#FOMCMeeting Thailand Exempts Crypto Profits from Tax for 5 Years

The Thai government has just approved a new tax policy aimed at making the country a global digital asset hub.

Accordingly, profits from the sale of crypto will be exempt from personal income tax when transacted through licensed industry businesses such as crypto exchanges, brokers and retailers.

This policy will be effective from January 1, 2025 to December 31, 2029. The goal is to promote capital mobilization through digital tokens and strongly develop the crypto market in Thailand.