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This is basically the jist of the new rules: I think also the regulation to which they refer to in the article below is wrong, it should be P161/2023 September 28 2023 The Thai Tax Office has issued Regulation No. 16/2023, which includes a significant change in tax obligations for residents who earn income or own foreign assets abroad. This directive, signed by the Director General of the Tax Office, prescribes the criteria that must be met by persons living in Thailand who must now report their foreign income and pay taxes on it. The main focus of Tax Authority Regulation No. 16/2023 is on the taxation of taxable income earned abroad by Thai residents. This directive refers to Section 41, Paragraph 2, of the Tax Law, which states that individuals must declare their income earned abroad if their professional duties, business activities or assets are outside Thailand and such income was brought into the country in a particular tax year . Important provisions of the regulation Clause 1: The Regulation applies to persons falling within Section 41, Paragraph 3, of the Tax Act who have taxable income arising from professional duties, business activities or assets abroad, as defined in Section 41, Paragraph 2, in the taxable year and this bring taxable income into Thailand in any tax year. Such persons are required to report this taxable income and include it in their income tax calculations in accordance with Section 48 of the Tax Act. The tax valuation should match the tax year in which the income was brought into Thailand. Article 2: In accordance with the publication of this Regulation, any existing rules, regulations, ordinances, responses to inquiries or practices that contradict or conflict with the provisions of Regulation No. 16/2023 are invalid. Article 3: The regulation comes into force from January 1, 2024 for taxable income imported into Thailand. Conclusion This directive represents a significant change to the tax obligations of residents in Thailand who earn income or own foreign assets abroad. Affected individuals are now required to ensure that their foreign income is correctly reported and appropriately taxed in accordance with Thai tax laws. The regulation aims to increase transparency and tax compliance among residents in Thailand involved in international economic activities. Here is a google translation of the RD order P161/2023 Revenue Department orders No. P.161/2023 Subject: Payment of income tax according to Section 41, paragraph two of the Revenue Code. In order for revenue officials to consider this as a practice guideline for inspecting and giving advice to those residing in Thailand. which has assessable income according to Section 40 of the Revenue Code In the past tax year Due to work duties or business conducted abroad or because of assets located abroad according to Section 41, paragraph two of the Revenue Code The Revenue Department has ordered the following: Clause 1: Persons who are residing in Thailand according to Section 41, paragraph three, of the Revenue Code. who have assessable income due to work duties or activities conducted abroad or because the property is in Foreign countries according to Section 41, paragraph two of the Revenue Code In the said tax year and brought the assessable income Entering Thailand in any tax year That person has a duty to include that assessable income in the calculation. To pay income tax according to Section 48 of the Revenue Code In the tax year in which the assessable income was brought in in Thailand Article 2: All rules, regulations, orders, letters of response to consultations. or any practice that is contrary to or inconsistent with This order shall be cancelled. Article 3 This order shall come into force for assessable income imported into Thailand from the date 1 January 2024 onwards Ordered on 15 September 2023

No you will not pay tax on it again if it has already been taxed. The DTA would cover that.

Did you see this part? The Thai Revenue Department is still working out the details of the new rules, so it is not yet clear what additional paperwork or translations will be required

Yes but the money is put with investment companies, you have made an investment, the actual account is not earning the interest but the funds in which it has been placed is paying you interest and they are taking a small % of your capital for wise and the fund manager. What fees do I pay when I use Wise Interest? When you make a return using Wise Interest you pay two fees: a Wise fee, also known as the service fee, and a fund manager fee. Both fees are based on your daily balance. The Wise fee is charged monthly and will be taken out of your balance on the 1st of every month. The fund manager includes their fee in the value of your investment, so you won’t see it charged as a separate fee The Wise fee We’ll always take the service fee from a balance — we don’t charge the fee to Jars. If you've got a Jar set to Interest, we’ll charge the fee to your balance that’s in the same currency. If you don’t have enough money in your balance to pay the fee, we’ll take it from another one that does have money in it. Current Wise fee when you use Wise Interest Your country Currency Fund and fund manager Annual Wise fee UK GBP BlackRock ICS Sterling Government Liquidity Fund Managed by BlackRock 0.19% EUR BlackRock ICS Euro Government Liquidity Fund Premier Acc T0 (EUR) Managed by BlackRock 0.19% USD BlackRock ICS US Treasury Fund Premier ACC (USD) Managed by BlackRock 0.19% Select EEA countries (check availability) GBP BlackRock ICS Sterling Government Liquidity Fund Managed by BlackRock 0.37% EUR BlackRock ICS Euro Government Liquidity Fund Premier Acc T0 (EUR) Managed by BlackRock 0.37% USD BlackRock ICS US Treasury Fund Premier ACC (USD) Managed by BlackRock 0.37% Singapore SGD LionGlobal SGD Money Market Fund Managed by Lion Global Investors Ltd. 0.25% USD FTGF Western Asset US Government Managed by Franklin Templeton 0.25% An example If you’re based in the UK and put 1000 GBP in Interest and left it there for one year, you'd pay 1.90 GBP in Wise fees over the 12 months. This is because the fee is 0.19%. The fund manager fee The fund management fee is charged by the fund manager. It’s automatically reflected in the value of your investment, so you won’t see it charged to your account as a separate fee. Current fund manager fee when you hold money as Interest Your country Fund and fund manager Annual fund manager fee UK* and selected EEA countries BlackRock ICS Sterling Government Liquidity Fund Premier Acc (GBP) Managed by BlackRock 0.10%* BlackRock ICS Euro Government Liquidity Fund Premier Acc T0 (EUR) Managed by BlackRock 0.10%* BlackRock ICS US Treasury Fund Premier ACC (USD) Managed by BlackRock 0.10%* Singapore** LionGlobal SGD Money Market Fund Managed by Lion Global Investors Ltd. 0.25% FTGF Western Asset US Government Liquidity Fund Managed by Franklin Templeton 0.60% *In the UK, BlackRock provides Wise with a rebate of 0.03% from their fund manager fee. Wise passes this saving on to you through a reduced Wise fee. **In Singapore, Lion Global Investors Ltd provides Wise with a rebate of 0.125% and Franklin Templeton provides Wise with a rebate of 0.15%. Wise passes this saving on to you through a reduced Wise fee.

