Tom H

pay your bills with a Baht account abroad from Thailand. You even can use ATM in T.

Preparing for new law in media? Just asking AseanNow writer.

Change the bank and go to i.e. Wise. Done.

chat gpt story

he managed to evade punishment

I was shocked hearing at the age of 35y 50% passed away already. ????

incl. non O-visa travellers? Just asking for AseanNow.

What happens to the dog on the picture?

Thats the “existing law”, the guy forgot to tell that this 1 year thing will change.

Its not a falang tax:). Be aware about inheritance tax in UK and Thailand as a hint:).

Ambassadors dont work. They just represent and eat at El Gaucho their 5000 Baht steak and give the bill to their accountant:) to save tax and investment for bumbui:).

Yes, but they have also 150,000 Baht free of tax. Then it starts with different percentages. Selfdeclaration to be in line with the law. But: Who controlls your case? Noone. See the past.

Repeating existing tax rules. Savings might be excluded? New tax rules will be that they drop this “one year clause”, meaning you cant deposit income abroad and transfer one year later without tax. In focus are Thais, not farangs. We will see. Disadvantage for people living on a monthly basis? Maybe. I personally dont see an issue with retirement money if double tax agreement exists. Paying and receive back? No. They wont do that zero game. You just dont have to pay as per declaration in case taxed before. How to control it? Well its a law defined by self declaration as it is everywhere! Advantage? Well maybe the tax in Thailand is less than abroad? And: Consider the inheritance tax and the last will based on Thai law. Thailand has many “advantages” if you know them. A last will without knowing tax implications in case of assets should be avoided. Other topic, I know. My last will took 2 years to understand the tax situation for different assets in the world.

Wrong. They still have detectors. I went there yesterday!

The security screenings at all entrances were not working! Useless procedure when security is not following protocol and act by any sounds.

Because that nearly the reqired 800k/y which must be proofed also:).

Chinese and Taiwanese they write.

Wise. Done.

Moon cake? ????????

Just pay with a credit card from a Thai bank account abroad. You even can get money from ATM in T. linked to a Thai account abroad:). Or just let the money fly in. or, or, or. I wont tell you all online????

or you transfer 10M Baht in 2023 to avoid tax for the next 10y? ????Ony for the rich (non tax payers) of course

In addition, this New Order will bring about a significant change in the taxation principle of offshore-sourced income under section 41 of the Revenue Code, and this change may adversely affect individual taxpayers who have honestly relied on the current interpretation and practices of the Revenue Department. Therefore, it is questionable whether this change should be accomplished through the amendment of section 41 of the Revenue Code, which needs to go through the legislation process, rather than through the issuance of this New Order. Clarification means it wont come in 2024.

In addition, this New Order will bring about a significant change in the taxation principle of offshore-sourced income under section 41 of the Revenue Code, and this change may adversely affect individual taxpayers who have honestly relied on the current interpretation and practices of the Revenue Department. Therefore, it is questionable whether this change should be accomplished through the amendment of section 41 of the Revenue Code, which needs to go through the legislation process, rather than through the issuance of this New Order. That means to me: It wont come in 2024.

Foreigners in Thailand control 3.52% of bank funds. That means round about 600 Billion Baht. If they would have taxed this money they could build a bridge from Chumphon to Rayong and to Koh Samui on top of it. Only a very small amount is related to retirement transfers. No statistics because too little.). They focus on Thais actually if you understand the one year income parking abroad clause which will fall. Rich people have companies and other chanels. Well, I see a boom in the 800k deposit for the visa and a cash inflow by planes instead of bank transfers. Thai Bank accounts abroad plus Visa payments for bigger bills will be an option. Paypal prohibited. Wise can follow but HSBC? I have doubts. Many possibilities as it is always. Transfers to our Thai ladies? Well, then the banks might be the ones which automatically deduct the tax as a fee. Wont work in my opinion. No transfer to Thailand to own account—-> no tax? no implication? Thats the questions in real life. In case you have assets abroad and in your last will you benifit a Thai wife… Thats the big money for Thailand. No tax in i.e. Germany in case of the 10y abroad clause (not for real estate in Germany) but in the future taxed in Thailand when she wants the money:). 35% loss visible to me. Well, if you have funds and insist to live in T. transfer in 2023:).

The article is wrong written. Of course he looks for Thais in first place because thats the big money…