Thailand Grants Crypto Tax Exemption Until 2029
On 17 June 2025, the Deputy Finance Minister of Thailand, Chulaphan Amornvivat, announced via X that the Thai government has greenlit an exemption from taxes on profits from Bitcoin and cryptocurrencies. The Thai Securities and Exchange Commission (SEC) has authorized the tax relief on digital currency from 1 January 2025 to 31 December 2029.
This initiative aims to encourage transparent trading, foster technology and innovation, and boost the growth of the Thai economy.
“We are moving forward! The government is striving to establish Thailand as the global hub for digital assets and I have some great news to share,” Amornvivat expressed while announcing the tax exemption.
BREAKING:
THAILAND APPROVES TAX EXEMPTION ON PROFITS FROM Bitcoin AND CRYPTO SALES FOR FIVE YEARS.
SUPER BULLISH!!
— Ash Crypto (@Ashcryptoreal) June 17, 2025
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“Thailand is recognized as one of the pioneering nations in establishing clear legislation and tax strategies for digital assets”
Amornvivat highlighted that the law’s essential purpose is to invigorate the digital currency market in Thailand, drawing foreign investments to stimulate local consumption, and possibly introducing additional forms of taxation, such as value-added tax (VAT), in the future.
“Additionally, Thailand is viewed as one of the initial countries globally with definitive laws and tax frameworks for digital assets. The Revenue Department is currently preparing to align with the Organisation for Economic Co-operation and Development’s (OECD) data exchange standards, aiming to enhance the transparency and auditability of digital transactions within the country,” Amornvivat stated.
Moreover, he is uptrend that this tax relief for cryptocurrencies represents a significant stride in boosting Thailand’s economic potential and could offer Thai entrepreneurs a chance to thrive on a global network.
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Thailand’s Recent Crackdown on Crypto Exchanges Including Bybit, OKX, CoinEx
The SEC of Thailand plans to deny access to Bybit, OKX, CoinEx, 1000X, and XT.COM commencing 28 June 2025. Based on a 30 May 2025 press release from the Thai SEC, the action to block these five prominent exchanges stems from claims that they operated in Thailand without the proper licensing.
In addition, the Thai SEC is pursuing legal measures against these unlicensed exchanges. Stricter penalties are also being enforced for individuals partaking in cybercrime involving digital asset accounts.
The SEC stated that this initiative is intended to safeguard investors and thwart fraudulent activities that hack unauthorized digital asset trading platforms for money laundering purposes. “The SEC has forwarded the aforementioned protocol data to the Ministry of Digital Affairs,” the press release mentioned. “The Ministry of Digital Affairs will block the platforms’ access, thus restricting public entry from 28 June 2025.”
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Key Insights
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Thailand has abolished personal income tax on digital currency gains through platforms regulated by the Thai SEC.
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This initiative aims to enhance transparent trading, support innovation and technology, and invigorate continuous economic growth in Thailand.
The article Thailand Approves Crypto Tax Break Until 2029 was first published on 99Bitcoins.
