Thailand Approves Crypto Tax Exemption Until 2029

Thailand''s Cabinet has greenlit a five-year personal income tax exemption on profits from digital asset trading, effective January 2025 through December 2029. The move signals a strategic pivot as the nation positions itself as a regional crypto hub.

Deputy Finance Minister Chulaphan Amornvivat confirmed the policy applies exclusively to transactions conducted through SEC-regulated platforms. The exemption aims to stimulate market growth, attract blockchain businesses, and generate an estimated 1 billion baht in medium-term tax revenue.

This regulatory shift places Thailand in direct competition with other Asian jurisdictions vying for digital asset dominance. Market observers anticipate increased trading volume across major cryptocurrencies as the policy takes effect.