Are crypto taxed in Thailand?
Yes, crypto capital gains are taxed at 15%. Since 2024, foreign income remitted to Thailand is also taxed, regardless of the year of realisation.
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Tax Exile Guide for Crypto: Thailand
Complete step-by-step procedure to transfer your tax residence to Thailand. Crypto tax rate: 15%.
Overview
Crypto tax rate
15%
Crypto-friendly score
★★★☆☆
Cost of living
Low
Banking ease
Moderate
Regulation
Neutral
Preparation time
2-4 months
Step 1: Preparation for Departure
A tax relocation to Thailand requires 2-4 months of preparation. Here are the essential steps before leaving.
1
Check your passport validity (minimum 6 months)
2
Gather all financial documents (bank statements, crypto history)
3
Notify your tax authority of your planned departure
4
Apply for the LTR visa (Long-Term Resident, Thailand)
5
Take out international health insurance
6
Prepare to open a local bank account
Step 2: Exit Tax
Some countries apply an exit tax on unrealised capital gains. Check whether your country of origin is affected.
✅ Good news: Thailand does not apply an exit tax upon entry.
Thailand does not apply an exit tax on cryptocurrencies. Crypto capital gains are taxed at 15% as investment income.
⚠️ Warning: your country of origin may apply an exit tax. Consult a tax adviser.
Step 3: Visa & Residence
Choosing the right visa is essential for your tax relocation to Thailand. Here are the main visa options available.
Visa options for Thailand
- 🛂LTR Visa — Long-Term Resident (10 years)
- 🛂Thailand Elite Visa — Privilege visa
- 🛂Retirement Visa
View the Thailand visa guide on eVisa-Card.com →
Read the detailed guide on eVisa-Card.com: visa types, fees, processing times and procedures for Thailand.
Step 4: Banking & Finance
Opening a bank account in Thailand is a crucial step. Here are the recommended banks and the procedure.
Recommended banks
- 🏦 Bangkok Bank
- 🏦 Kasikornbank
- 🏦 SCB
- 🏦 Krungthai Bank
Required documents
- 📄 Valid passport
- 📄 Copy of visa / residence permit
- 📄 Proof of local address
- 📄 Work permit
Account opening time : 1-2 weeks
Bangkok Bank, Kasikornbank (KBank) and SCB are the main banks. Account opening requires a non-immigrant visa. Thai banks are cautious but accessible with the required documents.
Step 5: Transferring Your Cryptocurrencies
Transferring your crypto assets to Thailand requires compliance with local regulations. Here is the procedure.
Exchanges available in Thailand
BitkubSatang ProZipmex
Regulator : SEC Thailand
Transfer steps
1.
Verify that your exchange is authorised in the destination country
2.
Check Thai SEC compliance
3.
Transfer your crypto to a locally regulated exchange
4.
Keep a complete record of all transfers (dates, amounts, wallets)
The Thai SEC regulates cryptocurrencies. Licensed exchanges include Bitkub and Satang Pro. Crypto capital gains are taxed at 15%. Thailand temporarily exempted VAT on crypto from 2022 to 2023.
Step 6: Settlement & Daily Life
Settling in Thailand: what you need to know for your daily life.
Thailand offers a very low cost of living with a high quality of life. Bangkok is a dynamic, cosmopolitan city. The islands and Chiang Mai are popular with digital nomads. The private healthcare system is excellent and affordable.
Step 7: Tax Compliance in Thailand
Your tax obligations in Thailand after settling.
Filing deadline
31 mars
Forms to complete
PND 90 / PND 91 (Annual Tax Return)
Obligations
✓
Flat tax of 15% on crypto capital gains
✓
Taxation on remittance basis
✓
File an annual tax return
✓
Check the applicable tax treaty
Thailand taxes crypto capital gains at 15% (withholding tax). Foreign-sourced crypto income is only taxed if remitted to Thailand in the same year (rule changed in 2024: all remittances are taxed). The declaration is filed with the Revenue Department.
Estimated monthly cost of living
| Studio/1-bedroom rent | 300-600 EUR/month |
| Family rent (3 bedrooms) | 500-1 200 EUR/month |
| Utilities (water, electricity, internet) | 50-100 EUR/month |
| Food | 200-400 EUR/month |
| Transport | 30-80 EUR/month |
| Health insurance | 80-200 EUR/month |
| Estimated monthly budget | 700 - 2 600 EUR/month |
Pros & Cons
Pros
- ✓Low cost of living
- ✓Digital nomad hub
- ✓Tropical climate
Cons
- ✗Remittance rule
- ✗Banking difficulties
- ✗Visa complexity
Frequently Asked Questions
What visa for living in Thailand?
The Thailand LTR Visa (Long-Term Resident) offers 10 years of residence with a reduced tax rate of 17% for qualified workers. The Retirement Visa (>50 years) and Thailand Elite Visa are alternatives.
Is the Thailand Elite Visa worthwhile?
The Thailand Elite Visa offers 5-20 years of residence without work conditions. The cost is 600,000-2,000,000 THB (15,000-50,000 EUR). It does not automatically confer tax residency.
What is the cost of living in Bangkok?
Bangkok is very affordable: 800-2,500 EUR/month all-inclusive. A furnished apartment costs 400-1,200 EUR/month. Chiang Mai is 30-40% cheaper. Medical care is excellent and inexpensive.
Has the remittance rule changed?
Yes, since 2024 Thailand taxes all remitted foreign income, regardless of the year of realisation. Previously, only income remitted in the same year was taxed.
⚠️ Disclaimer
This guide is provided for informational purposes only and does not constitute tax, legal, or financial advice. Laws and regulations change regularly. Consult a qualified professional before making any decision regarding tax relocation.
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