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Thailand Introduces Five-Year Tax Exemption to Stimulate Crypto Market Growth
Thailand Introduces Five-Year Tax Exemption to Stimulate Crypto Market Growth
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Thailand''s government has approved a five-year capital gains tax exemption for cryptocurrency trading on licensed platforms, effective January 1, 2025, through December 31, 2029. The policy aims to position Thailand as a competitive hub for digital asset activity while preventing capital flight.
Deputy Finance Minister Julapun Amornvivat framed the move as a strategic play for global crypto relevance. The Ministry of Finance projects the measure will generate over one billion baht in indirect tax revenue through increased economic activity. Licensed platforms under the Thai Capital Market Board''s oversight will serve as the exclusive channels for tax-free transactions.
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