Thailand grants five-year personal income tax exemption on digital asset gains

This policy supports Thailand’s ambition to become a regional digital-asset hub and to stimulate the domestic fintech and blockchain economy.  

Key features of the exemption 

Compliance and record-keeping  

To benefit from the exemption, taxpayers should:  

• Use SEC-licensed platforms: Only gains from transactions through licensed exchanges, brokers, or dealers qualify.  
• Maintain clear documentation: Keep acquisition and disposal records, trade confirmations, and cost details to substantiate exemption claims in case of a Revenue Department audit.  
• Consider remittance rules: Thai tax residents bringing crypto profits earned abroad into Thailand should monitor whether the exemption extends to such remittances. 

Practical considerations  

• Strategic planning: Investors may wish to align disposals of digital assets within the five-year window to maximise tax efficiency.  
• Non-capital income: Earnings from mining, staking, or similar activities remain subject to normal personal income tax unless future regulations provide otherwise.  
• Policy horizon: Unless extended, the exemption will expire on 31 December 2029 and normal progressive personal income tax rates (5%–35%) will again apply to capital gains.  

Our recommendation 

We encourage individual investors and advisers to review their digital-asset portfolios and trading arrangements to ensure compliance and to optimise tax outcomes.  

Early planning is advisable given the temporary nature of this measure and the need for robust record-keeping.  

Reference (in Thai): 

• Ministerial Regulation No. 399. Retrieved from  
  The Revenue Department of Thailand.