Thailand exempts crypto capital gains tax on licensed exchanges until 2029

Scope of the Tax Exemption

Ministerial Regulation No. 399, formalized on September 5, 2025, introduces a 0% capital gains tax rate for individuals trading eligible cryptocurrencies. The exemption applies to transactions conducted from January 1, 2025, through December 31, 2029.

Only trades made through digital asset platforms licensed by Thailand’s Securities and Exchange Commission (SEC) qualify for this tax break. These licensed exchanges must comply with strict know-your-customer protocols, anti-money laundering regulations, and technical security standards set by regulators, which are intended to ensure that regulated trading activity remains within Thailand’s oversight.

Trades completed on unlicensed or unauthorized exchanges do not receive the tax benefit and remain subject to the standard personal income tax. Individual income tax rates in Thailand can be as high as 35% for those not under the exemption scheme.

The measure also explicitly excludes foreign-sourced crypto income and non-compliant activities, meaning the 0% rate does not apply to cross-border gains or assets held outside the regulated channels within Thailand.

Mini dictionary: Thailand’s Securities and Exchange Commission (SEC) is the principal regulatory body responsible for overseeing the country’s securities and digital asset markets. The agency licenses exchanges and enforces rules to uphold investor protection and market integrity.

Investors using exchanges licensed by Thailand’s SEC will benefit from a 0% capital gains tax on their digital asset profits until 2029, while trades on unlicensed platforms will remain fully taxable under standard personal income laws.

Related Policy Developments

Thailand’s latest tax exemption follows earlier changes in digital asset taxation. In February 2024, the government suspended the application of the 7% value-added tax on digital asset gains, streamlining efforts to boost the country’s positioning as a regional fintech hub.

Deputy Finance Minister Julapun Amornvivat projected that growth in the digital asset sector could lead to over 1 billion baht, or approximately $30 million, in additional tax revenue in the medium term. This suggests policymakers expect long-term benefits through greater activity in the regulated sector, despite granting the exemption.

The five-year tax exemption has been enacted through a ministerial regulation rather than an act of parliament. This administrative approach enables future governments to revise, extend, or withdraw the tax measure with relative ease, without passing new legislation. The current exemption is not automatically renewable, so investors may need to plan ahead as the December 31, 2029 deadline approaches.

While the government expects the measure to drive growth in Thailand’s digital asset sector, investors must ensure their trades remain compliant and within officially licensed platforms to benefit from the exemption.