Jenkins9039

Thai based residents as set out in paragraph 3 section 41 of the Revenue Code to be specific in their Edict. ttps://www.rd.go.th/english/37749.html

they don't need as OECD/CRS shares that information with them directly.

Nope... I posted above the complete translation plus here

Basically - sell everything and leave... best approach.

That's great till you realise it could be rental income from property, or stock income, dividends etc income, any form of income, and that in some cases is tax free as a non resident (at home) so no tax double treaty as you don't pay as a non resident... then you bring to thailand and its taxable.

Ref Elite (2019) https://web.archive.org/web/20230608060701/https://www.thailandelite-direct.com/en/faqs

Elite was sold as tax free also...

He's resolving equality, by making us all equally miserable.

They scrubbed it, was on the old site back in 2019.

No it doesn't Clause 1 applies to the new tax setting. Which references section 41 paragraph 3 here : https://www.rd.go.th/english/37749.html Basically 180 days = creamed

5 months thailand for me, caymans/dubai/singapore/hk otherwise. Even throwing 100k Euro at the Italians is more attractive than this BS.

Experiencing the same, overseas company and dividends every 5-10 yrs. If they want to do this well, the Caymans is screaming hello, and that's a lot of money Thailand won't be getting, i was looking at doing the Cambodian / Thai / HK setup recently due to proximity and young kids when i take my next payment, but with this in mind, Thailand has entered the no beno zone.

Neighbour (previously), is a Belgium guy, from what i've heard, the Nazi's were chased out of Belgium, but the Financial Gestapo remained. If half the things that happen there happened in the UK, we'd lynch those trying it on (finger prints, reporting of assets, bank accounts etc when non-residents, paying tax to the UK when non-residents etc).

https://www.thaienquirer.com/50748/new-tax-regulations-raises-questions-and-concerns/

I guess they've started getting the CRS information returned and licking their chops at the opportunity.

Kinda irrelevant, anyone more than 183 days in Thailand will have to have paid tax or will pay tax based on their expenditure within Thailand based on remittances to Thailand... It makes it a non-attractive country whereby Thailand has just gifted the golden goose to its neighbours. As the vast majority of remittances for the average expat are 'small' compared to the average remittances from high-income expats that usually previously resided in Tax havens, who will now have to pay tax for the luxury of living in THailand and spending 500-2m THB a month + 35% tax. They will just go elsewhere.

How does that work alongside the Elite Visa, and also in respect of leaving external of Thailand to mature?

Perhaps others had similar. Actually resolved, they are now updating all records for all users and sending their information, wallets, transactions to their home countries tax agency under CRS, FAFT, TravelRule (backdating).

Not sure i follow you. I pay for 4 nannies, 2 teachers... that's private... that means i am putting my kids future as utmost importance, at sub 1 yr old, they generally don't have much to do. In future they go to school in Singapore, Switzerland, and then the US, banking funds allows that. So again not sure how you equate your statement. As for the EU, Canary islands, the European Union is collapsing, the Bank of Germany is broke, Germany is the back bone of Europe, you understand what happens when the train falls of the track for society at large? The UK is bankrupt likewise... Not exactly an ideal place to 'settle to', and its a 'privileged idea where one thinks moving to Europe = better life, you can bring the best aspects of Western society to you without having to deal with the bad aspects. So perhaps actually 'read', 'process', 'formulate a response' based on what i've written opposed to your own biasm.

Nuclear bombs and hypersonic missiles?

Not really relevant to what I am asking information on.

Yeah, flying them to Dubai/etc etc would be unfeasible (financially, logistically and practically). I am specificlly asking about Laos / Cambodia as it's seamless for what i want. BUT people appear fixated on 'imagination'. Still haven't had a response in line with my questions. 90% about wealth (not brought up) 5% about shagging 5% about mozies Intellect really on show here.

I'm using it as a tax bounce, 5 months in. with little impact towards the babies, as for being sucked dry, its doubtful. For one i wouldn't be handling money in the country except living/property.

Bit different to the experience i last had in Geneva when closing my account. The nannies, is the 'most important' aspect - hence laid out. clearly, continuously, because i keep being pointed to what i don't want. In fact i don't believe i've even had any form of advice on the locations.

Quite simply put for the fifth time. The babies have nannies already, they have familiarity, they also have teachers, they have familiarity. It doesn't make sense committing to Caymans/Dubai for 5 months and factoring in the 3 weeks on 1 week off, the visas, moving the entire household to Dubai/Caymans (whereever) you need local. That leaves Malaysia, Singapore, Cambodia, Vietnam, Laos. I've given explicit reasons why Singapore/Malaysia are off the table, couldn't stand Vietnam, and suggestions privately were to look to Laos/Cambodia for the free-flowing border. Everything else is covered above. Otherwise TAX benefit (5 months x 2 locations - 1 being Thailand) + 2 months elsewhere.