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210
Revenue Department to amend tax on foreign income remittance
No disrespect intended but I'm assuming you are not into crypto going by what you said above. Or maybe you are a newbee? Cool, let me try and clear things up for you. Firstly crypto is borderless, it is neither in Thailand or any other jurisdiction, it is in cyberspace on a blockchain. Nowhere and everywhere at the same time if you will. You are looking at it from a national fiat currency perspective which it most certainly isn't. It is still very early days regarding this announcement but on face value it is very good news indeed for crypto holders. I'm assuming the whole idea of this change is to encourage crypto people and their wealth to move to Thailand, Dubai style if you wish. Therefore if the tokens were originally acquired outside of Thailand, but the holder is now living in Thailand [or wishes to move here due to this favorable change] and they then transfers their self custody tokens to a Thailand SEC approved exchange for cashing out into Baht, this will be more than welcome and probably the very reason behind the move in the first place. Even if this is now exempt from tax on the actual sale event, the Baht when spent locally will help their revenue targets indirectly [VAT] Regarding your other comment about 'Was already on a Thai exchange' this is also incorrect. People who fully understand crypto do not leave coins on an exchange but rather they self custody. So in other words it is irrelevant if you had tokens already sitting in a Thai exchange or not, that's not how it works. For example, I have only ever used approved Thai exchanges since 2018 and I have left zero coins on the exchange and self custody as you should. This is actually the whole point of crypto, you retain control of your own wealth, no 3rd party liability, permissionless. In addition to saying that I have never sold a single Satoshi and only accumulated and held, because I was actually half hoping half expecting something like this to happen. It makes perfect sense for Thailand to do this, if there doesn't turn out to be some catch in the small print. Personally speaking I think the powers that be are going to be very happy with how this works out, I also have a feeling the results could prove to be so beneficial to Thailands economy over the next 5 years that there is a very good chance they may decide not to kill this policy come December 2029. I don't intend to get into a debate with no-coiners but Bitcoin is going to $1m per coin and more, it is now just a matter of when, not if. Global adoption and acceptance is here, whether some still resist that idea or now. -
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Community Heartbreaking Story of Schoolgirl Living Alone After Mother’s Death & Father’s Imprisonment
Hooray for the teachers who stepped up and saw something amiss. So often here, we only see the headlines of teachers abusing the children. Sounds to me like the child is pretty bright. To have been surviving on her own, may she continue toward a path of future success. Shame on you goofs who relate her to the sex industry, pull your heads out of the gutter. -
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Report Irish Woman Jailed in Norway for Cannabis Smuggling from Thailand
She get lucky to get jail time in Norway.And when served 2/3 of her time she can leave the prison and go back home.- 1
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Report Dutch Expat Arrested in Phuket for Alleged Fraud in Crime Crackdown
Goodbye scumbag.U don't have to report to immigration every 90 days anymore. -
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THAILAND LIVE Thailand Live Thursday 19 June 2025
Bhumjaithai Party Quits Thai Coalition, Slams PM Paetongtarn Over Cambodia Call Picture courtesy of Thai Rath BANGKOK – The Bhumjaithai Party announced its withdrawal from the Thai government coalition, criticising Prime Minister Paetongtarn Shinawatra for damaging national honour through a phone call with Cambodia's Hun Sen. Full story: https://aseannow.com/topic/1364081-bhumjaithai-party-quits-thai-coalition-slams-pm-paetongtarn-over-cambodia-call/ -
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Politics Bhumjaithai Party Quits Thai Coalition, Slams PM Paetongtarn Over Cambodia Call
Picture courtesy of Thai Rath BANGKOK – The Bhumjaithai Party announced its withdrawal from the Thai government coalition, criticising Prime Minister Paetongtarn Shinawatra for damaging national honour through a phone call with Cambodia's Hun Sen. On 18th June 2025, Bhumjaithai Party declared its decision to exit the coalition, effective from 19th June, following controversies surrounding a phone conversation between Prime Minister Paetongtarn Shinawatra and Cambodia's Senate President, Hun Sen. The party claims the discussion negatively impacted Thailand’s sovereignty and territorial interests. In response, all Bhumjaithai ministers have submitted resignation letters to the Prime Minister, affirming their resignation as of 19th June 2025. The party has called upon Prime Minister Paetongtarn to take responsibility for the perceived national disgrace affecting Thailand’s honour, dignity, and military. The Bhumjaithai Party has pledged to support the Thai military and officials in upholding the sovereignty, territory, and interests of Thailand with full dedication. Adapted by ASEAN Now from Thai Rath 2025-06-19
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