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5 Year Crypto Tax Holiday Announced.

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

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17 minutes ago, cheesepotato said:

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

Why is that ? I am not a native English speaker, but I did not learn anything new (If I am not wrong)...

Case 1 : You bring 1 BTC bought oversea at 30,000 USD (no stacking/no yield..) on a Thai registered exchange.

You sell it on Binance TH at 65,000 USD (roughly 2M Thb). Capital gain is 35K (we need to be just about the exchange rate here, let's say actual rate so, roughly 1.1M Thb) . You declare 1.1M Thb gain and no tax on it. Where is the scam here ? Just don't forget to declare it.

Case 2 : you loose, (bought at 100K /Sold at 65K on Thai exchange) you declare nothing ...


Case 3 : you bring your crypto to a Thai exchange, and don't sell it . You declare nothing.

Right ? Wrong. Let's be clear.

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?

On 2/13/2026 at 2:55 PM, khunphil said:

Why is that ? I am not a native English speaker, but I did not learn anything new (If I am not wrong)...

Case 1 : You bring 1 BTC bought oversea at 30,000 USD (no stacking/no yield..) on a Thai registered exchange.

You sell it on Binance TH at 65,000 USD (roughly 2M Thb). Capital gain is 35K (we need to be just about the exchange rate here, let's say actual rate so, roughly 1.1M Thb) . You declare 1.1M Thb gain and no tax on it. Where is the scam here ? Just don't forget to declare it.

Case 2 : you loose, (bought at 100K /Sold at 65K on Thai exchange) you declare nothing ...


Case 3 : you bring your crypto to a Thai exchange, and don't sell it . You declare nothing.

Right ? Wrong. Let's be clear.

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)

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.

18 hours ago, Hiane said:

If this lawyer's interpretation is correct...

Yes ...if ... ;-)

9 hours ago, cheesepotato said:

We would need someone to go to their office and report their crypto gain

That's the worst idea ever, but feel free to do so.

On 2/12/2026 at 10:59 AM, yozah said:

No. It doesn't say that. What it says is that the tax free crypto thailand was huge trap/scam.

Can you expand on that ?

Has anyone used LLMs to datamine where things are clearly on crypto and tax for expats importing crypto.

I'd use 3 LLMs to datamine in isolation and cross-verify things on each other.

13 hours ago, Yumthai said:

That's the worst idea ever, but feel free to do so.

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?

2 hours ago, freedomnow said:

Can you expand on that ?

Has anyone used LLMs to datamine where things are clearly on crypto and tax for expats importing crypto.

I'd use 3 LLMs to datamine in isolation and cross-verify things on each other.

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

  • Author

My take after consulting with my tax accountant last year are quite simple.

  • You bought crypto prior to 2024 or from 2024 on any Thai exchange - No tax now if transacted on authorised Thai exchange

  • You bought crypto from 2024 overseas & transacted now on authorised Thai exchange - no tax on capital gain, potential tax liability on value of, and source of funds (same rules as bringing money to Thailand).

  • You transact on unapproved exchange - full tax liability if exchange was thai or on bringing funds to Thailand after overseas transaction.

It's all about the source of funds. The same rules about source of funds apply as if you were bringing cash into the country.

5 hours ago, freedomnow said:

Can you expand on that ?

Has anyone used LLMs to datamine where things are clearly on crypto and tax for expats importing crypto.

I'd use 3 LLMs to datamine in isolation and cross-verify things on each other.

LLMs say that any capital gains realised by selling on thai exchange is exempt. This is the obvious reading of the 399 and how it was sold to the world. Now the expat tax dude says some insane weird <deleted> that basically turns the announcement into some pointless niche exemption.

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