neil324

No, its 20 years, check google or HMRC.

Like all other countries, nothing. But I assume the tax department will do targeted checks on individuals at any time they choose using the CRS and immigration status. Anyone checked, found to be evading tax will then face what ever happens in Thailand. But in the UK, they go back 20 years. It's assessed tax owed, plus upto a 100% fine, interest at 6% per annum compounded and they will bankrupt you for this money and after in servere cases jail you.

The rumours are the UK are going to U turn on the non dom tax changes. The penny has dropped that wealthy people can just jump on a plane and say up your's. If thailand goes ahead and I think they will, the exodus will be massive and less people will retire there in future.

Hang them from a rope. A child rapist wasn't even given a prison sentence recently. The jails full with people writing nasty words on the internet according to the judge.......

Waters is a <deleted>$er!

The interest paid in 2024 will be income earned in 2024, so will be taxed in 2024 and every year after. The fact the capital/savings accured before is not relevant. No country taxes people on savings, that would be a wealth tax. The fact money has accured does not sheild any yeild it generates from income tax, you would need a tax wrapper like ISA's in the UK or a pension.

They can shove that where the sun don't shine. 179 days or less or maybe nothing for the me then.

Nearly all other countries tax global wealth. So seems fair in that respect. The problem is, Thailand has grown, being the way it is. That has now changed, in a massive way. What will the affected do about the change.

Seems to be targeting people on fixed incomes. The wealthy can just bring money accured before 2024. Anyone receiving income hand to mouth, gets rinsed.

I was confusing it with the previous rule. Very hard to see this being positive for economy.

It's 35 years, https://www.gov.uk/new-state-pension/your-national-insurance-record-and-your-state-pension

UK pays a full state pension with 35 years of NI contributions. Also a UK resident with 0 years NI contributions can get Pension Credit, which is the same amount as the state pension.

So it's either 2 years of seasoning income before remitting into Thailand or spend 179 days or less in Thailand. Whats the criteria for filing a Thai tax return. Do you still have to file, if no tax is due? When you become a Thai tax payer, what do you get in return, other than access to the country? Free healthcare, state pension, social security?