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If you mean Falang always pays a "big" fine for not wearing a motorcycle helmet then yeah this law will be the same.

Thanks! The big question is if the income theshold is 60K Baht is for asseasable income or total income. What this shows is that they could always make it look like tax evasion.

You wrote: "If your foreign bank doesn't know you live in Thailand they won't send information to Thailand through CRS. They will send information to Thailand only if they have reason to believe you may be a Thai tax resident. " So there is your recommendation. You clearly imply that you actually live in TH in your example and do not want that your CRS information is send to TH. Pls read your post again. Regarding your theory it is just that, no one knows what they will make of it or whom they are targeting. They made up a directive without thinking it through.

The guy who mentioned that they wanted all! statements said that finally he was not asked to show all statements. If i remember correctly he was asked by immigration and not Thai RD. There is no way someone can prove that he has not remitted money into Thailand. It is my understanding that RD must prove that you have transmitted funds. Again CRS does not show any remittances.I think it is a very very remote possibility that they will demand all account statements. If you are afraid just get gifts from your family and you should be on the safe side. BTW: I have customers that have 2000 page statements for 1 year per account.

Pls let me know where the OECD CRS stipulated how and if Thailand or any other nation will collect taxes or how much the taxes will be on a personal income level? Apparently I missed it, while I was reading the hundreds of pages which you obviously have not. CRS is just an information report on offshore accounts, nothing more nothing less. The only rules and regulations CRS stipulates is how to prepare the report and where and when to send it etc. Pls enlighten us in which capacity you work in the financial industry, so everyone knows the level of expertise you have.

What issue do you see arising from CRS? Pls read my post carefully. No taxes arises from making money in an offshore account while being a TH tax resident. ONLY the remittance will trigger thai tax and CRS does not show remittances into Thailand.

CRS does NOT show how much you transfered to TH and only that amount is taxable. This is the reason CRS should be of no concern for the majority. However CRS shows that you are rich (if you are ;-)) and maybe a target worth going after and check in more detail how much you transfered into TH. For you bank account there is no way to get around CRS report other then banking in very shady countries where I personally would not recommend to bank.

What is your question Mike? I was under the impression that you were in the camp of the people that claim that this whole new tax rule is completly irrelevant to them and the majority of expats. CRS shows each and every transaction that you have done on a stock exchange or when you received money from such a transaction (gross transaction value not profit!) it also shows aggregate account balances. It does not show that you transfered money to Thailand for example. CRS should in my opinion not be a concern to 99.9999% of the people here, as Thailand wants to "only" tax money that is remitted to Thailand. So you can make a million USD per year on the stock exchange and TH would not tax it (current understanding of the situation by thai tax lawyers; some outlier claims they will also tax worldwide income that is not remitted but I am convinced for now that this will not happen at least not in 2024). Maybe they will look at your crs report and see you have made 2 Million USD in gross proceedings and wonder why you have not submitted a tax return at all, but I doubt it as you need the IT tools and the people, but no one knows for sure. It took Germany several years to use the crs report and to have the "tools" ready.

Spot on your post! However some people (not you) in this forum do not want to understand the most basic tax principles i.e. the difference between corporate taxes and personal taxes or what is reported in CRS or what purpose CRS serves. They just read one line in the tax code and claim to have understood it all.

I do not answer any of your questions Mike. I gave up on you a long time ago no offense.

Again there is no pressure on personal income tax rates worldwide. Income tax rates are set by national governments for THEIR tax residents. There is no international pressure for the Bahamas, Monaco etc to implent an income tax at all or other states to raise their respective rate. FYI I work as a tax consultant and (no offense) stongly suspect you do not work in the industry.

There is no pressure to establish global minimum PERSONAL TAX! You are confusing corporate and individual income taxes.

The DTA is only! relevant if a. you already paid taxes in one country (for example dividends, rent from UK house etc, already taxed! pension) b. you are tax resident in both countries. c. you are an us national (very special case) The DTA is irrelevant if you have for example capital gains outside TH and you have NOT paid any taxes on it as is the norm if you are only tax resident in TH (more then 180 days in TH). Another example is a German pension that is not taxed in Germany as you live in Thailand.

Immigration has it in their system that you are over 180 days in Thailand and thus a tax resident so there is no way to stay undecteted, period. If and how they will act upon it is another story time will tell.

Common knowledge how it works. It is also common knowledger that there is a good chanceit will put you on a nice list that the US immigration and the FBI will pull out next time you visit the US as for t... financing. I know a lot of foreign arabic guest workers uses it but I would not touch it with a 10 foot pole.

How do you intend to stay under the radar if Thai Immigration can easily ascertain that you are a tax resident?

I think it would be rather safer (in terms of the wife or gf leaving) to receive money from abroad as a "gift" :-) However it gifts can be used as a workaround remains to be seen (my take is they should).

Loss of potential interest on your principal, some low risk of losing the money due to capital movement restrictions or thai bank closures (highly unlikely) Disclaimer I work in risk management so I deal with risk on a daily basis.

I highly doubt that they have wash sales rules in TH as up to now they were not even taxing cap gains on a broad basis as everyone was sending proceeds in the next year. Germany does not have wash sales rule and TH is not a "sophisticated" capital market, so no wash sales rule in TH is my strong guess.

Of course you only liquidate the winners and keep the losers. No one knows if tax credit for loses will be given in TH in theory or practice.

If you are currently tax resident in TH I would recommend liquidating those shares. The only thing you can lose is the spread and comission. You can rebuy the next second if you want to. The potential tax upside is enormous. Good luck!

Minimum tax. At the end of 2021, the OECD countries agreed to subject companies with a consolidated group turnover of 750 million euros or more to an internationally applicable minimum tax. So no problem with 0% tax for startups

DTA's usually last decades. For example German Thai DTA is from the sixties. DTAs rarely get cancelled or changed.

There is one thing most people tend to forget and that is that up to 2024 you paid no income tax on your foreign earning like capital gains. So if you make 30K USD in France you have 17K left for yourself if you live in Thailand you have 30K USD still and your money lasts you two times as long in the land of the free, so pretty easy decision if you are a free man and can chose where to live.

Philippines are hassle free AFAIK, no tax to be paid as long as you are not working and not a philippine by nationality. Cambodia is a nightmare in theory tax wise, no idea however if they are enforcing their own laws. Would be interesting if a forum member could clarify what goes on in real life in cambodia tax wise.