5 Year Crypto Tax Holiday Announced.

[JBChiangRai]

According to Carl Turner, Thailand has just announced a personal income tax holiday on crypto gains, running for full calendar years 2025 to 2029 inclusive, trades must be made on licensed Thai platforms like BitKub.

 

This could be great news for expats, but full details are still pending. If you're trading crypto or planning to, it’s worth waiting for more details.

 

https://carlturnerfinancial.us21.list-manage.com/track/click?u=1a9328816f0433771ec5541e5&id=2756f8b914&e=8e91aa8b2a

[ukrules]

Proposed change not yet enacted. Just like the proposed change to the same and subsequent year remittance rules.

 

Mere proposals at this stage.

They make a lot of announcements about these proposals, many never see the light of day.

[JBChiangRai]

5 minutes ago, ukrules said:

Proposed change not yet enacted. Just like the proposed change to the same and subsequent year remittance rules.

 

Mere proposals at this stage.

They make a lot of announcements about these proposals, many never see the light of day.

 

I'm not sure that is correct, I read that it is already approved by the cabinet, it's not a proposal, it's happened.

 

BitKub are already saying it's fact in their newsletter.

[ukrules]

27 minutes ago, JBChiangRai said:

 

I'm not sure that is correct, I read that it is already approved by the cabinet, it's not a proposal, it's happened.

 

BitKub are already saying it's fact in their newsletter.

 

Has it been published in the Royal Gazette is the question, I believe it's a Ministerial Regulation so would be subject to a lot less scrutiny than a royal decree - therefore it's easier to get done.

 

But it still needs publishing, because if anything prevents that from happening than nothing changes.

Await confirmation

 

Also - if you can't read the text of the law or regulation then it doesn't exist in its final form yet regardless of what some exchanges might say.

 

[Conno]

Totally agree fellas, lets wait and see. Makes total logical sense though and it shows at least someone is looking ahead with clarity and vision. If Thailand can actually get this rubber stamped and for once make the rules as clear as day [Yea I know] they could potentially do a Dubai.....they need to do something as they are clearly losing the edge they once had. Do this right and it could change everything. 

 

Bitcoin is here to stay and it is heartening to know that some people in authority actually recognise this. I for one won't be doing anything until we know what's what 100%.