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Pretty amazing that they do not accept PIT declaration while having a ww income taxation in place. Problem is that they have no US CAMBODIA DTA in place so one would pay 30% WHT on US dividends if residence is delared correctly.

Do you have further info on the real life Cambodia tax situation/changes? Cause in theory according to the cambodian tax laws you get taxed on your ww income instead of just the remittances like in TH.

Two sentence and two times wrong. 1. It is even in the word Value added tax so it is a tax and hence foreigners are already paying tax. 2. You get benefits the moment you come into Britain or Germany or the US or the all other members of the EU... if you are an asylum seeker.

Accounting method can only be FIFO OR average cost, so apparently both are acceptable and one can chose. This was also mentionend in a doc from TRD that Chiang Mai kindly provided.

The inheritance tax has a "high" threshold of 100M Baht. https://thailand.acclime.com/guides/inheritance-tax/

I do not claim I know for sure how cc transactions are handled by the TRD but you do claim exactly that. So it is up to you to provide the proof . I do not understand why this simple logic is hard to understand. What exactly did I make up? Please answer this exact question.

There is no issue. The lawmaker can decide that only Germans who post on AN under the name of Hayek are taxable in Thailand. They basically can degree what they want. There is no stringent logic in tax law. We can guess, but they can do what they want.

There is nothing to understand why one country has different laws and application of the law then another, one just has to accept it. I side with you that it is likely (60% I guess) that cc transactions will be considered assesable but how UK treats is only a very limited indication.

Regarding the debate about cc transaction. Why not take out a loan and pay the loan back several years later (when not in TH)? Should be OK in my mind. My favorite still is to have the relatives pay my rent directly and hence gift me the money that should be OK in my book. In a lot of jurisdictions in the west it makes perfect sense to gift some money to your children. My parents could even rent the house outright under their own names and I just life there as a caretaker.

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.