Thailand Waives Crypto Gains Tax for Five Years to Boost Adoption

Thailand has introduced a five-year tax exemption plan for cryptocurrency gains to boost adoption and promote trading on regulated platforms.

The proposal, which will be in effect from January 1, 2025, to December 31, 2029, exempts individuals who purchase and sell cryptocurrencies like Bitcoin and Ethereum on Thai exchanges licensed by the SEC from paying personal income tax on their capital gains.

This move is intended to increase trading activity on regulated platforms, enhance market transparency, and fortify investor protection. However, trades made on unlicensed exchanges or profits from specific foreign cryptocurrency ventures are still subject to standard progressive personal income tax rates, which can go up to 35%.