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Thailand Implements 0% Tax on Crypto Gains from Licensed Exchanges

Thailand has introduced a 0% personal income tax rate on capital gains from cryptocurrency trades, effective January 1, 2025, until December 31, 2029. This applies only to trades conducted through exchanges, brokers, or dealers licensed by the Securities and Exchange Commission of Thailand (SEC).

Key Points

  • The tax exemption is valid only for trades on SEC-licensed platforms.
  • Regular tax rules apply for foreign/unlicensed exchange activities, as well as income from mining, staking, or airdrops.
  • The regulation aims to encourage the use of local regulated exchanges and enhance financial transparency.
  • Analysts anticipate increased interest in Thailand's crypto sector due to this policy.
  • The policy is designed to make Thailand’s digital-asset sector more competitive while ensuring compliance.

Thailand Financial System Image

Investor Considerations

  • Only trades through approved channels qualify for the tax exemption.
  • Maintain accurate records of transactions to verify eligibility with tax authorities.
  • The exemption period ends on December 31, 2029, requiring potential law review or renewal post-2029.

This policy signals Thailand’s intent to attract both domestic and international investors by making compliant trading more attractive and distinguishing between regulated and unregulated channels.