cheesepotato

the problem is not the availability of text law it's the lack of precision of the text i used llm many times for this research and the result ends up depending of the intention i'm expressing (do i want to pay the tax or not) there is not just one unique way to intepret those laws unfortunately

i will very likely next year you seem to suggest to not report the gains which i'm sure would work with small amounts what if you cash out at least 3m baht to buy a little condo or something - can you still stay under the radar without declaring?

It's actually tax report season in Thailand now. We would need someone to go to their office and report their crypto gain from 2025 in the exemption part to see what they say about it and report to us. I'm very likely going to do it next year.

Just to clarify, there is an implication that most crypto traders trade on chain or on dex. Doing many rotations etc... What people who saw the government announcement about tax exemption want and usually understood was that cashing out crypto in Thailand was tax free if you use thai exchange, which is attractive for many people. Especially for western countries citizens where tax and crypto regulation are becoming crazy. If the interpretation of that lawyer is correct, only people who exclusively trade on thai exchange can benefit from that. That's an extremely restricted and probably small demographic that would be targeted by that law. I would even argue that if someone trade crypto exclusively on cex, there is a high probability that person is not very good at trading crypto overall therefore not profitable and can not benefit from that law. Which reduces the demographic potentially targeted in a way. Anyway i have another question now. What happens if you pay a lawyer for specific advice on this matter to interpret the law and it turns out he is wrong in the end. Is there a way to protect yourself from that?

If this lawyer interpretation is correct, the tax exempt announcement from last year was indeed a huge scam. I would be so disappointed.

buying the michael saylor liquidation candle is my dream

Did anyone go through that process of selling with that tax exemption yet? I wonder how it would work for people who trade on chain swaping many memecoins and so on before sending to bitkub for a cashout. My guess is that it's going to be 0% tax but i would love a confirmation from someone who did it already. I also messaged the tax service in Thailand to see if they can come up with a clear answer.