Thailand has exempted cryptocurrency from profit tax! 🇹🇭💰
The country's Cabinet has approved tax incentives for transactions with digital assets. From January 1, 2025, to December 31, 2029, individuals will not pay profit tax on operations conducted through licensed operators approved by Thailand's SEC.
According to Deputy Finance Minister Julapun Amornvivat, the aim of these measures is to support innovation and the development of the cryptocurrency market.
📌 Main points:
✅Tax incentive is valid for 5 years
✅Tax exemption is only through licensed platforms
✅The measure aims to grow the crypto economy