Thailand's Ministry of Finance has announced a five-year capital gains tax exemption for cryptocurrency transactions conducted through authorized platforms, The Block reported on Tuesday.
The tax exemption will be in effect from January 1, 2025, to December 31, 2029.
Deputy Finance Minister Julapun Amornvivat said the measure aims to position Thailand as a leading hub for digital assets and follows the country's early adoption of comprehensive cryptocurrency regulations.
The policy requires all transactions to be conducted through SEC-regulated platforms that comply with FATF anti-money laundering standards.
The ministry estimates this tax incentive will generate at least 1 billion baht ($30.7 million) in economic growth and additional tax revenue in the medium term.