tomkenet

I think the numbers Mazars uses are too low to make sense , but remember this are just examples to show the principle. Add a zero or to to the numbers to make them more realistic.

Not sure if this document has been posted here before. https://www.mazars.co.th/mazarspage/download/1175616/59807824/file/Technical-update-November-2023.pdf Quite interesting What if Mr A has a savings account from before 2024 holding 16000 thb. He remits this money, instead of capital gain money realised from selling 80 shares in 2025, to Thailand in 2026. Still taxable for the year 2026?

I believe there is no time limit to when you can transfer that money as long as you have documents showing them originating from prior 2024. Interest on the account might however be subject to tax.

If you have used the loophole, transferring overseas income the year after, to save tax, it will affect you.

More from Mazars "Taxpayers with foreign-sourced income, which has yet to be realised, should consider realising income or gains before the end of this year so that such foreign-sourced income will not be taxable if remitted into Thailand on or after 1 January 2024." I guess these money have to be kept in separate accounts for them traceable back to 2023 when remitted , not to be mixed with income after 2023.

How would any other interpretation make sense.

How would any other interpretation make sense.

The text from sherring is a bit confusing, but if you compare to this link that was posted earlier it makes more sense. https://www.prachachat.net/finance/news-1432180 However, recently there was a report from the Revenue Department that It has been concluded that In the first phase, there will be relief in the case of income generated abroad before 2024, if it is not imported within the same tax year as the year in which the income was generated. It will not have to be checked.

För stocks the best way might be to sell in 23, then buy them back. The profit will then be tax-free in addition to the principal.

The capital gain is normally booked when the asset is sold. I do not think you can claim profit prior to 2024 if the asset is sold later.

Can it now be concluded that LTR visa holders are tax exempt for foreign capital income like interests, capital gains and dividends remitted to Thailand the same year they are earned? What happens next year is of course another question.

Will there be a problem moving out of Thailand for 7 months, remit to Thailand that year necessary funds for several years forward. Then live tax free for those years.

For us married guys. What about the wife gets an overseas bank account. You both remit half of your needs. Should reduce the tax significantly to share the income 50/50

Malaysia sounds much better than Laos and Cambodia, but mm2h visa has become expensive. It might change I've heard. Do you know how overseas income (not taxed at source) is taxed in Malaysia.

Which retirement countries would be the best in your opinion?

Your bank in your home country will demand to know where you are tax resident. If you still have an address in your home country you will be treated as a tax resident in your home country. If you have changed your address to abroad they will ask you where you are tax resident. You will probably have to prove it with documents or TIN number.

I am considering Malaysia and Philippines. Malaysia did something similar to what Thailand is planning now 2 years ago, but it was postponed until 2027 du to protests and negative impacts on immigration. Not sure how the situation is in the Phillipines .

What is the tax rate in Thailand on received overseas dividends? Will it be added to your personal income or is it a flat rate? What about financial gains , interest?

Hope so too! If this is for real, more info will probably come tomorrow when businesses open. Here is a link to where it was found. https://www.facebook.com/groups/bydsealthailand/?ref=share&mibextid=WiMSqg

Don't think they pretend to be exhaust pipes probably just design. Maybe a bit too much, but looks great in my opinion

Byd seal Thailand club on Facebook Some pictures as well. Nice looking ass????

Byd seal prices out Lower than I expected

Just talked with Volvo Pattaya. Ex30 can be seen there end of this month. Delivery time March next year No curtain under sunroof, they put film. It Is not possible to order the AWD without sunroof Glass must get burning hot and radiate to your head No V2L Not possible to get HUD . I guess this breaks the deal for me . Waiting for the seal.

My candidates for first electric car is ex30 and seal (AWD versions) because I am excited about the power and amazing acceleration they have. The handling performance probably will not reach the power performance though .

They should, but they probably think Thai market is willing to pay more for the European brand name with Scandinavian design.