 2029. The capital gains tax waiver applies to crypto transactions conducted through licensed digital asset service providers. This policy aims to boos...

Thailand’s government has approved a five-year personal tax exemption on profits from selling digital assets, effective from January 2025 to December 2029. This capital gains tax waiver applies exclusively to crypto transactions conducted through licensed digital asset service providers. The initiative aims to boost Thailand’s digital economy by attracting investment, fostering innovation, and positioning the country as a regional hub for blockchain and digital businesses.

Deputy Finance Minister Julapun Amornvivat emphasized that this tax policy is designed to stimulate Thailand’s digital asset ecosystem, enhancing its vibrancy and competitiveness. The exemption is part of a broader strategy to support Thai entrepreneurs and grow the country’s presence on the global stage. Officials anticipate the tax incentives will contribute over 1 billion baht (approximately $30.7 million) to the economy in the medium term.

Alongside the tax exemption, regulatory measures will ensure compliance with anti-money laundering (AML) rules, overseen by the Thai Securities and Exchange Commission (SEC). Furthermore, the Revenue Department plans to adopt the OECD’s Crypto-Asset Reporting Framework (CARF), promoting transparency and curtailing tax evasion in cross-border crypto transactions by sharing data with international tax authorities.

The government’s approach balances support for the crypto sector with regulatory oversight. Recent policies include approvals of stablecoins like Tether and USDC for digital trade and consideration of spot Bitcoin ETFs. Meanwhile, authorities continue to enforce guidelines by cracking down on illegal crypto mining activities, reinforcing Thailand’s commitment to a safe and innovative digital asset environment.

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 27 Jun 25
 27 Jun 25
 27 Jun 25