Tax on Selling Gold in Thailand

Gains on gold an individual bought without a trade or profit motive are exempt from personal income tax under section 42(9) of the Revenue Code, which covers movable property. If you buy and sell gold as a business, the profit is taxed as income at progressive rates up to 35%.

Facts checked 30 October 2026 · Not financial, legal or tax advice

At a glance

What you sell	How the gain is taxed	Notes
Gold bars and jewellery held as savings	Exempt under section 42(9).	Gold bars of at least 96.5% purity are VAT-exempt; jewellery carries 7% VAT on the workmanship charge only.
Gold savings apps (occasional sales)	Exempt as a personal asset sale.
Gold bought and sold in trade or for profit	Taxed as business income (section 40(8)) at 0–35%.	Frequency, volume, holding period and intent all count.
Silver	Same income-tax rule.	The VAT exemption is for gold bars.

How gold gains are taxed

Section 42(9) exempts income from the sale of movable property acquired by inheritance or acquired "not in a commercial or profitable manner". Gold kept as savings or as personal jewellery falls under this.
If the Revenue Department finds you bought and sold in trade or for profit, the income is business income under section 40(8). You can deduct actual expenses or a flat-rate deduction, and the net income is taxed at 0–35%.
VAT: gold bars of at least 96.5% purity are exempt; jewellery carries 7% VAT on the workmanship charge, not the gold content. Shops don't charge VAT when they buy gold back from you.
A tax on online gold trading, proposed in late 2025 to slow the baht's rise, was postponed in January 2026 and put on hold in August 2026. An import tax on gold was under study in September 2026 with no decision. Neither affects selling physical gold.

Reporting

Exempt gains don't need to be reported.
Business income from gold trading goes on the annual personal income tax return (P.N.D. 90) by the end of March.

Losses

There's no capital-loss relief for individuals.
A trader deducts costs from sales proceeds (actual or flat-rate expenses) in the same year.

The Revenue Code wording is official, but how it applies to gold comes from secondary summaries and tax Q&A sites rather than a Revenue Department ruling. Whether you're trading depends on the facts.

Tax on selling gold in other countries: United States · Canada · Mexico · Brazil · United Kingdom · Ireland · Germany · France · Italy · Switzerland · Turkey · UAE · Saudi Arabia · Kuwait · Qatar · Egypt · South Africa · India · Pakistan · Bangladesh · Sri Lanka · Nepal · Singapore · Malaysia · Hong Kong · Vietnam · Indonesia · Philippines · Japan · South Korea · Australia · New Zealand · all countries

Tax on Selling Gold in Thailand: FAQ

Do I pay tax on selling gold in Thailand?

Usually not. Gains on gold you didn't buy to trade or make a profit are exempt under section 42(9) of the Revenue Code. Frequent buying and selling for profit can be taxed as business income at up to 35%.

Is there VAT on gold in Thailand?

Gold bars of at least 96.5% purity are VAT-exempt. Gold jewellery carries 7% VAT only on the workmanship charge.

Is Thailand introducing a tax on gold trading?

A tax on online gold trading was proposed in late 2025 but was postponed and, as of August 2026, put on hold. It was not aimed at buying or selling physical gold.

Sources (5)

General information about the rules for individual investors, checked October 2026. Tax depends on your circumstances and residence; check with the tax authority or an adviser. Not tax advice.