Ministerial regulation to exempt crypto trading tax publicised
Thailand exempts crypto trading tax for five years under new Finance Ministry regulation, effective from January 2025 to December 2029.
A ministerial regulation issued by the Finance Ministry to exempt income tax on capital gains from the trading of digital assets for five years has been published in the Royal Gazette.
The 399th ministerial regulation was published in the Royal Gazette on Friday, September 5, after being signed by then deputy finance minister Julapun Amornvivat on August 27.
The regulation was enacted under Article 4 of the Revenue Code to amend Finance Ministry regulation No. 126, which specifies categories of proceeds exempt from revenue tax.
The new regulation adds Article 109 to regulation No. 126, stating:
“(109) Benefits derived from the transfer of cryptocurrency or digital tokens carried out through a digital asset exchange, through a licensed digital asset broker, or transferred to a licensed digital asset dealer under the law governing digital asset businesses, shall be regarded as taxable income only to the extent that the proceeds exceed the investment cost. This shall apply to assessable income received from 1 January 2025 to 31 December 2029.”
