Is Staking Rewards Taxable in Thailand 2025? Your Complete Guide

Introduction: Navigating Crypto Taxes in Thailand

As cryptocurrency adoption accelerates in Thailand, staking has emerged as a popular way to earn passive income. But with the Revenue Department tightening crypto regulations, one critical question looms: Is staking rewards taxable in Thailand 2025? This comprehensive guide breaks down Thailand’s evolving tax landscape, helping you stay compliant while maximizing your crypto earnings.

What Are Staking Rewards?

Staking involves locking your cryptocurrency holdings to support blockchain operations (like validating transactions) in exchange for rewards. Unlike mining, it doesn’t require specialized hardware. Common examples include:

• Ethereum 2.0 staking
• Cardano (ADA) delegation
• Solana (SOL) validation rewards
• Tezos (XTZ) baking

Rewards are typically distributed in the same cryptocurrency you’ve staked, creating new tokens that didn’t previously exist.

Thailand’s Tax Framework for Cryptocurrency (2025 Update)

Thailand’s Revenue Department classifies cryptocurrency as a digital asset, subject to specific tax rules:

• Capital Gains Tax: 15% on profits from trading (effective since 2022)
• Withholding Tax: 15% on crypto transactions exceeding ฿1.8 million/year
• Income Tax: Applies to earnings classified as “assessable income”

In 2024, the government clarified that staking rewards constitute taxable income, a stance expected to continue through 2025.

Are Staking Rewards Taxable in Thailand 2025?

Yes. According to Directive No. Paw 113/2566 (2023) and subsequent updates:

• Staking rewards are treated as miscellaneous income under Section 40(8) of Thailand’s Revenue Code
• Tax applies when rewards are received or convertible to fiat currency
• Tax rate aligns with Thailand’s progressive income tax brackets (5%-35%)

Example: If you earn 100,000 THB in staking rewards and fall in the 20% tax bracket, you’ll owe 20,000 THB in taxes.

How to Report Staking Rewards on Thai Tax Returns

Follow these steps for compliance:

1. Track all rewards received monthly using exchange records or wallet statements
2. Convert rewards to THB using Bank of Thailand exchange rates at time of receipt
3. Report total annual rewards under “Other Income” in your PND 90/91 form
4. File by March 31, 2026, for the 2025 tax year

Note: Platforms like Bitkub and Zipmex issue tax documents (BIO form) for Thai-based staking.

4 Essential Tax-Saving Strategies for Stakers

1. Offset Losses: Deduct capital losses from token sales against staking income
2. Long-Term Holding: Hold staked assets over a year for potential lower tax rates
3. Deduction Maximization: Claim allowable deductions (retirement funds, insurance)
4. Regulated Platforms: Use Thai SEC-licensed exchanges for clearer tax reporting

Future Regulatory Changes to Monitor

While 2025 rules appear stable, watch for:

• Potential tax exemptions for small-scale stakers (under ฿100,000/year)
• Revised definitions of “digital asset income” under the Digital Asset Act
• THB-denominated stablecoin staking treatments

Frequently Asked Questions (FAQ)

1. Do I pay tax if I reinvest staking rewards?

Yes. Taxation occurs upon receipt, regardless of whether you sell or reinvest.

2. Are foreign platform staking rewards taxable?

Yes. Thai residents must declare worldwide income, including overseas crypto earnings.

3. How are rewards valued if paid in non-THB tokens?

Convert to THB using the Bank of Thailand’s exchange rate on the day of receipt.

4. What penalties apply for non-compliance?

Up to 200% of owed taxes plus 1.5% monthly interest. Criminal charges may apply for severe evasion.

5. Can I deduct staking expenses?

Currently, no. Transaction fees and hardware costs aren’t deductible against staking income.

Conclusion: Stay Informed and Compliant

With Thailand’s crypto tax framework maturing, stakers must treat rewards as taxable income in 2025. By maintaining meticulous records and consulting a Thai tax specialist, you can navigate regulations confidently. Always verify updates through the Revenue Department’s official portal, as interpretations may evolve with market developments.