tomkenet

Message is pretty much the same, seems like the process has come a bit further, and the mentioning of 2029 is new as far as I can see.

This is the link for the latest news. https://www.bangkokpost.com/business/general/3081357/law-exempting-tax-on-foreign-income-in-the-offing

Yes, probably no discrimination on nationality. Also, not an one off. This exemption would be effective as of Jan 1, 2025, and be valid through Dec 31, 2029. https://www.bangkokpost.com

They want the money to arrive to Thailand asap 😃 Another reason might be that they can claim there is taxation on foreign income, thought with some limitations.

Yes, It would be strange to treat tax residents differently from their nationality. I guess many of the new "tax consultants" that has emerged the last year are not so happy about this news.

I don't see Bangkok post says they want to increase taxes, and my wife says the heading in Thai rat doesn't nessesarily mean that in Thai.

Nothing in this article that points in that direction, rather the opposite, so I wonder where you got this idea from.

The topic and signals from the finance department suggests easing everseas income Tax rules. Tax on all global income each tax year would not be an easing.

My local Macro in banphe has hilltribe eggs. 90baht/10. Often sold out through. https://hilltribeorganics.com/

So you mean if I received 1mill THB in dividend yesterday, used the money to buy stocks today, sell them tomorrow without gain, I can remit the money to Thailand tax exempt the day after? I don't think it will hold up if you get audited.

If your "zero gain" stocks where purchased after 2023 the principal and the gain (which is zero in this case) will be treated as accessable income when remitted if you can not show that the principal comes from savings. That's why you would have to show the origin back to pre24 or another non taxable event.

I don't think you can simply launder away your previous gains this way. You will have to provide documentation that shows the funds origins backwards until you reach a date before 2024. Then the total gain will be accessable.

I believe documentation showing the principal leading back to pre-2024 cash will always be exempt. What do you mean with one time concession ? Link?

With statements showing purchase of the last stock without gains dated after 2023, you would probably be asked for documentation of where the money originated, leading back to before 2024.

I wonder how that will work. That means you will have to file a tax report for a year you are not a tax resident. How about if you stay non tax resident for several years or for ever.