On June 17, the Thai government approved in principle a tax exemption to promote the country as a Global Digital Asset Hub.
Move to Tax Exemptions
Deputy Finance Minister Mr. Julapun Amornvivat announced measures aimed at increasing investment and stimulating economic activity. He stated, 'This tax adjustment will enhance the growth of Thailand’s digital asset market, related businesses, and token-based fundraising.'
New Changes for Traders
In a note shared with leading exchange Bitkub, the cabinet approved the exemption of personal income tax on capital gains from digital asset sales effective from January 2025 through December 2029. Previously, there was a 15% withholding tax on profits from crypto asset sales. The Thai Revenue Department is also developing a Crypto-Asset Reporting Framework (CARF) to enhance transaction transparency.
Regulations in Neighboring Countries
Meanwhile, neighbors like Vietnam are preparing to implement new regulations for digital assets. On June 14, the National Assembly of Vietnam approved the Law on Digital Technology Industry, bringing crypto assets under regulatory oversight. This legislation, effective January 2026, will support broader digital innovation nationwide.
It is clear that Thailand is working to create appealing conditions for investments in digital assets, which may lead to the development of this sector of the economy. Similarly, Vietnam is gearing up for active regulation and growth of its digital asset market.
