Thailand’s Cabinet has exempted digital asset transactions from income tax for a period of five years, according to Deputy Finance Minister Julapun Amornvivat.
[? Full steam ahead! The government is pushing to promote Thailand as the world’s digital asset hub ???]
I have good news to share! Today, the Cabinet has approved tax measures to promote becoming a Digital Asset Hub as proposed by the Ministry of Finance…
— จุลพันธ์ อมรวิวัฒน์ (@jamornvivat) June 17, 2025
The tax-free period will last from January 1, 2025, to December 31, 2029.
The primary condition for tax exemption is conducting transactions through local brokers and trading platforms licensed by the Thai Securities and Exchange Commission. This move aims to enhance market transparency and support regulated participants, noted Amornvivat.
Amornvivat mentioned that the initiative might lead to the introduction of other taxes in the future, such as VAT on cryptocurrency-related services. He forecasts that in the medium term, the tax-free period will bring at least 1 billion baht (approximately $30.7 million at the time of writing) into the budget.
The Deputy Finance Minister stated that “Thailand is one of the first countries in the world to implement such clear legislation and specific tax measures for regulating the digital asset sector.” He revealed that the country’s Revenue Department is already preparing to implement information exchange standards from the OECD.
“I am convinced that this is another important step towards enhancing our country’s economic potential and a great opportunity for Thai entrepreneurs to grow and make their mark on the global stage,” concluded Amornvivat.
In April, the Commission adopted amendments with additional restrictions for foreign crypto platforms and new requirements, including data collection and blocking criminal transactions.
In May, the Thai government announced the launch of the G-Token digital investment token. The SEC emphasized that the asset, developed by the Ministry of Finance to cover the budget deficit, cannot be used for payments or transfers.