Thailand Ditches Capital Gains Tax for Crypto Trades Through Licensed Platforms
Thailand has introduced a new policy exempting capital gains tax on cryptocurrency trades conducted through licensed platforms. The exemption, which applies from January 1, 2025, to December 31, 2029, aims to encourage traders to use locally regulated channels rather than foreign or unregulated platforms.
The regulation, published in the Royal Gazette under Ministerial Regulation No. 399, is designed to promote Thailand as a global digital asset hub. It applies only to transactions conducted through Securities and Exchange Commission of Thailand-licensed exchanges, brokers, and dealers, and does not exempt gains generated outside approved channels.
Under the regulation, individual investors who trade digital assets through SEC-licensed platforms do not pay personal income tax on qualifying gains. To qualify for the exemption, traders must retain accurate purchase and sale records, including dates and exchange receipts, to help prove eligibility if requested by tax authorities.