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Mutual Funds are a difficult beast... How are dividends taxed on Fund Level etc... , Ter, spreads etc

I just read that apparently cap gains from trading in Thai stocks on thai stock exchange are tax exempt according to Mazars: https://www.mazars.co.th/Home/Insights/Doing-Business-in-Thailand/Tax/Thailand-Tax-Foreign-Income-Taxable-from-2024 can someone confirm this?

Is there any way to get interest on Baht or USD deposit in TH? (pls no crypto talk) As far as i understand if I invest with a thai broker my cap gains are again taxable in Thailand so not a viable option. Currently you get around 4.6% on USD deposits so you would lose out on this interest while parking money in Thailand. Agreed better then paying 20% taxes but still..

The western union way is no real solution as you are still technically "remitting" money to Thailand. I assume you will have to declare money before landing (in future) and if you dont and get cought you have a big problem.

Making a lot of friends here in 14 posts huh?

Thanks for the info on Thailand. Not the case in other countries but maybe Thailand is different. Do they have people who speak English? In Germany sometimes they even refuse to read an english account statement and the english level here is usually pretty high.

They dont need to, they could just tax all your remittances. But "up to you" Somchai will say if you can come up with all the paperwork that Somchai needs???? BTW in Germany there is also an easy way for a tax declaration: If you do not provide sufficient material for a tax declaration or none at all the taxman will make an estimation and you can guess in which direction the estimate will go. Same COULD happen in Thailand.

They dont need to as you have to present your passport when you exhange money in a bank or with superrich etc. You could exchange at home and lose like 3% on the exchange rate though. I would not carry more then 10K euro/USD any way.

You are the living proof of the dunning krueger effect. After admitting that you do not know much about DTAs and how they are handled and what documentation is needed you claim you have it all figured out that your pension will be excluded under the DTA.

I am only giving advice to unfriendly people that pay for my services. ????

It was not a loophole it was the law. Good for you that you think you have understood your DTA... BTW you number of posts is displayed directly under you name now that is sad.

Have you ever seen a brokerage account statement with 5000 option and future trades? In my home country there are probably 1000 people that know how to tax them. Have you ever send in proof that your pension was qualified for exemption of an DTA fully notarized with an apostile etc? They COULD make this hell if they want to. Of course if your income is not high you will not have too many problems. Our only hope besides this whole directive not beeing applied is that they accept your declaration without further proof (with or without tea money).

Income not transmitted in the same year was tax free so no dodging was needed or possible . 7 posts in this forum no understanding of DTAs but calling out tax dodgers, amazing. However nice forum name!????

Tax is anything but simple...

I did not intent to offend you my apologies! With how many foreigners does he deal per year? I deal with tax authoritires on a regulard basis and I have to explain to department heads in those big city authorities in the west how to apply the law. Somchai the tax inspector from a 18.000 population village maybe a nice and honorable man but he does not know how to handle this stuff as we all are missing the relevant information plus he maybe deals with 10 farangs and has never heard about DTAs before. He is bound by the directions BKK gives him (or maybe he is not, but I assume he is). However thanks for giving information about what this guy had to say about his interpretation.

CRS data is aggregated data and cannot be matched with remitted money. Example trading 1000x10000 USD (Profit and loss is not part of CRS) shows as 10 Million USD revenue in CRS data. No way to guess how much was remitted or much is profit etc.

O&G ? Always thought I was the only one who was a Thailand resident because of some favorable rules. ???? Everyone I know thinks I go to Thailand for the girls , ladyboys etc if only they knew ????

Friendly does not equate to competent.... Fully agree with newnative. My guess would be any other tax office then Pattaya or Bangkok is in the dark.

I assume you went to a small tax office in the sticks? They will not have a clue about anything. Another thing is however if they can make up their rules in your place and you have to follow them.

Because some members make 1 Mio USD per year in income and that COULD amount to over 250.000 USD in taxes per year if remitted or if another order changes the order to all income instead of just remitted income. And please do not answer with "you are still left with 750K per year". People who earn that much earn that much very often because they care about every penny.

Sure as hell yes... and then repeat

Tax is supposed to pay for the 10K digital wallet. Dream on that any of this money will pe put in the infrastructure. Reminds me of german politicians that want more tax all the time for digitalisation and then demand that you send everything in written and signed paper. Being German I know exactly what socialism is about as Germay had 2! socialist societies in the last 100 years and both did not work out well. Thanks to our US brothers who liberated Germany and then protected Germany from GDR and communist russia on their tax dollars, talking of a freeride there it is.

Again wrong. The law is the same, just the interpretation changed. Even that happened several times in a country like Germany where a court decision changed the interpretation of tax laws. Here it is even simpler as most people will have transmitted monies they have made as income in the same year and therefore have been taxable even under the old rule.

CRS does not include transactional data. It entails sums of monies in accounts like max account balance,current account balance and interest received etc. It does NOT include how much you spend in Thailand vs how much you spend elsewhere. However Visa Thailand COULD be made to deliver the data (unlikely in the next years).

Then live in those countries in the west and pay the tax and stop promoting socialism in other countries. Enough countries in the world that have IMHO a better approach to taxation then the european countries.