The Thai government has announced several tax measures aimed at supporting digital assets and creating a favorable environment for investors. These changes will take effect on January 1, 2025.
Tax Measures to Stimulate the Market
Deputy Finance Minister Chulaphan Amornvivat announced that the Cabinet has approved tax measures proposed by the Ministry of Finance to promote Thailand as a Digital Asset Hub. Amornvivat stated: "The government is committed to advancing the nation's digital economy."
Expected Outcomes and New Tools
The primary aim of the new policy is to attract foreign investment, expand Thailand’s crypto market, and boost domestic consumption. Authorities expect the initiative to generate at least 1 billion baht in additional tax revenue over the medium term. Alongside personal income tax exemptions, the government is also considering the introduction of new taxation tools, including Value-Added Tax (VAT).
Thailand's Role in the Blockchain Industry
Thailand remains one of the earliest adopters of comprehensive digital asset regulations in Asia, combining proactive regulatory oversight with tax policy innovations to support the growth of blockchain-based finance and investment.
Thus, the new tax measures in Thailand are aimed at strengthening the country's position as a hub for digital assets, creating opportunities for market expansion and investment attraction.
