Thailand Introduces Five-Year Tax Break for Crypto Income

Thailand has approved a five-year tax exemption on income from cryptocurrency sales, including Bitcoin, as part of a new initiative to boost the digital asset sector.

The exemption, announced by the Ministry of Finance, will apply to capital gains from crypto transactions conducted through licensed platforms between January 1, 2025, and December 31, 2029.

Deputy Finance Minister Julapun Amornvivat stated that the policy aims to position Thailand as a leading global financial hub and reinforce its early adoption of digital asset regulations.

The move also seeks to encourage regulated crypto trading under the oversight of the Thai Securities and Exchange Commission (SEC), in line with international Anti-Money Laundering (AML) standards set by the Financial Action Task Force (FATF).

The government emphasized the growing role of cryptocurrencies in fundraising, highlighting their potential to drive technological innovation and economic growth.