Thorgal

You're a tax-non-resident if your stay is below 180 days and you've earned money on a Thai bank account and from a Thai registered company. Then also you have to pay Thai income tax...

From page 15: My quote with my own wording : "As per another press release of the same subject this income tax change is only for Thai citizens (no need to thank me...)" The coconut media doesn't refer to farangs as tax-residents. It mentions clearly Thai citizens. I didn't change the quote of the newspaper... I just wanted to warn people on our community that different versions of the Thai income tax changes (as OP) are confusing. Quote from coconut media : "Thais earning income abroad and exploiting a well-known tax loophole are about to have their vibe killed by the country’s greatest party pooper: The government. A statement issued by the Revenue Department Friday announced that all money earned by Thai citizens must be taxed as personal income, effective January 1, 2024."

That's an incitement to a lot of divorces...

A tax-resident (+180 days in LOS) will be taxable on income from all sources in Thailand on a cash basis regardless of where the money is paid, and on the portion of income that is brought into Thailand in the same year that it is earned. A tax-non-resident (-180 days in LOS) is only taxable on income from sources in Thailand.

No, because : 1. you're not a tax resident if you stay -180 days in Thailand per year 2. you don't work during your stay or generate income in Thailand 3. Thailand likes you a lot

From your own post and link page 11 : https://www.thaienquirer.com/50748/new-tax-regulations-raises-questions-and-concerns/ Thailand’s Revenue Department has recently thrown a curveball at tax residents with its new tax guidelines on foreign income. According to legal experts, the policy appears to have three specific targets: residents trading in foreign stock markets through foreign brokerages, cryptocurrency traders, and Thais who have been exploiting a loophole that allowed them to bring foreign earnings into the country tax-free after keeping it in an offshore account for more than a calendar year. No mention of new Thai income tax regulations for farang pensioners, digital nomads and long stay expats...

As per another press release of the same subject this income tax change is only for Thai citizens (no need to thank me...) "Thais earning income abroad and exploiting a well-known tax loophole are about to have their vibe killed by the country’s greatest party pooper: The government. A statement issued by the Revenue Department Friday announced that all money earned by Thai citizens must be taxed as personal income, effective January 1, 2024. https://coconuts.co/bangkok/news/thailand-to-tax-all-income-earned-abroad-starting-next-year/

Which country in the world has the right to convert private money transfers into taxable income ? You can be a tax resident in Thailand after 180 days on foreign sourced income, but only if this income derived from abroad is remitted to Thailand in the same year it is received. While submitting a Thai income tax declaration form you also need to submit a legalized (foreign) bank statement from where the money was transferred. If it's from a private bank, no problem. If it's directly from your employer or pension fund it's classified as taxable Thai income derived from abroad that is remitted to Thailand in the same year as it is received.

1. Your pension will be automatically taxed in the country of origin. 2. If you reside more than 183 days in Thailand you can claim back the taxes you've paid in your home country 3. Your monthly pension in Thailand can be seen as "world income" if you pay it directly from your pension fund to Thailand. In that case you will have to pay income tax in Thailand based on your pension brought into Thailand. 4. If your pension has been first paid on your private overseas bank account, then it won't be considered as "world income" and not be subjected to Thai income tax. Thai "world income" tax ruling is a different specific case and not subjected to the double tax treaty with other countries.

Back in 2021 I submitted my Tax form and all required documents to receive the legal incentives. I had first to pay the income tax based on the money that I brought in to Thailand. They've called me back and they've paid me back because my incoming money originated from an overseas private account. I had a discussion with the deputy director of the province and he confirmed me that I was exempted to pay income tax in Thailand in my case. If the money transfers originated from an overseas company, then it would be subjected to Thai income tax. Even the 183-day rule (from double tax treaty) is not applicable for "world income".

If your overseas money is transferred to Thailand from a private bank account it won't be considered in Thailand as "world income". So, no Thai income tax.

No, you need a work permit related to a Thai company to be able to apply for Permanent Residency.

All "world income" in Thailand is taxable. "World income" in Thailand means any money that has been transferred to a Thai bank account from an overseas non-private account from a company and/or government retirement payment bank account. If your monthly transfers from overseas originates from a private bank account it won't be considered as "world income". On the other hand : if your country did a double tax treaty with Thailand it's advisable to check if they didn't update this agreement. Most of them have been signed and activated in the 80's. Unfortunately, in the latest recent updates of those bilateral tax agreements they added the possibility to be taxed at the country of origin (your home country) if the country of your residence didn't tax and/or you could not provide a tax form from your country of residence. To receive a Thai "no-income-Tax" clearance document is very difficult, read impossible today. Sometimes a clearance document is required by your home country tax administration and excludes any further discussions in the future.