Thailand to Exempt Capital Gains Tax on Virtual Assets for 5 Years

The Thai government is set to exempt capital gains tax on virtual asset (cryptocurrency) transactions until December 31, 2029 (local time).

On the 17th (local time), The Block reported that the Thai cabinet has approved the capital gains tax exemption measure proposed by the Ministry of Finance. Accordingly, capital gains tax on virtual asset transactions will be exempted until December 31, 2029. However, the exemption applies only to transactions conducted through government-approved operators.

Julapun Amornvivat, Deputy Minister of Finance in the Thai Prime Minister’s Office, stated, "The Thai government is accelerating its efforts to become a global digital asset hub," adding, "This measure will be an important turning point, enabling Thai companies to expand globally."