Conno

Beat you to this weeks search, did you miss this little beauty. https://www.thaiexaminer.com/thai-news-foreigners/2025/08/16/huge-economic-change-as-reverse-tax-plan-is-being-pushed-by-the-pheu-thai-government-as-it-battles-on/

Yip if it is repeated enough we all start questioning ourselves, this is where your critical thinking skills come in handy. Is it any wonder Covid turned out the way it did.

Just as the 2023/2024 changes impacted everyone, both Thai and Expat, so will this change once gazetted. https://www.chiangraitimes.com/finance/tax-on-foreign-income/

Cue AN comments starting to worry about a 180 on the 180 5555 Ps. Bought any BTC yet ha ha ha It's on sale at the moment. 6% discount.

Guys Guys Guys chill. What's wrong with you lot. This applies to all tax residents not just Thai's, there are no distinctions between nationalities FFS. It's almost as if your average AN expat is into BDSM. The rule changes in 2023 hit all tax residents including expats, this change will too. The 2029 date is related to the 5 year crypto CGT exemption, a completely different ruling. The OP BP article has just been badly translated that's all. The legislative process takes time so the very fact the latest news is an almost carbon copy of the May story on the same topic is very good news indeed. It's still very much alive and incoming. Naturally we need to see it gazetted first but considering the current state of Thailand's finances I for one believe this is as close to a done deal as you can get. Maybe this article can help calm those posters with fraught nerves. https://www.chiangraitimes.com/finance/tax-on-foreign-income/

Imagine if your crispy crepe was wrapped in paper with the image of some crusty old blokes testicular cancer ultrasound scan.

My take on all of this is that it is a clear indication that the old debt based legacy fiat money system is increasingly in trouble. It's what all the taxes and banking restrictions we are seeing these days are about. They are going to try print their way out and create even more inflation, devaluing your hard earned time and energy savings. It is either that or default and we all know, no politician is going to allow that on his/her watch. Not financial advice, but I for one am making sure I hold precious metals and more crucially Bitcoin. The writing is on the wall, take it or leave it.

Sort of related and first I have heard of this. Tucked away inside the Big Beautiful Bill apparently. U.S. Remittance Tax: What to Know Before Sending Money Abroad https://1040abroad.com/blog/u-s-remittance-tax-what-to-know-before-sending-money-abroad/

Opened a Coinbase account around 2015 after reading something online as I though it sounded interesting considering I became a Goldbug after the 2008 financial crisis. Didn't have a clue what I was doing and bought next to nothing. Duh!!! I can remember they were restricting fiat deposits to something like $20 a month or something incredibly low on the account I had at least, if my memory serves me correctly? Could be wrong on that. Decided in 2017 to close the account as I didn't use it. Customers services contacted me advising that I move my balance to self custody. Once again didn't have a clue what that meant so told them it was all too complicated so keep it and have a beer on me. Double Duh!!! 2018 got talking to an Ozzie bloke I used to play online games with. Can't recall what he said exactly but I do recall a lightbulb went off in my head. Opened a now defunct BX account and the rest is history as they say. I watched a really interesting podcast a while back when some bloke was talking about the stages most Bitcoiners go through, it was so accurate. Went something along the lines of. 1. Heard about it but not interested and don't understand it. Bloody Ponzi scheme for crooks. 2. Intrigued so decide to look into it a little more and maybe have a dabble. 3. Start to become more interested. 4. Become mega interested, but only due to focusing on 'number go up'. 5. Bitcoin Maxi stage. Price has nothing to do with anything, that's just a side effect. This is a revolution. $1m BTC side effect incoming.

Certainly it's a big if.....this is the land of the BIG IF after all, but lets face it we know what the biggest motivator is here. From the lowest of the low to the highest of the HiSo..... money. Maybe I'm just wishful thinking but I do strongly believe this will pass and be gazetted into law. The original news when it first came out earlier this year was accompanied with an admission that the changes that were implemented 1st Jan 2024 had resulted in a sharp drop in overseas remittances entering the country [5555 ya reckon!] I very much doubt that has changed and I imagine is even worse now, what with all the bank account chaos we are witnessing. I for one am holding back overseas remittances until I see what this particular Big If turns into. I imagine I'm not the only one. I don't have a crystal ball and totally agree the logic here seems to be of a different variety than what we are used to, but knowing Thais and money I think the chances for the Jan 2024 changes to be reversed are pretty good. We'll see.

Wonder how they are going to handle this, ban it too? The marketing states spend your crypto anywhere in the world ADA BTC SOL USDC USDT and earn rewards? You are going to have modify your approach Thailand or get left behind. Up To You as they say. No stopping this tsunami. https://cardanocard.io/

The last news article I read was in early June, unfortunately I can't find the link again sorry. It stated that the proposal was still in the draft stage after which it would then proceed through Thailand's multi step legislative framework which can take several months. The new law related to remittances from overseas is anticipated to be completed before the end of 2025. I put the general question to AI too and just about received the same answer. Thailand's new law process involves a multi-step legislative framework aimed at ensuring thorough examination and discussion of proposed legislation. The process typically begins with proposals from the Senate, the House of Representatives, or the Cabinet. Legal professionals then prepare draft legislation, which is evaluated by committees with relevant jurisdictions. After preliminary discussions in the House of Representatives, the legislation undergoes further scrutiny and debate before it is put to a vote. If passed, it proceeds to the Senate and eventually to the King for royal assent, making it official law. Recent legislative activities in Thailand include the drafting of new laws such as revisions to tax collection on foreign income remitted to Thailand, new rules for health insurance co-payment effective March 20, 2025, and a new co-payment rule for health insurance set to take effect on March 20, 2025.

Not a chance, its a joke. It's exactly what Tony Yazbeck describes in his presentation. It's the old legacy system trying to remain relevant with a new money technology they cant control. This sandbox initiative isn't the Bitcoin way so it won't work. They are hoping the ignorant will remain ignorant but for those who are into Bitcoin for reasons other than price alone, won't fall for it.

Jack Mallers speech on the perspective of the younger generation. As I said I'm not going to get involved in a protracted debate trying to convince you, not my job. Convincing yourself is probably the greater priority.