🧾 What the Policy Says
On June 17, 2025, Thailand’s Cabinet approved a tax measure under which personal income tax on capital gains from the sale of digital assets will be exempt from January 1, 2025 through December 31, 2029, provided the sale is conducted via a licensed digital asset business (exchange, broker or dealer) regulated under the country’s 2018 Digital Asset Business Decree.
Deputy Finance Minister Julapun Amornvivat described the move as part of Thailand’s strategy to become a “global digital asset hub” and to boost innovation, token‑based fundraising and digital economy growth.
📈 Why Thailand Did It
- Stimulate digital asset activity: By waiving the capital gain tax, Thailand aims to increase trading volume, attract foreign investment, and deepen its crypto ecosystem.
- Encourage use of regulated platforms: The exemption only applies when using licensed Thai digital asset operators — meaning local exchanges benefit, and offshore/unlicensed platforms are discouraged.
- Leverage medium‑term benefit: While giving up tax revenue upfront, authorities expect increased economic activity (e.g., token fundraising, fintech growth) and estimate at least THB 1 billion (~US$30 million) in medium‑term revenue from the initiative.
⚠️ Key Conditions & Caveats
- Trade must occur through licensed provider: Only exchanges/brokers/dealers approved under the Thai SEC qualify. Trades via offshore or unlicensed venues are not covered.
- The exemption is time‑limited: It covers January 1, 2025 through December 31, 2029. After that, the standard tax regime may apply again.
- Not a blanket free ride: Other crypto‑related income (such as mining, receipt of crypto as payment, airdrops) may still be taxable under personal income tax rules.
- Global transparency trend continues: Thailand is implementing the OECD’s Crypto‑Asset Reporting Framework (CARF) to share crypto transaction information internationally — meaning anonymity may reduce, even with tax exemption.
🌍 What It Means Globally & for Investors
Thailand joins a small but growing list of jurisdictions offering favourable tax treatment for crypto capital gains. Compared with countries that levy high taxes on crypto trading or gains, this move strengthens Thailand’s appeal in Southeast Asia for crypto‑investors, startups and token issuers.
For crypto traders and investors, the policy creates a clear incentive: use of Thailand‑licensed platforms may lead to tax‑free gains (for five years). But it also signals the importance of compliance, licensing and regulatory oversight.
Start‑ups, token issuers and service providers may be more willing to locate or expand in Thailand given the regulatory signal and tax environment. At the same time, traders should remain aware of the conditions and timeline of the exemption.
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If you’re considering trading, diversifying or entering crypto markets, KXZ Store offers crypto gift cards (Binance, Crypto Voucher, Give Me Crypto & more). It’s a convenient way to expand your crypto toolkit while navigating regulatory and tax developments like those in Thailand.
Thailand’s five‑year capital gains tax exemption for crypto trades via licensed platforms is a strategic move to boost its digital‑asset ecosystem and attract investment. For investors, it presents an opportunity—but success depends on platform choice, regulatory compliance and awareness of the policy’s conditions. Whether you’re a trader, issuer or service‑provider, it’s worth staying informed as Thailand’s crypto landscape evolves.