Thailand Waives Bitcoin Capital Gains Tax for Five Years

Thailand's government has introduced a five-year tax break for Bitcoin and other digital asset sales. The exemption from personal capital gains tax will cover eligible transactions made through licensed platforms between January 1, 2025, and December 31, 2029.

The measure follows a previous decision to waive the 7% value-added tax on digital asset gains in February 2024. This latest step aims to bring crypto gains closer to the tax treatment of securities traded on the Thai stock exchange.

Only trades made through platforms licensed by Thailand's Securities and Exchange Commission will qualify for the exemption. Transactions on unlicensed exchanges will remain subject to standard personal income tax rates, which can reach up to 35% in some cases.

Deputy Finance Minister Julapun Amornvivat has stated that the wider digital asset sector could generate more than 1 billion baht ($30 million) in tax revenue over the medium term. The current policy runs for five years and does not guarantee an extension, so investors will need to watch for any updates before the exemption expires.