Thailand’s Ministry of Finance Announces No Capital Gains Tax on Crypto Sales Until 2029

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Thailand aims to boost digital asset adoption by waiving capital gains taxes on digital assets sold via licensed platforms from January 1, 2025 until December 31, 2029.

The Thai Ministry of Finance announced its new crypto taxation policy in line with a commitment to making Thailand an international digital asset hub in an official statement on June 17, 2025. 

Deputy Minister of Finance Julapun Amornvivat said the exemption applies to digital asset exchanges, dealers, and brokers as defined in the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). Exchanges, dealers, and brokers must be licensed by the Securities and Exchange Commission.

Thailand introduced laws on digital assets and taxation in 2018, making it among the first countries in the world to do so. It now seeks to bolster its reputation as an international digital assets hub to encourage investment and innovation in the country.

The Ministry of Finance believes the policy will help the Thai economy grow, contributing over 1 billion baht  (approx. $31 million) to the economy in the medium term. It also believes the measure will encourage digital assets trading via licensed Thai operators, supervised by the SEC and Anti-Money Laundering Office, and complying with AML/KYC obligations. 

The Deputy Minister expressed confidence in the transparency of the licensed Thai system, highlighting that the Revenue Department is in the process of implementing the OECD’s Crypto-Asset Reporting Framework.

This announcement is part of a pattern of recent interest in mainstream digital asset use in the country. In May 2025, Minister of Finance Pichai Chunhavajira announced a pilot scheme that would allow tourists to link digital assets to credit cards to spend in the country. Thailand also recently approved the issuance of fractional government bonds called G-Tokens using blockchain technology.
Thailand’s tax breaks for digital assets follow similar moves by jurisdictions around the world, like Hong Kong and Czechia, to encourage digital asset investment.