Thai Cabinet Approves Tax Incentive to Promote Digital Assets

Thai cabinet approved a waiver on personal income tax on profits from the sale of digital assets over five years, a move aligned with the government’s plan to promote Thailand as a global financial hub.

• The capital gain tax exemption will be for the sale of digital assets made through operators regulated by the Securities and Exchange Commission during the period from January 1, 2025, to December 31, 2029, Deputy Finance Minister Julapun Amornvivat says in a statement on Tuesday
• Objective is to invigorate the cryptocurrency market in Thailand, attract foreign investments to stimulate domestic consumption and increase tax revenue ...