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Thanks for you article and the good info on Malysia! Do you have any further info on how the remittance tax will be implemented in Malaysia? However there seems to be a missunderstanding regarding the minium 15% tax. The supposedly "worldwide" minimum tax is for corporations only, it does not apply to individuals! It is not even close to ww even for corps. Even stated in the article you linked "for corps only" in the headline so fear not! CRS or the minimum tax is NOT a reason for a remittance tax. However some politicians try to frame it in this way.

The point I tried to make was that the Thai government will be putting their own people first which is quite usual in every country besides Germany on this planet. Pls read my post again: I was simply replying to some post claiming that the falangs will not pay taxes because the thais are not paying taxes. Just remember a police stop where only falangs pay for not wearing helmets.

I am saying that falangs will or could be targeted as they prove to be richer pickings. If you think everyone is treated equal in Thailand you have apparently never been to wonderful Thailand (police stops, park entry fee etc)

Yeah below 600 USD maybe it below a substantial threshhold. In the old world everything needs to be documented. But apparently you missed the whole point. The point is you have to prove to the THAI RD that your pension or any monies you transfered is exempted.

It is usually a hell of a lot of work to claim DTA tax credit even in Germany where they sometimes accept english documents, sometimes not. I would not bother if it is not 2000 USD or above in taxes owed.

I have about 10 credit and debit cards for this exact reason that banks tend to freeze your account or scammers get hold of you cc details🙂 You cannot have enough cards in my opinion...

Basically the same if you cash out of ATM for years or transfer money. ATM even more suspicious because you get cash in hand in Thailand IMHO. An international transfer is no red flag in itself, if it is not to a dubious country which Uncle Sam does not like. I got my german credit card frozen because I was withdrawing too much money and too often , but they were concerned that I do no longer live in Germany (which was correct at that time BTW):-)

Jim no offense you post about acc freezing and then divert to another topic like adress on account as reason for being frozen. What do you mean by adress on an account, the holders adress? I think you are confusing a lot of things here. If you take cash out of your thai account you have it already transferred to Thailand so not helpful.

What makes you think a rent payment will freeze an account? Why on earth should a german account be froozen by making a 1500€ transferral every month? This is ludicrous sorry.

Great post thanks a lot! So another good tax avoidance is to invest in the thai stock market, as the capital gains are excluded. As no one knows if US stocks or thai stocks will perform better in the future a small investment in SET index shares does make sense, at least for me. Can you advise on asean link? Is that a stock exchange or broker? Thanks!

That is already the case you have to submit a criminal record certificate when applying. Problem beeing is that if you are not yet convicted it does not show on the record.

Great post! However I assume Thai RD will take 10-20 years to come up to european standard and close all loopholes of remittance.

I wonder what will be the tax mans take if I agree with the owner to pay my rent to his off shore account. So I never brought the money into thailand 🙂

They do not need to change the DTAs. If you can 100% prove that the income has been taxed or is exempted by DTA they will not tax it but good luck with that, as everything needs to be written in thai. If you have a complaint all papers need to be perfect to Thai logic etc ...

If you will follow the law then apparently you belong to the "50 people" that care a rats ass about the law as you wrote in your previous post 🙂

"outlaws" will learn the hard way like Al Capone did IF RD holds up this directive.

Makes me one wonder if a normal gift is OK. Lets say I reveive 100K Baht per month from a family member however I myself do not "need" the gift as I have "enough" money. Maybe I can invoke birthday or xmas and get 600K on each occasion ?

So nothing to do with gift tax then right?

Thanks for your post! Ok so this would "only" apply if you give something to your thai wife or son. I was talking about receiving money from a relative giftor that lives outside of Thailand. Of course if you set up a formal contract like money will be gifted for the reason not to pay taxes you would run into trouble (maybe).

My understadning is under 10M or 20 M Baht per year is free when coming from a relative.

I do not understand your warning. The limit is 10 or 20 Million Baht per year. It is obvious that over 10 M. per year you have a problem. I assume not many people here will receive more then 10 M Baht per! year.

Thanks for your post! If this works out as it is stated then there should be no problem at all as long as you have family that can and is willing to "donate" to you without incurring gift tax in the other country i.e. their home country 🙂 This would be a very easy solution!

I fully agree! Maybe there will never be an official "clarification" and you just have to live with whatever the tax man makes out of it. Of course it will vary from department to department and from year to year....

I did get it, however the joke is on you as you already posted several "misunderstandings" or errors and you simply do not care to admit them.

That ist exactly the problem that you do not care what you write.