The Thai government approved the implementation of tax exemption for the capital gains obtained in the purchase and sale of crypto currency on licensed crypto asset platforms, which would be valid for five years from the beginning of 2025. This regulation will be in force from 1 January 2025 to 31 December 2029.
Tax exemption to crypto currencies
According to the new decision, Thailand Deputy Minister of Finance Jurapun Amornvivat, this step aims to invest in the country, to increase economic activity, and to support long -term growth, he said. In the assessment of the Ministry of Finance, this policy is aimed at increasing the competitiveness of Thailand in the field of global crypto economy. In addition, regular and transparent growth and a large amount of capital entry to the country are expected.
“The cabinet approved a five -year crypto tax exemption to encourage Thailand to be the center of a global crypto asset.”
According to the information conveyed by the Ministry, it is foreseen that more than one billion baht can be obtained as a result of increasing economic mobility during the exemption period. It is one of the biggest advantages that the regulation concentrates activities on registered platforms, especially by preventing capital escape.
Conditions and Scope of Exemption
The exemption of capital income tax includes investors who perform transactions on crypto asset platforms licensed by the Thai Capital Markets Board. It was emphasized that platforms that operate unlicensed outside the country or provide unlicensed service in Thailand cannot benefit from this exemption. Investors and institutions will have to control the license status of the platforms they receive service.
Julapun Amornvivat: “Exemption from the Capital Kazan Tax will be valid only for crypto asset sales through operators organized by the Capital Markets Board.”
Authorities pointed out that the new regulation is compatible with the international standards of the Economic Development and Cooperation Organization and the Financial Action Mission Force. On the other hand, the application of value added tax in crypto assets in order to support financial stability came to the agenda.
Thailand’s crypto monetary policies
Thailand has recently taken important steps in the field of crypto assets. Previously, the first Spot Bitcoin in 2024 $105,662.15 He approved the investment fund and allowed the portfolio management company to start Bitcoin Fund to serve corporate investors. The fund offers safe investment as a licensed and regulated product for corporate investors.
The government follows a two -way policy in the crypto sector. While supporting licensed and registered platforms to encourage innovation, it takes serious measures against unlicensed platforms. Together with the specified regulations and tax exemptions, Thailand aims to be the leader in this field at the regional level.
Thailand is trying to attract both local and international investors with its net legal framework, transparent licensing system and investor -friendly applications.
Five -year tax exemptions and new regulations aim to not only increase capital entry into the country, but also to position Thailand as a center of block and digital assets. With the government’s policy preferences, the digital asset market in the country is expected to grow in a steady and controlled manner. The monitoring of developments and regulations related to crypto currencies will maintain its importance in the coming period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
