Thailand has confirmed a 0% capital gains tax on Bitcoin and other cryptocurrencies — with one decisive caveat: the exemption applies only to trades executed on platforms licensed by the country's Securities and Exchange Commission (SEC). According to [CryptoBriefing](https://cryptobriefing.com/thailand-zero-capital-gains-tax-crypto/), the exemption, formalized under Ministerial Regulation No. 399, covers the period from January 1, 2025, through December 31, 2029.
A tax break reserved for regulated exchanges
The measure, proposed by the Ministry of Finance and approved by the cabinet in June 2025, exempts personal income tax on capital gains from selling digital assets through operators licensed under the 2018 Digital Asset Business Decree. Trades on unlicensed exchanges, foreign crypto income and non-compliant activity remain subject to ordinary personal income tax rates, which in Thailand can reach 35%.
The exemption aligns the tax treatment of digital asset gains with capital gains on traditional securities traded on the Thai stock exchange.
Pushing to become a digital asset hub
The confirmation builds on a broader opening. In February 2024 the government had already scrapped the 7% value-added tax on crypto gains. Deputy Finance Minister Julapun Amornvivat hailed the initiative as "a key step in boosting Thailand's economic potential," with the government projecting tax revenue from the digital asset sector above 1 billion baht (roughly $30 million) in the medium term, as reported by [Blockhead](https://www.blockhead.co/2025/06/18/thailand-exempts-crypto-capital-gains-from-tax-through-2029/).
Thailand is also working on transparency: the Revenue Department is preparing to implement the OECD's Crypto-Asset Reporting Framework, while the local SEC keeps a dual approach, encouraging innovation but clamping down on unauthorized platforms — in May 2025 it announced plans to block five exchanges (Bybit, 1000X, CoinEx, OKX and XT) from serving Thai users. In parallel, it is considering allowing locally issued Bitcoin ETFs to list on Thai exchanges.
The catch: it's time-limited
The main risk is durability. The exemption runs for five years, with no guarantee of extension beyond 2029. And because it was formalized through a ministerial regulation rather than parliamentary legislation, it could in theory be reversed with less friction.
Sources
- [CryptoBriefing — Thailand implements 0% capital gains tax on Bitcoin and crypto for five years](https://cryptobriefing.com/thailand-zero-capital-gains-tax-crypto/)
- [Blockhead — Thailand Exempts Crypto Capital Gains From Tax Through 2029](https://www.blockhead.co/2025/06/18/thailand-exempts-crypto-capital-gains-from-tax-through-2029/)
