How crypto tax works in Thailand
Ministerial Regulation 399 exempts personal capital gains on crypto traded through SEC-licensed Thai platforms from 2025 through 2029, aligning digital gains with listed-securities treatment.
Off-platform, foreign, mining, salary, and DeFi income stays in progressive personal tax up to 35%, with 15% withholding on gains and no credit-or-refund mechanics for excluded investment-token yields.
Royal Decree 788 exempts VAT on licensed crypto and token transfers from January 2024 indefinitely, while SEC licensing, AML, and custody rules frame every compliant trade.
Tax rates at a glance
- Investor gains
- 0% - 35%
- Licensed-platform gains
- 0%
- Off-platform gains
- Up to 35%
- Withholding tax
- 15%
- VAT on transfers
- Exempt
- Mining income
- Taxable
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
Licensed-platform tradersLong-term holdersExpatsFoundersMiners
Watch out for
- Venue is everything: the same profitable trade is 0% on a licensed Thai platform and fully taxable offshore or peer-to-peer, so routing decides the bill.
- The 2029 sunset is fixed in the regulation, which makes late-window realisations a cliff-edge decision rather than an assumption of renewal.
- Mining, salaries, staking outside licensed scope, and foreign-source treatment each sit outside the exemption and need separate analysis.
- SEC licensing, custody, and AML standards condition access, so unlicensed convenience carries both tax and regulatory cost.
Frequently asked questions
Is crypto tax-free in Thailand?
Only licensed-platform capital gains from 2025 to 2029 under Ministerial Regulation 399. Off-platform gains face progressive rates to 35%, and mining or salary income stays taxable.
Does VAT apply to crypto in Thailand?
No. Royal Decree 788 exempts VAT on licensed crypto and token transfers from January 2024 indefinitely.
What happens after 2029?
The exemption expires December 31, 2029 under current law. Later disposals revert to standard progressive treatment unless new legislation extends the window.