Key Takeaways
- Thailand exempts personal income tax on bitcoin and digital asset gains through SEC-regulated platforms until 2030.
- The initiative aims to strengthen Thailand’s position as a digital asset hub and attract foreign investment.
- Authorities expect an increase in tax revenue and are preparing to align with OECD transparency standards.
Thailand’s cabinet has enacted tax measures exempting personal income tax on capital gains from bitcoin and other digital asset sales conducted via SEC-regulated platforms.
The exemption applies from January 1, 2025, through December 31, 2030, as the country seeks to enhance its status as a digital asset hub and attract global investment.
Deputy Finance Minister Chulaphan Amornvivat stated:
“The Cabinet has approved tax measures proposed by the Ministry of Finance to promote Thailand as a Digital Asset Hub”
The aim is to boost the bitcoin market, attract foreign capital, and stimulate domestic consumption.
Revenue
Thai officials anticipate that this initiative could result in an increase of at least 1 billion baht in medium-term tax revenue.
The government is also considering new tax forms, including a Value-Added Tax (VAT) for digital assets.
The Revenue Department is preparing to comply with the OECD’s international information exchange standards for digital transactions to ensure transparency and verifiability.
Amornvivat added:
“I firmly believe this is another important step toward enhancing our country’s economic potential—and a great opportunity for Thai entrepreneurs to grow on the global stage.”
Previously, in March of the prior year, Thailand had approved a tax exemption for earnings from investment tokens to avoid double taxation.
With these moves, Thailand joins the ranks of countries implementing comprehensive digital asset regulations and tax frameworks.
