Thailand Approves Five Year Bitcoin And Crypto Tax Break
Thailand will exempt capital gains tax on crypto profits made through licensed platforms from 2025 to 2029, with a goal to attract global investment and support the country’s digital economy.
As I mentioned on another forum, Hmm, they’re saying it only applies to “approved” exchanges , so probably just Thai crypto exchanges.
Anyway, capital gains were already tax-free when using foreign crypto exchanges. It’s only if you remit the capital gains to Thailand (and if you’re a tax resident that year) that it could be taxed. As Thailand is a territorial tax country.
But if they also approve the new tax exemption for remitted income (locally) in year N and N+1, that would solve the issue anyway.
I have been hoping this administration would cut or even eliminate capgains taxes.
I should be careful what I wish for. 😵💫
Funny, but I'm sure most of the people in this thread are still sitting on massive capital gains. For me personally, the difference between paying capital gains taxes on $100K Bitcoin or selling tax free at $80K isn't all that much of a difference... Just putting things in perspective.
With such huge gains this year I think it was obvious we'd see a correction as people liquidate to pay their tax obligations. Trump seemed to magnify that by using this time to implement his tariffs. Almost like they wanted the price to fall... Like they were planning a buy in the near future or something...
What I have a hard time understanding about all those who made huge capital gains — let’s say high 7 digits, but more realistically 8 digits — is this:
Why stay a tax resident in a country that taxes your capital gains? (Especially when, let’s be honest, you should’ve left well before this cycle.)
And for the unlucky U.S. citizens: why haven’t you renounced your passport after securing a second (and ideally a third one), instead of keeping that Uncle Sam noose around your neck?
Well lets say back in 2012 when coins dropped to 7 bucks after the first 1/2ing that I purchased 200 coins for 1400 and held them all.
If I left the USA last year right after trump won AND CASHED in those coins on Jan 20 for 20million I would be obliged to pay usa taxes via claw back laws.
To avoid the taxes I would need to move to a non capital gain country and hold for a while not a few months.
Maybe at least 3 to 5 years.
or just cash while in the states and pay the 5 million on the 20 million more like 6.5 million as New Jersey would get me to.
Are there any specific rules or laws, as a U.S. citizen, requiring you to maintain your new residency for at least 3–5 years after changing it, specifically regarding capital gains?
If not, most countries without capital gains tax or with a territorial tax system do not require such a period. You can generally take your profits the following year after relocating.
I have been hoping this administration would cut or even eliminate capgains taxes.
I should be careful what I wish for. 😵💫
Funny, but I'm sure most of the people in this thread are still sitting on massive capital gains. For me personally, the difference between paying capital gains taxes on $100K Bitcoin or selling tax free at $80K isn't all that much of a difference... Just putting things in perspective.
With such huge gains this year I think it was obvious we'd see a correction as people liquidate to pay their tax obligations. Trump seemed to magnify that by using this time to implement his tariffs. Almost like they wanted the price to fall... Like they were planning a buy in the near future or something...
To avoid the taxes I would need to move to a non capital gain country and hold for a while not a few months.
Maybe at least 3 to 5 years.
Are there any specific rules or laws, as a U.S. citizen, requiring you to maintain your new residency for at least 3–5 years after changing it, specifically regarding capital gains?
If not, most countries without capital gains tax or with a territorial tax system do not require such a period. You can generally take your profits the following year after relocating.
I have been hoping this administration would cut or even eliminate capgains taxes.
I should be careful what I wish for. 😵💫
Funny, but I'm sure most of the people in this thread are still sitting on massive capital gains. For me personally, the difference between paying capital gains taxes on $100K Bitcoin or selling tax free at $80K isn't all that much of a difference... Just putting things in perspective.
With such huge gains this year I think it was obvious we'd see a correction as people liquidate to pay their tax obligations. Trump seemed to magnify that by using this time to implement his tariffs. Almost like they wanted the price to fall... Like they were planning a buy in the near future or something...
What I have a hard time understanding about all those who made huge capital gains — let’s say high 7 digits, but more realistically 8 digits — is this:
Why stay a tax resident in a country that taxes your capital gains? (Especially when, let’s be honest, you should’ve left well before this cycle.)
