Thailand Exempts Crypto Capital Gains From Tax Through 2029
Thailand’s Cabinet has approved a capital gains tax exemption for cryptocurrency transactions, effective until December 31, 2029, as the country accelerates efforts to establish itself as a global digital asset hub.
The Ministry of Finance proposed the measure, which exempts capital gains from digital asset sales from personal income tax, provided transactions are conducted through licensed businesses regulated by Thailand’s Securities and Exchange Commission under the 2018 Digital Asset Business Decree.
“Full speed ahead! The Thai government is accelerating efforts to position Thailand as a global digital asset hub,” Deputy Finance Minister Julapun Amornvivat said in a social media post Tuesday, The Block reported. “I believe this…
