Thailand crypto tax reform exempts digital asset profits for five years
Thailand has announced a significant tax reform to position itself as a leading crypto-friendly nation.
On June 17, the country’s Cabinet approved a five-year personal tax exemption on profits from selling digital assets, including Bitcoin. The measure takes effect from January 2025 and will run until December 2029.
Deputy Finance Minister Julapun Amornvivat explained on the social media platform X that the capital gains tax will be waived for all crypto transactions conducted through licensed digital asset service providers (CASPs).
The policy aims to attract more investment into Thailand’s digital economy while boosting domestic consumption and innovation.
The authorities expect the tax incentive to contribute over 1 billion baht…
