New tax proposal

[Kevin1908]

Is there any truth in the following story I was told by a Thai person. Any money by way of savings or pension will be taxed if you stay more than 180 days in any fiscal year.  "Have you Read about the proposed tax changes in Thailand. If living here for more than 180 days in a fiscal year, money you bring into Thailand will be taxed. Even moving savings into Thailand is counted as income and taxable. That’s absurd. WOW! " Tell me the Thai authorities aren't that insane.

[noobexpat]

That thai person speaks good english.

[Kevin1908]

"That thai person speaks good english." That aside, is this story <deleted> or not. And that would be English not english and Thai not thai. I hope you aren't one of those foreign teachers working in Thailand.

[jts-khorat]

Maybe just about the most discussed news item on this forum; do we need another thread about it?

 

Yes, this story is true. No, the revenue department has not offered much detail on how this will be implemented, so there is endless guesswork (as usual).

 

I guess whatever else might interest you is answered here, insofar as possible: https://aseannow.com/topic/1306896-thai-government-to-tax-all-income-from-abroad-for-tax-residents-starting-2024/page/188/

[Kevin1908]

I only come here rarely so I knew nothing about it. I will pay more attention in future. Given that the Thais can't implement a compulsory travel insurance scheme then I don't see this going anywhere soon.

[stat]

29 minutes ago, Kevin1908 said:

I only come here rarely so I knew nothing about it. I will pay more attention in future. Given that the Thais can't implement a compulsory travel insurance scheme then I don't see this going anywhere soon.

Maybe yes maybe no, make sure you are prepared and aware if the s... hits the fan and they tax every satang you have send into Thailand maybe not very likely but then again you could lose a lot. Godspeed!

[Crossy]

Let's continue in one of the myriad other threads on the subject.