Thailand has approved a five-year tax exemption on capital gains from digital asset trading, provided the transactions are conducted through licensed platforms.

The measure, approved by the Cabinet on 17 June, will waive personal income tax on profits earned from the sale of digital assets via exchanges, brokers, and dealers licensed under the Royal Decree on Digital Asset Businesses B.E. 2561.

The exemption will apply from 1 January 2025 to 31 December 2029.

Deputy Finance Minister Julapun Amornvivat said the move is part of the government’s effort to promote Thailand as a global digital asset hub and support the growth of the local digital asset market.

He noted that the exemption applies only to transactions carried out through platforms regulated by the Securities and Exchange Commission and in compliance with anti-money laundering standards.

These operators follow guidelines from the Financial Action Task Force to ensure transparency and traceability.

The Revenue Department is also working on adopting the OECD’s Crypto-Asset Reporting Framework, which would enable the automatic exchange of digital asset transaction data with other countries.

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