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Thanks for this article and its translation! "In the future, Section 41 of the Revenue Code will be amended to immediately calculate tax in the year in which income is earned abroad. Regardless of whether money is brought into the country or not, however, it may take 1-2 years to amend the law.” If this come to pass I and many others will never spend 180+ in TH ever again. Even Germany taxes you lower at 26.375% on cap gains on the personal level (47% if you include corp taxes) vs 35% in TH . But then again this being Thailand I hope the law will be changed at the time the bullet trains zip through Thailand, so the start date will be always the current date +5 years :-)

So pls let us know what part and what supporting documents of an DTA exemption you claimed and why you needed it? Beforehand it was difficult to pay income tax at all, even if you wanted to (as long as you were not working in TH.)

I can tell you it is very complicated to claim shelter under an DTA. But go ahead and believe whatever you chose you are up for a big surprise.

It is taxed as ordinary income if not from trading on a thai exchange

First hand experiences of the new directive will only show in Mid 2025 , not earlier. End of march 2025 you should hand in your tax declaration in TH. Never mind that most western banks provide their tax statements end of June.

They do not need to change the DTA. Example: beforehand no tax on capital gains in Thailand, now you have to pay capital gains tax on remittances. There is no DTA involved if you only live in Thailand in cap gains case. Next example German pension: Beforehand TH has taxation right but did not tax it; after 01 Jan 24 you pay income tax on German pension if remitted to Thailand. And again in other cases, if you want to use a dta you must provide tons of translated documents and be willing to go to court. If the disputed tax is 50K USD and above maybe worth it, everything under 50K not worth the time and effort. PS: May I ask you in which capacity you provide financial advise in order to make the above claim about DTAs in general? There are people on this board including me who work in banking and provide tax counsel in international tax matters FYI.

Spot on! Try claiming any DTA exemption in TH and you will have a problem is my take on the situation as well.

Really? So how many languages do you speak as "good" as the french guy does speak english? Reminds me of my parachute training buddies in the UK who were asking me how it feels to speak another language :-) (I love the UK and the US , always felt more at home there then in Germany)

Is the translation really depending on one word? Is there any specification in the original document on cap gains or are they just talking about assets/property? Thanks a lot for your work as I am a non thai speaker!

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.