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Do you have any chance of NOT remitting your pension and using other monies?

At least you should mention which country you are from and if your government taxes your pension at home.

You explicitly stated that nothing would change in 2024, I am glad that you now understand that this is not true.

The US is the odd man out there as it taxes citizens and green card holders no matter where they live without even 1 day in the US.

Thanks for you post and yes that may be correct. However if you claim you lost your passport and have not been in Thailand for 183 days they will have no problem to prove to you how long you have stayed in Thailand. All I am saying is they (RD and immigration) can prove if need be how long you have been in TH no matter what you claim. The main reason is that they love paper and paper is the easiest to handle for them.

180 or 183 days it is you can look it up. Laws are in the open plus you can google personal income tax thailand and you will get a detailed tax guides from the big 4. Only 179 days in TH should work to be free of TH income tax.

They do not need copies of pages of your passport. They have an IT system that shows when you entered and when you left.

Why would you write in a forum regarding tax law when you are not planning or are in fact a tax resident of said country? Again my post only applies when you are a tax resident of Thailand. My apologies if that was not clear in my orginal post.

He cannot and will not admit that he in the wrong I bet :-)

You answered your own question ;-) If you earned it in 2023 and can prove it it, it SHOULD be no problem, but no one knows 100% for sure. I was stating earned in 2024 and remitted in 2024 ;- Godspeed!

The bank knows if it is earnings because they see for how much the asset was aquired. However this is not reported in CRS/FATCA. In CRS/FATCA ONLY gross sales are reported. If you bought Apple for 10000USD and sell it for 10.000USD the fatca line will read 10000USD received. Additional caveat every tax agency in the world computes earnings differently, there is no worldwide standard. (FIFO method, changes in currency, is paid interest deductible, wash sales allowed how are futures evaluated etc...)

Correct I was assuming that you will be a tax resident in 2024 and then would have to pay on remittances for the whole year!

Dead wrong in the case of earnings in 2024 and remitted in 2024. In addition no one knows how and if to prove that their earnings have been from before 2024. In addition no one is 100% sure that earnings pre 2024 are not taxed when remitted.

There will be no withholding tax deducted in the coming months as a change like this will take years to implement on bank IT Level, not to mention Thai RD would need to confirm that Joe Sixpack is now a thai tax resident at excat the moment he has spend 180 days in Thailand.

30% tax on dividends is the normal rate yes, but most countries have a DTA with the US (Germany, Thailand etc... ) and so the tax rate ist 15% on dividends and no tax on cap gains.

Nonsense, sorry mate. That is just the deadline for the tax calendar year. Starting 1 Jan 2024 you are liable to pay tax on your remittance without any substantial guidance on how profit of this remitance will be calculated (Lifo or Fifo for example etc). I know TiT but this time there are 6-7 digit USD taxes on the horizon for some people.

The directive is already "active". Usually law or directives are defined and explained before coming into effect. I also suspect thai RD may just look at your lifestyle and demand proof of how those monies came to Thailand to pay for your rental condo etc...

So this is the end of the year and no substantial clarification from RD as most of us suspected. Happy new year to all of you!

Maybe yes maybe no, make sure you are prepared and aware if the s... hits the fan and they tax every satang you have send into Thailand maybe not very likely but then again you could lose a lot. Godspeed!

In the case that you meant the Thai bank will deduct a certain when you transmit money to Thailand that would be difficult to implement as in the first year you are not a tax resident of Thailand. In addition they do not know your tax bracket. Of course they could charge you 35% right away but then they could close TH right away for all expats. So all in all highly unlikely especially in 2024 as IT changes like this one take years and there has been no mentioning of a law like this. They are already taxing interest from a thai bank with a withholding tax that is what I guessed happened to you in India as well.

They will and cannot hit you at the source of the bank if your bank is not in Thailand. Not even the mighty IRS of the USA managed to deduct at source a capital gain of a share that arises anywhere in the world (Switzerland, Germany, Canada etc).

It is also my understanding that Indonesia has the right to tax your worldwide income. However I do not know if they follow through. I read an article in the economist some years ago that in Indonesia no one was paying any taxes on their offshore income but that was about to change thanks to the fact that CRS will deliver all the data and tax evasion was no longer possible. That is why I never considered Indonesia as a tax heaven and expat destination if taxes play any part in your consideration. Pls correct me if I am wrong, alsways happy to learn if there is a way to live tax free (within the law) in Indonesia.

Even if they do there is still a way to not pay taxes. You only have to live 1 year with 179 days in 2 countries each and some days in a 3rd country. In this year you realize your capital gains. Then the next year you can transfer tax free to Thailand. Of cours only works if you have cap gains, more difficult with pension, rental income etc.

Just ignore the cyclist. CRS is all about each country identifying their OWN tax residents. It is not about forcing other countries to tax their residents. Example: Germany does not care if a German national that is a only thai tax resident pays any tax in Thailand or how much. The only exception are the US guys as the IRS taxes you even if you have never lived in the US.

In theory, yes they could get that info, especially if in 2033 they decide to check all old tax filings, but not very likely. But then you refer to the 150K Baht that were gifted to you right?