Thailand Eliminates Cryptocurrency Capital Gains Tax for Five Years

Thailand has made a groundbreaking move in the global cryptocurrency landscape by approving a comprehensive five-year capital gains tax exemption on digital asset transactions. The measure takes effect from January 2025 and will run until December 2029, with Deputy Finance Minister Julapun Amornvivat announcing that the capital gains tax will be waived for all crypto transactions conducted through licensed digital asset service providers (CASPs).

This historic decision positions Thailand as one of the most crypto-friendly jurisdictions globally and represents a significant shift in the country’s approach to digital asset regulation and taxation.

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