Sato

Do you refer specific to UK banks ? I do not know UK bank policy but general speaking there is no rule saying you cannot hold a Bank Account in a country where you are not resident or where you have no address. I have several Bank accounts on two Bank in Switzerland without having an address in Switzerland. I have my Thai Adress registered at both banks.

'the stamp temporär Stay in Thailand' does not mean at all you must have a permanent address in another country. That's just a Thai trick to be able to expel someone from the country at any time. If you live in a country for more than six months (but at the latest if you live there year-round), you are considered a resident there according to international standards. Swiss law requires you to deregister with the local municipality if you are out of the country for more than three months. You can no longer have health insurance and are no longer liable for taxes. If you no longer own a house or apartment, you also no longer have a registered address.

The Thai QR system is far superior to Apple Wallet because it's cheaper for merchants and makes Thailand independent of the US. Europe should develop similar systems to become independent from the US. The US can block all payment transactions at any time. Furthermore, the fees charged by US payment providers are exorbitant and offer little transparency for the customer.

First time I read that Bangkok Bank does not provide the 'Bank Account Verification Letter's.

Sure. But self-employment makes it much easier to avoid declaring income. Employees don't have that option. In European countries, self-employed individuals also don't declare some of their income, but the proportion of self-employed people is much lower. Furthermore, authorities in emerging economies are far less efficient, making it harder to monitor taxpayers' income, expenses, and assets.

Tax revenue is essential for a functioning state. 10% income tax is fair. 10-20% is too much. Anything over 20% is theft by the state from its citizens.

The fact that so few Thais pay taxes is primarily due to the fact that most Thais are self-employed and earn very little. As long as this remains the case, changes to the tax system or the method of tax collection will be completely ineffective.

Your link is a public relation to a Falang consultant ?

How CGT is calculated is unchained but what has changed is that savings (and that includes for me savings from capital gains till 1.1.2023 but for sure savings from Capital gains from before you moved to Thailand and become Thai tax holder). Anyway, thank's for you're link. I will read once I have time.

Any source ?

I assume the taxable amount will not be calculated based on the original acquisition price but based on Value as of December 31, 2023

Sure capital gains are taxable in Thailand when transfered to Thailand and gained after 1.1.2024. So, exactly same situation as with cash savings. Interest, dividends and capital gains since 1.1.2024 are taxable when broth to Thailand. The money of a cash account and the value of the equities and bonds as of 31.12.2023 not.

What makes you thinking equities are not considered as savings ? In many cases those equities will come from income from people when they still lived and worked in their home countries and paid income taxes on. If Thailand would now tax this money when brought to Thailand again then Thailand would clearly break the DTA (and their own tax law since the income comes from a year the person was not tax holder of Thailand).

Ultimately, it's up to Thailand to waive taxes. There likely won't be a DTA (Dual Tax Treaty) forcing Thailand to levy taxes on a specific income level. After all, Thailand generally refrained from taxing foreign income until 2023, despite DTAs. Ultimately, it will all depend on how the Thai authorities interpret Article 42.

The article does not specify 'only for Thai social security fund'. How Thai authorities will interpret this article is currently unknown. I'm afraid it could take years (and a court decision) until it will be crystal clear.