Crypto Transfers in Thailand Now VAT Exempt: What You Need to Know (2025 Update)
Great news for crypto enthusiasts in Thailand! The government in Thailand has formally introduced a value-added tax exemption for the transfer of cryptos and other digital tokens via government-approved platforms. This significant development aims to solidify Thailand's position as a leading digital asset hub in the region.
Thailand VAT Royal Decree (No 788): Key Changes
The Thai ministry has relaxed tax regulations by suspending the requirement to remit a 7% VAT on profits generated from cryptocurrency and digital token trading. This move comes as a direct result of the On, Thailand VAT Royal Decree (No 788) was gazetted, prescribing exemption from VAT for transfers of cryptocurrency and digital utility tokens. By easing tax rules, the ministry has suspended the requirement to pay 7% VAT on income derived from cryptocurrency and digital token trading. This VAT exemption is a game-changer for crypto adoption in the country.
Updated VAT Exemption Rules for 2025
Thailand introduces updated VAT exemption rules for cryptocurrency and digital token transfers in 2025. Learn how the Royal Decree No. 778 impacts crypto transactions. Transfers of crypto assets or “digital investment tokens” to third parties have been exempt from VAT in Thailand since May 2025. Additionally, the VAT exemption applies, making trading and transferring digital assets within the Thai ecosystem more attractive.
Thailand's Vision for a Digital Asset Hub
Aiming to develop Thailand to be the region's digital asset hub, the ministry has eased tax rules by suspending the requirement to pay 7% VAT on income derived from crypto. This strategic decision reflects the government's commitment to fostering innovation and attracting investment in the digital asset space.
In Summary: No More 7% VAT on Crypto Transfers!
The key takeaway is this: The requirement to pay 7% VAT on income derived from cryptocurrency and digital token trading has been suspended. If you're involved in crypto transfers in Thailand, this VAT exemption significantly reduces your tax burden. Stay informed about the latest regulations and take advantage of these new opportunities!