Danderman123

Income and accessible income are not the same thing.

But.... Nobody knows about the new tax rules, so why would anyone move on account of these new rules?

Except in your scenario of the Revenue Department catching me for an audit, then wenshienshang could be caught and then he would have no tax return to show the auditors. This is a common situation worldwide, people who don't think they owe don't file. But if they do owe, when they are audited, they are dead meat. It's always better to file, since it reduces risks.

What representation do Immigrants to your home country get for their taxes?

The flaw in the logic is the requirement to maintain a very large amount of cash in a Thai bank (or safe), or hand it to a Thai wife.

All corruption means in this context is that HiSos won't pay taxes,but the poor Farangs in the village must pay every Satang - if this plan is implemented.

Yes, that's why it's called "income tax". The problem with your post is that you are focused on the Thai government, whereas if I have to fill out a Thai tax return, I don't care about the Revenue Department's struggle to collect my money.

Filing means lot of people are going to have to pay a lot of tax. Or worse, the Thai tax forms may not support the tax treaties, so filling a tax return may end up costing significant money for many people.

Technically, if you are transferring money into Thailand, you are liable to providing a tax return, if only to prove you don't owe anything. The question is whether this will be enforced. Same as motorcycle helmets.

The point is for people to listen to others to help them make a determination how to prepare for Taxarmageddon. Or do nothing at all. I got out of Dodge, and will stay out of Thailand for 181 days in 2024. Mexico is nice this time of year.

I paid Estimated taxes for my 2024 return in July 2023. Certainly, tax liability for US income can be determined early enough to complete Thai tax forms, if it comes to that. But this is getting into the weeds. I am sure there would Extension of Time forms in the Thai tax world.

And her Kik, if she has one.

You must declare cash brought into Thailand, above $10,000 or so.

How well informed about the new tax rules are the other Farangs in your village?

"There will be no impact for 99% foreigners" + "we will have to file which is a hassle but not unfair. " Please make up your minds.

Tell that to Immigrants in your home country who can't vote, but have to pay taxes.

Lots of Thais don't pay taxes. They also don't transfer cash into Thailand from other countries.

There are 2 credible outcomes here: The new rules are forgotten, since it would take a lot of effort to accommodate retirees. Or A handful of retirees are audited, and some are sent to the monkey house, as a means of encouraging compliance.

I am thinking more along the line of people who have had bank deposits disappear, usually from bank employees embezzlement.

You just kicked the can down the road. How would the Revenue Department even know I exist, let alone suspect me as a tax evader? Any effort they spend on me would be a waste of time, since I'm not a tax resident this year.

It certainly would work for the Thai ladies. And their Thai boyfriends (if they have them). Next scene: Farangs hurling himself off a high rise balcony.

But a foreigner under audit who made credit card payments to Thai enterprises would be invisible to anyone with access to the data (presumably the Revenue Department). Got it.

Yes, Immigration sees me when I enter or exit the country. But Immigration is not the Revenue Department. My question is how would the Revenue Department find me to audit me? Please don't answer that TAT sees me when I take part in one of their promotions.

The question is whether it's worth it to prepare for a situation where the Revenue Department actually audits people in 2025.

No need to prove a negative. Simply document that money transferred into Thailand was earned prior to 2024.