Thailand’s Ministry of Finance has confirmed a five-year capital gains tax exemption for cryptocurrency trading, running from Jan. 1, 2025 to Dec. 31, 2029. The policy applies only to trades executed through exchanges, brokers or dealers licensed by Thailand’s SEC. Mining and staking income will still be taxed, while the ministry said the move could generate about $1 billion a year in tax revenue through higher market activity, foreign investment and domestic spending.
Thailand will exempt cryptocurrency trading from capital gains tax for five years, from Jan. 1, 2025 to Dec. 31, 2029, according to an announcement from the country’s Ministry of Finance.
The exemption applies only to transactions carried out through exchanges, brokers or dealers licensed by Thailand’s Securities and Exchange Commission (SEC). The finance ministry said the policy is meant to attract investors and build a more resilient digital asset ecosystem.
The ministry estimated the measure could generate about $1 billion in annual tax revenue, citing higher market activity, foreign capital inflows and stronger domestic consumption. Thailand’s deputy finance minister said the move would help position the country as one of the world’s financial hubs.
Mining and staking income will still remain taxable. Thailand’s approach also aligns with several jurisdictions that have fully removed capital gains tax on crypto.
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