Thailand to Introduce 0% Tax on Bitcoin Gains Traded on Local Exchanges

Ex-Thai Prime Minister Proposes to Position Thailand As a Global Crypto Hub

The post Thailand to Introduce 0% Tax on Bitcoin Gains Traded on Local Exchanges appeared first on Coinpedia Fintech News

Thailand has introduced a 0% capital gains tax on Bitcoin and other cryptocurrencies traded on national exchanges licensed by the Thai Securities and Exchange Commission (SEC). 

This move aims to attract foreign investment and help Thailand become a central hub for digital assets. 

Key Details of Thailand’s 0% Tax on Bitcoin Gains

Thailand’s new rule removes personal income tax on capital gains from Bitcoin and other digital tokens, but only when trading happens on licensed exchanges, brokers, or dealers approved by the Thai SEC. 

This means profit made on unlicensed platforms or overseas platforms does not get this benefit and may still be taxed.

In addition to it, crypto-related income, such as mining rewards, staking, remains taxable under standard rules.

For Bitcoin investors, the exemption makes Bitcoin trading cheaper and more attractive in Thailand. It also puts digital assets on the same tax level as traditional stocks, which could bring more local and foreign traders into the country’s regulated crypto market.

Thailand Goes All-In on Crypto

Earlier this year, Thailand introduced a five-year tax break for crypto, letting people keep their profits from January 1, 2025, to December 31, 2029. 

Now, with the new zero-tax rule on Bitcoin exchanges, the country is sending a clear message, it wants to be a crypto-friendly hub.

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With neighbors like Singapore, Hong Kong, Japan, and South Korea also competing for crypto investment, Thailand’s bold moves could give it a strong edge in attracting traders and businesses.

Thailand’s Growing Crypto Ecosystem

The government says this policy is part of a strategy to boost Thailand’s local digital economy by attracting global crypto businesses and encouraging safe, trusted trading at home.

On top of it, Thailand has also been working to bring Bitcoin into its financial system, following the approval of its first spot Bitcoin ETF in 2024. 

The new tax rule is expected to draw more global crypto investors and boost innovation. Experts say it could increase trading activity, attract foreign investment, and help establish Thailand as a leading digital-asset hub in Southeast Asia.

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FAQs

Is Bitcoin trading tax-free in Thailand?

Yes, capital gains from trading Bitcoin on licensed Thai exchanges are now 0% tax. However, profits from unlicensed or overseas platforms may still be taxed.

What crypto activities are still taxable in Thailand?

Crypto-related income like mining rewards and staking rewards remain fully taxable under Thailand’s standard personal income tax rules.

Why is Thailand removing tax on Bitcoin gains?

Thailand aims to become a leading digital asset hub by attracting foreign investment and encouraging traders to use its regulated, secure local crypto exchanges.

Until when is the crypto tax break in Thailand?

The specific capital gains tax exemption for trading on licensed exchanges is effective from January 1, 2025, through December 31, 2029.

Source: https://coinpedia.org/news/thailand-to-introduce-0-tax-on-bitcoin-gains-traded-on-local-exchanges/