Metapod

we need Prayut back.

i started smoking again when thailand legalized weed and i found that i drink less, sleep more, and get more exercise. it's been a net positive on my life. thailand went full legal with weed and everything is fine. there is no need to change anything. the last 15 months shows it works

smaller government and then less tax. nobody likes government but yet always wants the government to be larger and be involved in more things.

everything private is more effective. private schools > public schools, private hospitals > public hospitals.

every government process has no profit incentive and motivation to be efficient. 

stop thinking about how to reward bad government and instead limit government and you dont need to rape and steal from your citizens

The solution isn't more taxes, it's smaller government. 

Taxes are theft and governments will always want to spend more and more. Politicians basically win elections promising to steal your money to give you things back. 

33 minutes ago, mfd101 said:

If people bother to check in the OP the list of countries that have a double-taxation agreement with Thailand, they will see that about 99% of all 'Westerners' in Thailand are covered by those treaty-status agreements. Which aren't about to change. So no sweat.

 

But it does raise an interesting question for many of us, a question which those who actually are informed on this might wish to address: Assuming that (as I understand) Thailand's income tax rate is way way lower than that in any 'Western' country, why not use the double-taxation agreement from the other end? ie pay income tax in Thailand and thereby avoid the much higher rate of income tax in your home country.

DTA doesn't exclude you from filing and paying taxes. You have a double tax residency and that means you will be required to file taxes in both regions. If the taxes owed in one region is less than the other, you will need to pay the difference to the other region. What the DTA agreement does is prevent double taxation of the same income, it doesn't mean you can just pick and choose the region you owe taxes and pay the smaller amount.

Keep in mind that Thailand has a progressive tax structure and the higher rates kick in a lot earlier than western countries like the US.

This change affects everyone who isn't already filing and paying taxes in Thailand.

17 hours ago, anchadian said:

Lawaron Saengsanit, the Director of the Revenue Department, said a focus group hearing will be conducted to discuss the proposal to tax all income earned abroad by tax residents in Thailand.

 

The focus group will include investors, taxpayers, and relevant agencies, who will provide explanations about the proposed change and listen to concerns regarding the measure. This change is expected to be implemented on January 1, 2024.

 

Lawaron said this move aligns with international standards, and it is common for both domestic and international investors with similar income to be subject to similar taxation.

 

Lawaron assured that there will be no double taxation due to the Double Tax Agreement. More details about the measures will be released prior to the commencement of the new tax policy.

 

https://twitter.com/ThaiEnquirer/status/1703719202769756629

 

Thailand is going to lose A LOT of wealthy expats over this change.

1 hour ago, John Drake said:

Prayuth, please come back!

no kidding. 3 weeks into new government and they completely <deleted> me over

wow, this might be the one thing that forces me to move out of Thailand. I'm shocked.

so many bitter old losers and cucks on here. the guy is right and i guarantee he has no issues getting women in bkk.

you put women on camera and give them a position of power (they can turn him down but he cant turn them down) and you are going to have some uppity bitches that wouldn't typically get a second look from this guy. the other factor is putting girls in a group always changes the male/female dynamic as girls always allign and don't like to stick out or go against the grain.