Hiane

If this lawyer's interpretation is correct, bringing a BTC from an offshore exchange to a Thai exchange and selling it immediately will not exempt anything. This looks like a simplified presentation of an interpretation we saw earlier in this thread, the idea is that if you buy a BTC for 30k and bring it in Thailand when it's worth 65k, you have remitted 35k baht into Thailand, and you are taxable on that. [EDIT : your cost basis of 30k may also be taxable as income remitted into Thailand]. I'm not a lawyer but it sounds unfair to me, yes you remitted 35k but it is still capital gain from crypto, and you realized this capital gain in Thailand, so... (it was also stated that if you had bought your bitcoin before January 1st 2024, the capital gain accumulated before this date would still be exempted as "remitting income from before 2024". Basically your base price would be around $40k instead of the $1 you actually paid in 2011)

So <removed> is real after all

Do you wish you listened those who recommended to hold since $10, or were you already calling them lemmings buying into a ponzi? ^^

Weird, wouldn't filling no tax return be more suspicious ? (assuming you have a TIN already)

Maybe I wasn't specific enough, I'm talking about offshore money that hasn't been taxed. As I understand, until the end of this year I can remit it into Thailand tax-free, and starting January 1st 2024 this won't be the case anymore ?

Long story short : if I plan to stay in Thailand indefinitely, any money I earned in 2022 or before, I should bring it into Thailand before the end of the year. Correct ?

My youngest kid was born in Thailand, and currently only has a foreign passport without any visa or any stamp. As far as I know this is the normal situation, but she will need to take an international flight soon so I would like to make 100% sure there isn't some paperwork that needs to be done before.