Recent content by Curveball

@Fred So let's say I set up a company and business bank account using your service. Just wanted to clarify a couple things: 1. If all I have is crypto to work with, how would I be able to get the funds into my business bank account in order to pay myself a salary? Presumably I would have to use...

@Fred Can you shed light on how friendly the banks in Dubai are towards direct crypto transactions. Specifically, what I mean is, suppose you set up a personal bank account for the sole purpose of crypto trading. And let's say you were moving in large sums of money direct to your personal bank...

@CaptK Thanks for the info. Are you, by any chance, able to recommend some countries with crypto friendly banking systems? I've seen certain names mentioned here and there, but thought I'd ask for your direct opinion on this.

@Marser I just wanted to clarify your proposal as it is an interesting one. Please correct me if I have misunderstood you. Background info: According to the Revenue Department, those who reside in TH for less than 180 days are not classed as "tax residents" and are therefore exempt from paying...

I am based in Thailand, so I've been using a Thai exchange as a fiat onramp, but have been conducting the bulk of my trades on foreign exchanges. In terms of "tax events", I have not withdrawn any profits to fiat yet; however, I have been conducting back and forth trades with various cryptos...

Thanks for your insights. So suppose I cash out to a foreign bank, wait more than one year, then transfer the funds to my Thai bank account. Technically, would the funds still be classed as "income" and, therefore, subject to income taxes?

Apologies for the inadequate info. Basically, I'm a dual citizen (TH/AUS) permanently based in TH. I haven't cashed out of crypto yet, but intend to do so some time this year, so would like advice on possible options to avoid being hit with the 35% income tax.

Hi guys, As I understand it, Thailand does not have a separate capital gains tax. Instead, crypto profits are classified as income and therefore subject to the country's progressive income tax system (the top tax bracket is 35% for annual income above 5 million baht). Enforcement is lax so...