Thailand’s approved crypto income tax waiver only applies to crypto sales made through licensed crypto asset service providers from 2025 to late 2029.
Thailand has approved new tax exemptions on income from the sale of cryptocurrencies like Bitcoin for five years, according to an official announcement by the Ministry of Finance.
Thailand will waive the capital gain tax on crypto sales made through licensed crypto asset service providers in the period from Jan. 1, 2025, to Dec. 31, 2029, deputy finance minister Julapun Amornvivat said in a statement issued on June 17.
According to the minister, the measure is designed to strengthen Thailand’s position as a global financial hub and one of the first countries in the world to adopt laws for digital assets and their taxation.
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