Thailand Ditches Capital Gains Tax for Bitcoin and Crypto Traders

Thailand has introduced a five-year exemption from personal capital gains tax on eligible Bitcoin and other digital asset sales.

The measure, which applies to transactions made through platforms licensed by Thailand's Securities and Exchange Commission, aims to encourage investment in the country's digital asset market.

The 0% tax rate will cover trades completed between January 1, 2025, and December 31, 2029. However, transactions on unlicensed exchanges will remain subject to standard personal income tax rates, which can reach up to 35% in some cases.

The policy follows a previous decision to waive the 7% value-added tax on digital asset gains. Deputy Finance Minister Julapun Amornvivat has stated that the wider digital asset sector could generate more than 1 billion baht in tax revenue over the medium term, equivalent to approximately $30 million.