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You are mixing up finance with tax law...

A point very well made!

You cannot be sure as there is no proof, but still you are . Again there is no logic when it comes to dealing with tax law in any country and especially not in wonderful TH.

You are in no position to provide proof to your claim.

We are talking about a revenue service so there is no logic at all involved. Germany has a law on futures and options trading where the tax due was 10 times the amount you earned. Sometimes you paid even on losses. This law will hopefuly be repealed but it is currently law in Germany. You however seem to be 100% sure that an ATM withdrawal is a remittance without ANY evidence (like a written statement by TRD) just your logical reasoning.

Correct the "tax expert" is not really an expert. The one thing i learned from this video is that no one knows if ATM remittances will be taxed as there are some people who doubt it.

Resounding NO. CRS is about account balance and gross income (sales volume) not about remittances.

FYI there is no home country taxwise if you reside in Thailand so perfectly normal and legal to not pay taxes anywhere as TH is currently not taxing any ww unremitted income. There are a lot of people in TH with above 200K USD investment income. Just because everyone (me included) lives in a bubble and assumes everyone has roughly the same income this is not the case. You can buy 5 Mio USD mansions in Phuket and prices are going up there like a rocket. Me on the other hand I always wonder why there are so many YT videos or discussion about beerprice differences of 20 Baht.

What makes you think so? There are barely any countries in the world that tax you from day 1 so I call BS, sorry mate. You cannot backup your claim with anything.

to stay true to the metaphor a lightening rod is specificaly designed for one job, not sure why you chose that metaphor. I have certainly been attacked worse by others and by you. BTW: Thanks for the link to the straights article!

Never ceases to amaze me that a difference in opinion is construed by some as baiting, stalking etc Anyway there is a mute function so you could never be stalked as you could mute the other guy/gal.

Chiang Mai, no one is stalking you here IMHO. Just relax please, this is a forum with different opinions. Me for a part I can still remember where you provided good info on the exchange rates, so I am not one sided and so are most of the posters here.

Was the head director of Thai Revenue Department who said it... My guess will not happen in 2025. One could stay in TH until mid June and when they really implement ww taxation leave as one is not a tax resident under a stay of 180 days.

They could "just" get that info from Visa and Mastercard. But highly unlikely in the coming 24 months.

There is a missunderstanding. The OP was referring to being placed in the highest tax bracket as being paranoid or at least that is the way I understood it. Highly unlikely that the will deduct tax from all remittances. However it is very possible that if you do not provide evidence TRD could simply assume at the tax declaration all your remittances are taxable until you prove they are not.

Standard procedures in a lot of tax jurisdictions. If you do not provide evidence the IRS makes a guess of how much you earned and rest assured it is the worst case.

One of the big advantages of using a credit card is that it does not show up on the immediate radar of TRD. So even if you can perfectly prove you pay your cc debt with funds from before 2024 you do not need to prove it and it also saves you the hassle of printing out tons of documents etc.

I label you a disruptor and to be deported to a closed forum...

Great link thanks for that! This should cover the majority of cases if the monies are exchanged in TH at least.

If you have a paper trail like you paid 1802.66 GBP in flight tickets and your parents transferred you the exact amount that should be OK. But why not use your parents CC right away when you book the tickets? I think purely looking at theory does not help much as we are talking about TH and the real world implications are/could be very different. Remember the remittance based taxation before 2024 if monies transfered in the same year. Rarely if ever enforced/checked.

A real gift should be fine! It could also be the payback of a loan you gave them beforehand. Both should be tax free in TH.

Self censored...

My wild guess 5% in 2025 and maybe 20-30% in 2026 and years following. But plan for the worst.

It was about the general process of calculation of PIT. Why are you always diverting from the topic? You claimed the complete process was straighforward and easy it is not.

Why do you post in this thread then?