Thailand Suspends Capital Gains Tax on Crypto Until 2029

• Thailand will suspend personal income capital gains tax on crypto asset sales through licensed exchanges for five years.
• Only platforms licensed by the Thai Securities and Exchange Commission are eligible for the tax exemption.
• The government plans to enable crypto-linked tourism spending and introduce G-Tokens.

Thailand has announced a suspension of personal income capital gains tax on digital asset sales conducted through licensed platforms from January 1, 2025, to December 31, 2029.

The move is designed to boost the country’s digital economy and reinforce its position as a growing hub for crypto innovation.

Thailand’s Tax Breaks

The tax exemption is part of a broader effort to promote crypto trading under the oversight of the Thai Securities and Exchange Commission (SEC).

On June 17, Deputy Finance Minister Julapun Amornvivat stated that exchanges licensed and regulated by the Thai SEC will be eligible for the exemption.

The measure also aims to align Thailand’s crypto industry with international standards, such as those recommended by the Financial Action Task Force (FATF).

“This adjustment of tax collection on digital assets will help the Thai digital asset market, including the digital asset business and related businesses in Thailand, to grow more,” Amornvivat said in a translated statement.

He added that the move would support fundraising through digital tokens and encourage greater utilization of technology and innovation across the country.

Crypto for Fundraising

Thailand, one of the first countries to implement digital asset regulations, has been exploring crypto as a tool for economic fundraising.

In his statement, Amornvivat estimated that crypto assets could contribute to the economy and increase tax revenue by “no less than 1 billion baht,” or roughly $30 million.

On May 26, Deputy Prime Minister and Finance Minister Pichai Chunhavajira confirmed that the government is accelerating plans to integrate crypto into the national economy.

The first step involves enabling tourists to link their digital assets to credit cards for spending across Thailand.

“In some foreign countries, it’s already possible to use crypto for purchases by linking it to credit cards,” Chunhavajira noted, reported by The Nation. 

“When something is bought, the vendor receives payment in local currency as normal, often not even realising the buyer used crypto.”

“This approach can be immediately adapted for Thailand, provided the supporting systems are in place, but it will not involve our domestic currency,” he added.

Thailand’s Crypto Push

Beyond tourism, Chunhavajira said the importance of clarifying regulations around digital assets to foster innovation throughout Thailand.

The government is also promoting the issuance of “G-Tokens,” which would allow retail investors to purchase government bonds in fractional amounts, up to six decimal places.

These bonds are expected to offer better returns than traditional bank deposits, he said.

Chunhavajira added that G-Token issuance could enhance the global reputation of Thailand’s government bonds.

SEC Secretary-General Pornanong Budsaratragoon emphasized the token’s investment-focused nature, stating:

“We want to ensure that the G-Token serves as a useful, technology-driven investment innovation — not merely a speculative tool.

“It must offer proper investment options, exit strategies, and investor protection,” the Secretary added.