From wise website, some extracts: USA Can you use Wise as a bank account? No, you cannot use Wise as a bank account, because Wise is not a bank, it’s a financial technology company. However, with the Wise Account you’ll get some features which are similar to those available from regular bank accounts, such as the option to hold a Balance, send and receive payments, and spend with a linked card. This means you can use Wise for many day to day financial transactions and even as a primary account depending on your needs. Interest Wise Accounts aren’t interest bearing. Some traditional bank accounts offer checking accounts which offer interest — and many have saving account products which offer interest depending on the value of the Balance you hold. EEA At the moment, Interest is available to consumers and businesses that are residents in Austria, Denmark, Estonia, Finland, France, Germany, Hungary (in beta), Luxembourg, Netherlands, Norway, Spain and Sweden. Stocks is available to consumers and businesses that are residents in Austria, Denmark, Estonia, Finland, France, Germany, Luxembourg, Netherlands, Norway, Spain and Sweden. How is a Wise account different from a bank account, and how does Wise hold my money? Your money is protected because we safeguard it, as opposed to classic bank accounts, which are covered by the Financial Services Compensation Scheme (FSCS), or other protection schemes that you get with bank accounts. You can't get an overdraft or loan. You won't earn interest

Why would they ask? The onus is on the individual to understand the tax and to declare any earned or passive income if it was remitted to Thailand. If the tax people find out later then they just apply penalties and interest.

Not strange at all. Some countries require worldwide income to be declared if one is tax resident.

Every Thai has a TIN. It is their ID number and the bank has that.

The OP has already stated it's not that.

Anymore info about the movie, what happens during, actors names, is it horror, thriller, crime? Indie type movie or was it on the big screen?

Seriously, Thailand could be just one of the best countries on earth. I think most living or visiting here could agree.

From Wordnik: globalism glō′bə-lĭz″əm noun A national geopolitical policy in which the entire world is regarded as the appropriate sphere for a state's influence. The development of social, cultural, technological, or economic networks that transcend national boundaries; globalization. An ideology based on the belief that people, goods and information ought to be able to cross national borders unfettered. A socio-economic system dedicated to free trade and free access to markets. From Merriam-Webster: globalism noun glob·al·ism ˈglō-bə-ˌli-zəm : a national policy of treating the whole world as a proper sphere for political influence

You have to employ one that really knows and is qualified in tax law, the trouble is they are expensive.

If it is income exempt specified in the DTA then why do you need to fill in and declare it at all in a PND90?

Read the DTA. It does not take long to read the parts specific to income.

Don't know anything about this.

780000 minus all the allowances and deductions =taxable income. Then 150000 is exempt and the remaining is subject to tax % of each of the marginal tax brackets in which it falls.

Ask a tax accountant. Very obvious RD is not going to reply to random emails from foreigners asking them questions. Tax exempt in australia is Australia's rules. You bring that money to Thailand and are tax resident in thailand it is Thailand tax rules. Check your DTA it states who has taxing rights and may be taxed in the other jurisdiction so if it is tax free in your home country bring it to Thailand it may be taxed in Thailand.

He also looks shifty. This is a highly suspicious individual.

No, freedom of speech is important.

Exactly same in bkk. I dont know the reason why since it is only a few diff spices which should not really affect the prices the way they charge.

The best is to ask wise, since I think that is the agency which has effected the transfer and deposit by their local to local transfer. https://wise.com/help/articles/2448406/i-got-my-recipients-bank-details-wrong

Chrome is a browser. Edge is a browser (based on chrome but bing is the default search engine) Google is a search engine. If you want Chrome then install chrome browser (google is the default seach engine) If you want google in Edge browser then go into settings-privacy and search and scroll to the bottom and select your default address bar and search engine from the list.

Do people really think they can live in another country, being tax resident and not be liable to pay tax somewhere.

Some countries when a person returns home, the tax office want to see the tax residence certificate that taxes were paid on income for each year whilst one was living/working abroad. If the tax paid is lower than the home country during those years then additional tax has to be paid.