Thailand has approved a five-year tax exemption on cryptocurrency capital gains from January 1, 2025 to December 31, 2029, applicable to trades made on SEC-licensed exchanges. This measure aims to direct investors toward regulated channels rather than unlicensed or offshore platforms, which remain subject to personal income tax rates reaching up to 35%. Approximately 6.2 million Thai people, representing 9.3% of the population, own cryptocurrency according to TripleA’s 2024 report. This reform follows previous crypto-friendly measures including the removal of 7% VAT on cryptocurrency sales and capping personal income tax at 15% for certain digital token profits.
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