In Thailand, cryptocurrencies are legally classified as "digital assets" under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). The sector is regulated, with the Securities and Exchange Commission (SEC) overseeing licensed exchanges, brokers, and dealers. However, it is important to note that crypto payments for goods and services are currently banned. The primary authority responsible for governing crypto taxation is the Revenue Department under the Ministry of Finance. For individual investors, crypto income and capital gains generally fall under Thailand's progressive personal income tax rates, ranging from 0% to 35%. However, a significant temporary exemption is in place: gains from selling or exchanging cryptocurrencies on SEC-licensed platforms between January 1, 2025, and December 31, 2029, are currently exempt from tax. Outside this specific exemption, capital gains are taxed at the standard progressive rates. There is no distinction made between short-term and long-term crypto holdings for tax purposes. Value Added Tax (VAT) on transfers made through licensed platforms has been permanently exempted since 2024, though other crypto services may still incur a 7% VAT. Activities such as staking, mining, and Decentralized Finance (DeFi) yields (including lending and derivatives) are generally considered ordinary income and are subject to the 0-35% progressive personal income tax, with no specific exemptions for these activities. Non-Fungible Tokens (NFTs) are also taxable as capital gains or income, unless traded via a licensed platform during the 2025-2029 exemption period. Both crypto-to-fiat and crypto-to-crypto transactions are taxable events, but they benefit from the same 0% exemption if conducted on an SEC-licensed platform during the 2025-2029 tax holiday. Investors should note that the favorable 0% tax exemption for capital gains on licensed platforms is temporary. It is set to conclude on December 31, 2029, at which point, unless further reforms or extensions are announced, standard progressive personal income tax rates would once again apply to such gains.
Tax Rates
| Effective individual rate | 0 |
| Capital gains tax | 0% (2025-2029 on SEC-licensed platforms), 0-35% standard rate outside exemption |
| Income tax on crypto | 0-35% progressive personal income tax on crypto income |
| Corporate tax | 20% |
| VAT | Exempt on licensed platform transfers since 2024, 7% may apply other services |
Activity Taxes
| Staking | Taxable as ordinary income at receipt, no exemption |
| Mining | Taxable as business income, hardware and electricity costs deductible |
| DeFi | Taxable as income on yields, lending and derivatives not exempt |
| NFTs | Taxable as capital gains or income, exempt if via licensed platform 2025-2029 |
Taxable Events
| Crypto → Fiat | Exempt if on SEC-licensed platform 2025-2029, otherwise taxable as income |
| Crypto → Crypto | Exempt if on SEC-licensed platform 2025-2029, otherwise taxable as income |
Holding Period
| Holding period benefit | No benefit, exemption is platform-based and time-limited, not duration-based |
Sources