Thailand Implements Tax Exemptions to Bolster Role as Global Digital Asset Hub

Thailand’s Cabinet greenlights tax exemptions on digital asset gains to promote the country as a leading financial and blockchain innovation hub.

On June 17, 2025, Thailand’s Cabinet approved a set of tax measures aimed at positioning the country as a leading Digital Asset Hub. These measures, outlined in a draft ministerial regulation proposed by the Ministry of Finance, include significant tax exemptions designed to foster growth in the digital asset sector while aligning with the government’s vision of establishing Thailand as a global financial hub. 

Tax Exemption on Crypto Gains (2025–2029)

The tax measures include an exemption from personal income tax on capital gains generated from the sale of digital assets. This exemption applies to transactions conducted through regulated digital asset businesses registered in Thailand, including exchanges, brokers, and dealers, as defined under the Digital Asset Business Emergency Decree B.E. 2561 (2018). The exemption is effective from January 1, 2025, to December 31, 2029. The Revenue Department defines cryptocurrencies and digital tokens (jointly referred to as “digital assets”) as follows:  “Cryptocurrency” refers to electronic data built on systems or electronic networks to be used as currency for the exchange of goods and services, in compliance with the regulations of Thailand’s Securities and Exchange Commission (SEC).“Digital Token” refers to digitally recorded instruments built on systems or electronic networks, which have an intrinsic value and grant their holders rights to tradable assets or utilities.

Boosting Token Fundraising & Trading

By refining the tax framework, the government aims to promote digital fundraising through token issuance and encourage the trading of cryptocurrencies and digital tokens via entities under the supervision of the Securities and Exchange Commission (SEC). The revised tax measures are expected to accelerate the growth of Thailand’s digital asset market and related businesses. They aim to boost innovation in digital technology, increase economic activity, and generate additional tax revenue. Medium-term projections estimate a rise in tax income by at least 1 billion baht. 

SEC & AML Compliance Required 

Digital asset transactions must occur through Thai-regulated businesses that adhere to guidelines set by the SEC and the Anti-Money Laundering Office. Additionally, these measures align with recommendations from the Financial Action Task Force, ensuring that transactions remain transparent and verifiable. 

Adopting OECD CARF Standards 

To further strengthen compliance and transparency, the Revenue Department is implementing the OECD’s Crypto-Asset Reporting Framework (CARF), facilitating the automatic exchange of digital asset transaction data with global counterparts. This initiative enhances the transparency of digital asset transactions and aligns with international standards. 

Pushing Thailand as a Digital Leader 

These tax measures mark a step in Thailand’s efforts to foster innovation, support economic growth, and position the country as a pioneer in the global digital asset landscape. The government’s proactive approach underscores its commitment to creating a robust ecosystem for digital assets while ensuring transparency and international cooperation.