Investors trading cryptos in Thailand will soon enjoy a full exemption on capital gains tax through 2029, according to The Nation.
The measure, signed into regulation by Deputy Finance Minister Julapun Amornvivat, will take effect once published in the Royal Gazette.
It follows a Cabinet resolution in June that endorsed removing tax filing requirements for profits earned from digital asset trading.
The exemption, which runs from 1 January 2025 to 31 December 2029, applies to trades carried out on platforms regulated by the Securities and Exchange Commission, including licensed exchanges, brokers, and dealers.
Officials said the move is aimed at boosting confidence in Thailand’s digital asset sector and attracting foreign capital.
By eliminating tax on crypto gains, the government hopes to stimulate innovation and help local exchanges compete more effectively in global markets.
The Finance Ministry estimates that indirect tax revenues could rise by about 1 billion baht over the medium term, as increased market activity supports broader economic growth.
Julapun said the policy underlines Thailand’s commitment to supporting regulated digital trading, while also positioning the country as a regional hub for blockchain and fintech investment.
Featured image: Edited by Fintech News Singapore, based on images by suriyawutsuriya and yokaew via Freepik
