thomasfielk

Try the Davidoff instant coffee, I think its pretty good, and just add sugar/milk.

You could in theory spend less than 180 days in Thailand in 2025 and remmit as much funds as you want tax free, and then come back in 2026 to spend it?

So employees of BOI sponsored companies only pay 15% flat tax? Seems even better than the LTR Highly Skilled Proffesionals at 17%!

Hello Mike, My apologies in advance if my question is dumb, however lets say I transfered X amount of assesable income in June, at which point I've only spend 140 days in the country. If I spend more than 180 days in the country this year making me a tax resident, would I need to pay tax on that money even though when I transfered it I was not a tax resident yet (At that exact point in time)? Or it will be retroactively included in the total tax liability, since you are tax resident for a specific year, not for specific months. My guess is yes, but I went to get a tax ID number last week and I was told to come back when i've spent more than 180 days in the country already and have remitted assesable income.

Just out of curiosity, what is this flat 15% tax rate? Is it for specific occupuations?

If I am not mistaken, a lease with a validity over 3 years that is not registered at the Land Office is basically invalid. For example if the bank takes the owner's house/villa/land because it is not registered at the land office your friend will lose access to the place he leased.

Right, i forgot to mention that I would like to make this investment to eventually qualify for the LTR Wealthy Global Citizens as part of the 500k USD investment criteria. The LTR sites states that as long as you have a Land Lease or a Usufruct that qualifies you.

Hello, I'm interested in purchasing a townhouse in Bangkok, however I as a foreigner obviously can not own the land. Is it possible that somehow the House and Land gets splitted, and I buy the house and my girlfriend buys the land? One lawyer I saw tell me if its already constructed its not possible, you can only do that before/while building the house. The other lawyer said its possible if my GF buys the house and land, and then sells me just the house, but honestly this option has several downsides - seems dodgy, would involve a lot of extra fees and it seems odd.

I'll see if I manage to find one on Google and report back. Hopefully it will be tax free in Thailand, so the house she wants to purchase doesn't end up costing 30% extra because of tax, in that case I guess we will keep renting lol

Is there a particular tax expert/CPA that anyone can recommend in Bangkok for a paid consultation?

Hello Mike, First of all, I would like to thank you for putting this guide together, I actually read it earlier today. However I do have a question regarding the following information: " Pay attention to assendents and descendents, your girlfriend is neither. Also, why Gift money that has already had tax paid on it, there is no need." That's correct, however I believe it would be tax free under this rule: 43) c) Maintenance income derived under a moral obligation or gifts made in a ceremony or on occasions in accordance with established custom from persons who are not ascendants, descendants, or spouse, in the amount not exceeding THB 10 million throughout a tax year. We are not married, so I should be able to gift up to 10 Million Baht Per year. The money is already taxed abroad since it was dividends from a company that I co-own with other shareholders + salary I have saved up. And instead of sending it from my bank account abroad to my thai bank account(and having to pay taxes since it would then be remitted income/savings), and then gifting it to her through a local bank transfer, I was wondering if I can gift it to her directly from my foreign bank account to her local bank account here. Would that work and is it above board is the question? I got a consultation with a lawyer last week who told me ''Don't worry about it, sounds good to me'' but I wanted to get a second opinion. "Note: Only funds that are exempt from Thai tax or funds on which Thai tax has already been paid, can be Gifted. It is not possible to Gift funds that are assessable income, in order to avoid Thai tax." Foreign earnings/dividends which are kept abroad and not remitted to Thailand are exempt from Thai tax so it should be fine?

Hello, As far as I understand I can gift my thai girlfriend up to 10 000 000 THB Tax free, or up to 20 000 000 THB Tax free if we are married. Does that apply only for funds that are already in Thailand or I can gift her 7 000 000 THB from abroad so she can buy a house in Thailand? The money was already taxed abroad at around 18-20%, and I'm wondering if I can gift her exactly 7 Million baht and she won't need to pay tax here, or I would need to gift her more to cover for taxes?