stat

Thx for your post! So is this an "official" document?

But Liverpool Lou said that has never happened in Thailand ... Looking forward to his comment :-)

The law has not been changed the law will just be applied more strictly, so if even under the old application the guy was fully taxed it is obvious that under the new directive you will start paying more. In that regard it is a good indicator.

This is exactly what I was stating the whole time. They will try to tax everything that you remitt and the burden will be on you to prove otherwise. My GUESS is that for pensions it COULD be easy but for all other monies (capital gains, real estate sale etc) it will be very difficult to prove those monies have been taxed already. Just remember that for the health insurance they want a signed copy by tow board members that the health policy is in accordance with a thai cabinet decission. Now you get an idea what kind of documentation they will demand from your home country tax inspector. The IRS at home has no interest in confirming anyting btw

Pls click the link to the thread I supplied which leads you to page 80. When you open the link it is the 2nd post :-)

So is this correct or was it an error? Thanks!

You do remember that they "lost" all data (several million datasets) on the covid pass? Identify theft is a big problem. The problem is not immigration, the problem are the hackers that create scams with your account and passport info etc.

Just click the link and you land right on it :-)

Abother update from the LTR thread: @Misty ..OK another update from the visa guy who talked with the BOI today the Pension visa is only exempt for overseas income taht does not come into Thailand.. For now - who knows what will happen next year...!

Smart people who tell the truth are not fun at parties, but fun to talk to. 🙂

Fully agree! Paying 20K USD in taxes while PH charges nothing is not a good deal.

Utter nightmare! They will never understand a crs report and why you have so much money and spend so little of it... Setting my sails for the Philippines, however not sure if I will like it there.

I am a big fan of low tax taxes! However thai taxes are still way lower then in the rest of the world especially as they "only" tax your remitance.

Swiss law and Thai law however can and will have opposing views about residency and neither country does care what the others view is. For example Germany stipulates 1 day with an abode in GER and you are liable to pay worldwide taxes. Why should anybody other then swiss care for how the swiss determine residency? What is the link with the thai law? There is none sorry.

Happy for you that you think you have a clear idea about taxes in general and especially about the new directive! You are the only one then who knows what will happen and I am happy that Thai RD will not tax your remittance.

You can of course wait till you receive a final notice of how much tax you have to pay in 2025.

There is no worldwide rule... Every country has its own laws. So your focal point of life as a tie breaker is not correct.

They do not have to figure out anyting. They just state everyting you remit is taxable. You have to prove that everything has been taxed. Thai RD will only accept an affidavit signed by the pope and your head of state. Apparently you have never dealt with a tax authority in any country, no offense my friend.

It does not solve the problem how to prove which funds have been taxed and which have not. As an example pls find attached a German Einkommensteuerbescheid. How will Somchai determine which funds have been taxed? Not even a German Wirtschaftsprüfer could tell because there are only cummulated resulted and taxes are not on an account or financial instrument level. Never mind that Somchai does not speak German or has the faintest idea of German tax law. As cyclist has correctly stated it is next to impossible to prove which funds have been taxed. However Thai RD could make some amends like in MY that if you ever had 100K USD in taxed income that would suffice to bring in 100K tax free. Einkommensteuerbescheid_2019.pdf

https://www.thaiexaminer.com/thai-news-foreigners/2023/11/04/tax-change-for-expats-living-in-thailand/

For Mike Lister: Ok you we can agree peanuts in this case but it stretches throughout the thai economy. Claiming one has never seen dual pricing and living in LOS is weird though.

Sir why you post in a thread that you want to be closed?

you must japanese then. EUR is 3.4% at a reputable brokerage over 10K ... But agreed if something in the area of 20K USD no biggie. Just do a quick calculation and then decide.

Do not forget that you lose interest while your money does not earn income in TH instaead of 5% in USD funds