New rules announced by the Finance Ministry offer a temporary reprieve from income tax on profits earned through digital asset trading. This tax break, lasting five years, is now officially in effect after being documented in the official government publication, the Royal Gazette.
The directive, identified as ministerial regulation number 399, appeared in the Royal Gazette this past Friday, September 5th. The approval signature on the document belongs to Julapun Amornvivat, the former deputy finance minister, and dates back to August 27th.
This regulation is a result of the authority granted by Article 4 within the national tax laws (Revenue Code). It modifies the existing Finance Ministry regulation, specifically number 126, which outlines various types of income that are not subject to income tax.