Odaily Planet Daily reports: According to an announcement by Thailand’s Ministry of Finance, Thailand will exempt capital gains tax on cryptocurrency transactions for five years, from January 1, 2025, to December 31, 2029. This policy applies only to transactions conducted through Thai SEC-licensed exchanges, brokers, or dealers. The Ministry of Finance estimates that this measure will generate approximately $1 billion in annual tax revenue. Other cryptocurrency income, such as mining and staking, remains subject to taxation.
Thailand Exempts Crypto Trading from Capital Gains Tax Until 2029
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Summary
Thailand has announced that capital gains tax will not apply to cryptocurrency trading from January 1, 2025, to December 31, 2029. The exemption applies to transactions conducted through licensed exchanges, brokers, or dealers regulated by the Thai SEC. This measure is intended to promote compliance with Countering the Financing of Terrorism (CFT) regulations. The ministry estimates the policy will generate approximately $1 billion in annual tax revenue. Other cryptocurrency earnings, such as mining and staking, remain subject to taxation.
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