Crypto Taxation in Thailand: A Complete Guide

Cryptocurrency is growing fast in Thailand, with lots of people using Bitcoin and Ethereum for quick deals and savings. In 2024, over 20% of Thais had crypto, one of the top rates globally, pushing the government to make tax rules clear. Knowing these taxes keeps people out of trouble. The Thai Revenue Department (RD) handles crypto taxes, seeing it as a taxable item. With tougher rules in 2025, understanding taxes helps keep crypto use legal.

Tax Authorities & Regulations 

The Thai Revenue Department (RD) runs crypto taxes in Thailand, with help from the Ministry of Finance. The Securities and Exchange Commission (SEC) and Bank of Thailand (BOT) also shape the rules. In 2018, the Royal Decree on Digital Asset Businesses calls crypto “digital assets,” not money, updated in 2022. In 2025, this means taxes hit profits and earnings. The RD enforces these laws to collect taxes on crypto gains, with 2025 updates making reporting clearer. Together, these groups keep Thailand’s crypto tax system sharp and fair to the current global regulation.

Types of Crypto Taxes in Thailand

• Capital Gains Tax (CGT): Charged when people sell crypto for profit, counted as income.
• Income Tax: Applies to earnings from mining, staking, airdrops, or crypto payments, taxed as regular income.
• Value-Added Tax (VAT): Exempt for trades on SEC-approved exchanges since 2022, continuing into 2025.
• Other Taxes: No wealth or inheritance tax targets crypto yet, though future rules might emerge.

Tax Rates & Brackets

• Capital gains from crypto sales are taxed as personal income, from 0% to 35% based on yearly earnings.
• Businesses face a 20% corporate income tax on crypto profits.
• Income tax on crypto earnings ranges from 0% for under ฿150,000 yearly to 35% over ฿5 million.
• VAT exemption on SEC-approved trades saves 7%, a key benefit in 2025.
• Investment token profits avoid income tax if a 15% withholding tax is paid, a rule from 2024 still active.

Crypto Transactions & Tax Treatment

• Buying and Selling Crypto: Buying with baht is tax-free; selling for profit is taxed as income up to 35%.
• Crypto Mining and Staking: Rewards are taxed as income based on their baht value when received.
• Crypto as Salary or Payment: Taxed as regular income upon receipt.
• Crypto-to-Crypto Trades: Taxed as income if profitable, per RD’s 2022 guidance.
• DeFi, Lending, and Yield Farming: Earnings are taxable income.
• NFT Transactions: Sales profits face income tax if above the tax-free limit.

Crypto Tax Reporting & Compliance

In Thailand, people must report crypto earnings on their personal income tax return (PND 90 for individuals, PND 50 for businesses), due by March 31 each year, or April 8 online. They use exchange records like Bitkub’s, logging dates, amounts, and baht values, keeping them for five years. The RD enforces this with fines from ฿2,000 to ฿200,000 for late or missed filings, plus 1.5% monthly interest on unpaid taxes. Big evaders could face jail time.

Tax Deductions & Exemptions 

In 2025, the Thai Revenue Department (RD) tracks crypto trades using blockchain tools and SEC data. The 19 platforms, like Bitkub, report trades over ฿1.8 million with KYC. Global CRS data catches overseas deals. Tax evaders face fines from ฿2,000 to ฿200,000, plus 1.5% monthly interest. Big or repeat offenders could face jail, with global help spotting cross-border moves. Peer-to-peer trades sometimes slip through, but advanced tech and international cooperation make dodging taxes harder. Staying compliant is crucial to avoid swift penalties in Thailand’s rising crypto market.

Enforcement & Penalties for Non-Compliance 

In 2025, the Thai Revenue Department (RD) uses blockchain and SEC data to track crypto trades. The 19 platforms, like Bitkub, report deals over ฿1.8 million with KYC. Global CRS data spots overseas moves. Evaders get fines of ฿2,000 to ฿200,000, plus 1.5% monthly interest. Big offenders risk jail, aided by international help. Peer-to-peer trades slip by sometimes, but better tech makes evasion tough. Compliance avoids quick penalties in Thailand’s crypto boom.

Future of Crypto Taxation in Thailand

Crypto taxes in Thailand could change after 2025. The RD might tighten rules, taxing all swaps or raising rates, following global patterns. The government supports crypto growth, possibly adding tax perks for blockchain startups if jobs increase. The VAT exemption might stick past 2025, keeping Thailand attractive for crypto. With blockchain trials planned, the RD aims to tax firmly while encouraging use, likely adjusting rules to balance both goals.

Conclusion

In 2025, Thailand’s crypto taxes mean up to 35% on profits and income tax on earnings, watched closely by the RD. The population should log trades and file by March 31 to avoid fines or jail. With stricter rules ahead, staying legal prevents problems. A tax expert can simplify things, guiding people to handle crypto wisely. As digital coins grow popular, sticking to these rules lets Thais enjoy crypto without facing legal woes.

FAQs

1. How do Thais report crypto profits?

People file crypto earnings on PND 90 or PND 50 by March 31, or April 8 online, listing trades with dates, amounts, and baht values from platforms like Bitkub.

2. What happens if someone skips crypto taxes?

The RD fines evaders ฿2,000 to ฿200,000, adds 1.5% monthly interest, and could jail repeat offenders.

3. Are small crypto gains tax-free?

Earnings under ฿150,000 yearly avoid income tax, but no special break exists for small crypto profits, all sales face tax if above that.

4. Why does the RD track crypto with the SEC?

The RD uses SEC exchange data and KYC to monitor trades, ensuring tax collection as 19 platforms report deals over ฿1.8 million.

5. Can Thais cut taxes with crypto losses?

Losses from SEC-approved trades offset same-year crypto gains, reducing taxable income, but not other income, with limited relief.