And for the unlucky U.S. citizens: why haven’t you renounced your passport after securing a second (and ideally a third one), instead of keeping that Uncle Sam noose around your neck?
In short...some people are like trees: they have roots. Additionally, when you are tilting toward later years the idea of playing a playboy in Dubai does not really resonate. Finally, US long term cap gains tax is a "tolerable" 23.8% max with the first $96.5K (for 2025) of no tax for a married filing jointly.
There are way more options than the UAE — even though it can still be a solid Plan A, B, or C, depending on what you want and your lifestyle.
I have been hoping this administration would cut or even eliminate capgains taxes.
I should be careful what I wish for. 😵💫
Funny, but I'm sure most of the people in this thread are still sitting on massive capital gains. For me personally, the difference between paying capital gains taxes on $100K Bitcoin or selling tax free at $80K isn't all that much of a difference... Just putting things in perspective.
With such huge gains this year I think it was obvious we'd see a correction as people liquidate to pay their tax obligations. Trump seemed to magnify that by using this time to implement his tariffs. Almost like they wanted the price to fall... Like they were planning a buy in the near future or something...
What I have a hard time understanding about all those who made huge capital gains — let’s say high 7 digits, but more realistically 8 digits — is this:
Why stay a tax resident in a country that taxes your capital gains? (Especially when, let’s be honest, you should’ve left well before this cycle.)
And for the unlucky U.S. citizens: why haven’t you renounced your passport after securing a second (and ideally a third one), instead of keeping that Uncle Sam noose around your neck?
BTC is shaking today, just like my guest bathroom in Bangkok (sad day)..
nice tile hoping your losses where just what we see.
I saw that many are trapped under a collapse of a building.
Guest bathroom looks like this, two doors broken, many cracks on the walls and the false ceiling... Could have been worse, but it was extremely scary.
I was taking a shower (in the other bathroom) on the 39th floor when everything started shaking like crazy... For a minute, I really thought it was my last day.
Please let this correction be eaten back up soon 🙏🏻
Yes OK, but the main difference with 2017, and to a more nuanced extent in 2021, is that we had HUGE multiples before these corrections... No "ants" uptrend. We simply have (until proven otherwise in the future) diminishing returns while maintaining the same percentage drops
you are so very negative.
hopefully you are wrong.
I am not negative, and I really hope I will be wrong on it. But for now the facts are there.
Please let this correction be eaten back up soon 🙏🏻
Yes OK, but the main difference with 2017, and to a more nuanced extent in 2021, is that we had HUGE multiples before these corrections... No "ants" uptrend. We simply have (until proven otherwise in the future) diminishing returns while maintaining the same percentage drops
OT: I started DCAing into MARA...it's cost of production is 28K/btc and they hold large amounts of bitcoin as well. I expect this stock to be "explosive" in any decent bitcoin run, outperforming bitcoin itself. Mainly, a trading vehicle for me, though, to complement btc.
Interesting.
Looking at the chart, MARA shares were trading around $0.40 during the COVID flash crash and peaked in November 2021 (along with BTC) at $76, representing an almost 180x increase. In comparison, BTC went from $3K to $69K (23x). This means MARA outperformed BTC by nearly 8 times over that period.
We are currently near the bottom of the 52-week chart, making it a potentially strong risk-reward play to complement BTC holdings.
I dont really know but i has been always very spectical about the ""hackers"" from North Korea i mean for sure they exist but i dont think they are that good like some press and people from the internet wants us to believe.
They have ton of hours are goverment support yes, but they still very poor in formation and in other specials tools. And another thing more of this kind of things are not ""hacker"" is more like a well design social enginering and poor employers.
I don't care about NK, but Lazarus is one of the most skilled hacker groups in the world. So don't underestimate them, IMO
I dont really know but i has been always very spectical about the ""hackers"" from North Korea i mean for sure they exist but i dont think they are that good like some press and people from the internet wants us to believe.
They have ton of hours are goverment support yes, but they still very poor in formation and in other specials tools. And another thing more of this kind of things are not ""hacker"" is more like a well design social enginering and poor employers.
I don't care about NK, but Lazarus is one of the most skilled hacker groups in the world. So don't underestimate them, IMO.