Thailand’s cabinet has approved a major tax exemption for personal income earned from digital asset sales through platforms regulated by the Securities and Exchange Commission. The new policy will take effect from January 1, 2025, and continue through December 31, 2030. This move aims to support Thailand’s ambition to become a regional hub for digital assets.

Deputy Finance Minister Chulaphan Amornvivat said the tax relief is expected to boost crypto activity, attract foreign investment, and drive domestic spending. He emphasized that this step marks progress in expanding Thailand’s digital economy and offers a strong growth opportunity for Thai entrepreneurs in the global market.

Authorities estimate that the initiative could raise at least 1 billion baht in medium-term tax revenue and open the door for new tax frameworks, including a potential Value-Added Tax on digital assets. The Revenue Department is also working to align with OECD standards for transparent and verifiable digital transactions, ensuring credibility in the crypto space.

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