Crypto Wins Big: Thailand Moves To A 0% Tax On Local Exchange Gains

Overview

Thailand has implemented a new tax regulation that sets a 0% personal income tax rate on capital gains from cryptocurrency trades under specific conditions. This move aims to incentivize trading on local, regulated exchanges and enhance the country’s financial system.

Details of the New Tax Regulation

According to Ministerial Regulation No. 399 (MR 399), profits earned from selling or transferring cryptocurrencies via exchanges, brokers, or dealers licensed by the Securities and Exchange Commission of Thailand (SEC) will be exempt from personal income tax. This tax exemption is set to take effect from January 1, 2025, and will remain in place until December 31, 2029.

Conditions for Tax Exemption

• The 0% tax rate applies exclusively to individual investors trading cryptocurrencies through SEC-licensed platforms.
• Any trading conducted on foreign or unlicensed exchanges will not qualify for this tax exemption.
• Regular income tax rules will continue to apply for gains derived from activities such as mining, staking, and airdrops.

The official publication of this regulation in the Royal Gazette on September 5, 2025, formalizes its enforcement.

Purpose and Reactions

The primary goal of this regulation is to encourage traders to use local regulated exchanges over foreign or unregulated platforms, thereby strengthening Thailand’s financial system and increasing transparency in crypto transactions. The response from officials and investors has been positive, with expectations that the policy will attract both local and international interest in Thailand’s licensed exchanges.

Impact on the Crypto Market

• Thailand’s new tax regulation may lead to increased trading activity on local exchanges.
• The 0% capital gains tax could make compliant crypto trading more appealing to investors.
• The move is expected to draw clearer distinctions between regulated and unregulated trading environments.
• The policy aims to enhance the competitiveness of Thailand’s digital asset sector while ensuring regulatory compliance.
• Investors must maintain accurate records of transactions to benefit from the tax exemption.

Updated: 11/28/2025, 4:29:05 AM