Thailand Introduces 0% Tax on Local Crypto Exchange Gains

Thailand has officially announced a new tax policy that imposes a 0% personal income tax rate on capital gains derived from cryptocurrency transactions—albeit under specific conditions.

Key Takeaways

Thailand implemented a 0% capital gains tax on local cryptocurrency exchanges starting in 2025.
The tax exemption applies only when trades are conducted through SEC-licensed platforms.
The regulation aims to encourage the use of domestic exchanges over foreign ones.
Accurate transaction records are essential for tax compliance.
The exemption lasts until the end of 2029, after which a review may take place.

Crypto

Under Ministerial Regulation No. 399 (MR 399), profits gained from trading cryptocurrencies like Bitcoin through authorized exchanges, brokers, or dealers overseen by the Securities and Exchange Commission of Thailand (SEC) will be tax-exempt for the period from January 1, 2025, to December 31, 2029.

Understanding the 0% Tax Policy

With this new tax regime, individual investors trading cryptocurrencies via SEC-approved platforms will not incur personal income taxes on their gains. This exemption is exclusively for trades conducted on registered local exchanges, brokers, or dealers.

FACT: THAILAND NOW OFFERS 0% CAPITAL GAINS TAX ON #BITCOIN TRADED ON NATIONAL EXCHANGES
GLOBAL GAME THEORY AT WORK ✨ pic.twitter.com/8rf21xJxKT
— The Bitcoin Historian (@pete_rizzo_) November 26, 2025

On the other hand, regular income tax rates will still apply to individuals engaging in foreign or unlicensed exchange transactions. This also includes those generating crypto income through mining, staking, or receiving airdrops.

The introduction of this regulation was formalized in the Royal Gazette on September 5, 2025, making it legally enforceable.

Positive Reactions to the Regulation

The reception of this regulation has been largely positive, both from officials and investors. An official statement clarified that the main objective of this initiative is to encourage current and future traders to utilize local regulated exchanges rather than relying on foreign or unregulated platforms.

BTCUSD Chart
BTCUSD currently trading at $90,594. Chart: TradingView

This move is anticipated to fortify Thailand’s financial system and enhance transparency in cryptocurrency transactions. Analysts predict that this policy could attract interest from both local and international traders towards Thailand's licensed exchanges. The government aims to boost its digital asset sector's competitiveness while ensuring adherence to regulations.

Important Considerations for Investors

For traders to benefit from the 0% tax, all transactions must be conducted through legitimate, licensed channels. Gains made through unapproved platforms do not qualify for the tax exemption.

Maintaining detailed records of purchases and sales—including dates and exchange receipts—is crucial for demonstrating eligibility if required by tax authorities.

This tax exemption is available only until December 31, 2029. After this period, the legislation will be subject to review or potential renewal. Traders with a long-term perspective should consider how this may impact plans beyond 2029.

This change represents a significant message from Bangkok to both local and international crypto enthusiasts. It makes compliant crypto trading less expensive and possibly more appealing, while effectively distinguishing between regulated and unregulated platforms.

Featured image from Unsplash, chart from TradingView