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There is simply no way to tax 35% on every ATM transaction, as you become retroactively tax liable only after living 180 days in TH. However very very slim chance of taxing after day 180. There is not much more to do or say after Thai RD gives further clarifications either by statements or by their work in 2025.

While I agree that there is a 50% percent chance (just my gut feeling) that TH will not tax 2024 remittances because they cannot tax it or they do not want to tax it, the problem remains that some people could be liable to pay half a million or more of USD in taxes and no agent could rid you LEGALLY of this obligation. I fail to understand why you think there are no "rich" guys on this forum or in TH. Just check the LTR thread and read the requirements for the HNWI. If you "only" send 15-20K USD a year, the risk is not that big as you stand to lose less, but this money could be a lot for people who rely on this money to pay for their well earned retirements.

Correct the majority of Germans that life fulltime in TH currently get their pension tax free as TH is not exercising its DTA right to tax German persions. Some company pensions are taxed in Germany. NB: Anyway the vast amount of German pensions is generated by taxed income and is just a principal payment.

Why should pensions be exempt if the DTA (GERMAY TH for example) states clearly that the pension should be taxed in Thailand? However TH never bothered to tax the pensions in the past.

Thanks for your post! I see your line of reasoning now. However the differences are in my opinion: Apparently you will have to file a tax return for 2024 and RD will check and tax your 2024 earnings if remitted to TH. To my knowledge before 2024 there was no (real life) check from RD if you really remitted only gains from previous years. You can no longer remit your 2024 gains in 2025 or later tax free, you have to leave your 2024 gains outside of Thailand forever or not be a tax resident in a given year to remit without being taxed. So if you have 2024 cap gains you will have to pay tax on your gains sometimes in the future (if you remit or cannot prove they have been taxed elsewhere).

@Mike ListerJerry is right on this one, there are a lot of countries that do not use the 180/183 day rule and therefore you can be tax resident in 2 or more countries. Another example: in Germany you are a tax resident if you have an abode in Germany. A garage with water and electricity that you could use to live in is sufficient. Even if you have not spend a second in Germany you are considered a tax resident for the whole year. @Mike Lister No offense pls abstain from posting on issues where you have not checked the factuality in detail. It comes as a surprise to me that you have worked in the big 4, but my guess is not in a tax consultant role. I know a lot of big 4 audit and consulting partner who do not have a clue about taxes and openly admit it because they work in other fields.

This is the way it is in the PH once you stay longer then 6 months. However seems to be a relative easy and fast process that can be done within hours.

Do you have any chance of NOT remitting your pension and using other monies?

At least you should mention which country you are from and if your government taxes your pension at home.

You explicitly stated that nothing would change in 2024, I am glad that you now understand that this is not true.

The US is the odd man out there as it taxes citizens and green card holders no matter where they live without even 1 day in the US.

Thanks for you post and yes that may be correct. However if you claim you lost your passport and have not been in Thailand for 183 days they will have no problem to prove to you how long you have stayed in Thailand. All I am saying is they (RD and immigration) can prove if need be how long you have been in TH no matter what you claim. The main reason is that they love paper and paper is the easiest to handle for them.

180 or 183 days it is you can look it up. Laws are in the open plus you can google personal income tax thailand and you will get a detailed tax guides from the big 4. Only 179 days in TH should work to be free of TH income tax.

They do not need copies of pages of your passport. They have an IT system that shows when you entered and when you left.

Why would you write in a forum regarding tax law when you are not planning or are in fact a tax resident of said country? Again my post only applies when you are a tax resident of Thailand. My apologies if that was not clear in my orginal post.

He cannot and will not admit that he in the wrong I bet :-)

You answered your own question ;-) If you earned it in 2023 and can prove it it, it SHOULD be no problem, but no one knows 100% for sure. I was stating earned in 2024 and remitted in 2024 ;- Godspeed!

The bank knows if it is earnings because they see for how much the asset was aquired. However this is not reported in CRS/FATCA. In CRS/FATCA ONLY gross sales are reported. If you bought Apple for 10000USD and sell it for 10.000USD the fatca line will read 10000USD received. Additional caveat every tax agency in the world computes earnings differently, there is no worldwide standard. (FIFO method, changes in currency, is paid interest deductible, wash sales allowed how are futures evaluated etc...)

Correct I was assuming that you will be a tax resident in 2024 and then would have to pay on remittances for the whole year!

Dead wrong in the case of earnings in 2024 and remitted in 2024. In addition no one knows how and if to prove that their earnings have been from before 2024. In addition no one is 100% sure that earnings pre 2024 are not taxed when remitted.

There will be no withholding tax deducted in the coming months as a change like this will take years to implement on bank IT Level, not to mention Thai RD would need to confirm that Joe Sixpack is now a thai tax resident at excat the moment he has spend 180 days in Thailand.

30% tax on dividends is the normal rate yes, but most countries have a DTA with the US (Germany, Thailand etc... ) and so the tax rate ist 15% on dividends and no tax on cap gains.

Nonsense, sorry mate. That is just the deadline for the tax calendar year. Starting 1 Jan 2024 you are liable to pay tax on your remittance without any substantial guidance on how profit of this remitance will be calculated (Lifo or Fifo for example etc). I know TiT but this time there are 6-7 digit USD taxes on the horizon for some people.

The directive is already "active". Usually law or directives are defined and explained before coming into effect. I also suspect thai RD may just look at your lifestyle and demand proof of how those monies came to Thailand to pay for your rental condo etc...

So this is the end of the year and no substantial clarification from RD as most of us suspected. Happy new year to all of you!