KuCoin Thailand
Log In
language_currency
Home
Blog
News and Updates
Details
img

Update on the Digital Asset Tax Situation in Thailand

2025/11/14 09:45:02

Custom

Thailand has progressively developed concepts and methods for taxing digital assets.

In the early stages of developing the legal framework for regulating and structuring the digital asset economy, the government aimed to create fairness between taxation on income from traditional business and investment activities and taxation on income derived from trading and investing in digital assets.

However, in recent years, Thailand has adopted the idea of promoting the growth of the digital economy as a key driver—or a new economic engine—of the country. Consequently, the approach to taxation in the digital world has shifted.

This article presents information and the tax structure situation for digital assets in Thailand in 2025 as follows:

In Thailand, those who have income or receive any other benefit from holding and transferring digital assets are required to include it as assessable income under Section 40 (4) of the Revenue Code, as amended by the Emergency Decree (No. 19), B.E. 2561 (2018), effective from May 14, 2018. In plain language, Thai tax law requires us to pay tax if we have income from:

  1. Dividends, interest, revenue sharing, or other benefits from holding digital assets.

  2. Profit in excess of capital from selling digital assets, also known as a capital gain.

Furthermore, if we receive income, whether from (1) or (2), but it is received in the form of digital assets or currencies other than the Thai baht, we have the duty to "mark to market" or compare the value of that benefit in baht at the date the benefit is received. For example, if dividends are received in USDT, the taxpayer must calculate the exchange rate between USDT and the baht at the date the dividend is received. The exchange rate may be taken from any digital asset exchange service provider or as an average exchange rate among all providers.

In addition to personal and corporate income tax, transactions that require the transfer of digital assets between parties for buying, selling, or exchanging may require the parties involved to remit value-added tax (VAT) at the rate of 7% of the value of the digital assets transferred. This is because, in Thailand, the law does not recognize the status of digital assets of any type as money or as a medium of payment equivalent to money, but only as property under Section 138 of the Civil and Commercial Code. Therefore, such activities are considered subject to value-added tax.

Although the principles of tax law are clear as analyzed above, the government in recent times has recognized the need to intervene and set specific tax rules for economic activities related to digital assets, in line with market practices, tax collection feasibility, and to encourage people to invest through state-licensed service providers. Additional tax measures have therefore been introduced, including three main points:

  1. Exemption from income tax on capital gains from the sale of digital assets in an amount equal to the capital loss from the sale of digital assets in the same tax year. This exemption has been in effect since May 14, 2022. However, this exemption applies only to trades conducted on a digital asset exchange licensed under the Digital Asset Business Law.

  2. Exemption from VAT for the transfer of cryptocurrency or digital tokens performed on a digital asset exchange under the Digital Asset Business Law. This exemption is granted by royal decree and applies only for a limited period, and the measure must be continually renewed. In addition, there is an exemption from VAT for the transfer of digital currency issued by the Bank of Thailand (currently, the Bank of Thailand has not yet issued a Central Bank Digital Currency, or CBDC, for general use, only for limited testing in a sandbox environment).

  3. Exemption of benefits received from the transfer of digital assets conducted through exchanges and brokers licensed under the Digital Asset Business Law (capital gain). This is a continuation of point (1) and applies to assessable income for tax years 2025 to 2029, or a total of five tax years.

For this reason, it can be seen that major economic activities occurring in the digital asset world are granted tax exemptions, whether from capital gains tax or value-added tax on investments made through intermediaries licensed under the law. This will play a significant role in encouraging increased investment and trading of digital assets through such intermediaries in the future.

 ⚠️ Disclaimer: Cryptocurrency and digital token involve high risks; investors may lose all investment money and should study information carefully and make investments according to their own risk profile.

KuCoin Thailand 

(Operated by ERX Company Limited)

Email: happy@kucoin.th

📲 Download the KuCoin Thailand app today!
 👉 Click here to download Available now on both the Thailand App Store and Play Store.