Q1: Who is eligible for the tax exemption?
- The exemption applies to individuals who buy or sell digital assets through platforms licensed by the Thai SEC. They will be exempt from personal income tax (Capital Gains) during the period 2025–2029.
Q2: When does this measure take effect?
- From January 1, 2025, to December 31, 2029.
Q3: Are VAT or withholding taxes also exempted?
- VAT is waived for trading digital assets through licensed exchanges or brokers, and the 15% withholding tax is also exempted if the sale is made through an authorized platform.
Q4: Will I be taxed if I trade on unlicensed platforms?
- Yes, you will be fully taxed, similar to regular capital gains.
Q5: Are earnings from staking, airdrops, or mining exempted?
- No, currently the measure only covers Capital Gains from trading.
Q6: Can I offset losses against gains?
- Yes, similar to regular investments, trading losses can be used to offset gains within the same tax year.
Q7: Do I still need to file a tax return?
- Yes, even if no income tax is owed, you still need to file a return to report your investment results.
Q8: What if the platform already deducted withholding tax?
- Investors can claim a tax credit for the amount withheld by filing their tax return.