Thailand issues four major announcements on new visa measures

[NoDisplayName]

15 hours ago, jacob29 said:

By not workable, I believe they mean not workable for a certain class investors that have high turnover as part of their investment strategy. Having an effective tax rate exceeding 100% is not workable. Imagine you hold two stock options expiring a year out, one goes up 100% while the other craters to zero. You now have a tax bill for 30% on that 100% gain (or whatever your bracket is), on a net gain of $0. 

 

By workable, I mean workable for TRD.

 

Paying tax only on gains, without offsetting losses, sounds like an US problem.

 

"You pay tax, you no fly home, you!"

[Aviatorhi]

On 9/16/2024 at 11:30 PM, thjames007 said:

i think you mixing up Visas   the GWP is under the LTR not DTV.

You're right. Anyway - the visa is there for those who are worried about it. 

[chipperPDU]

On 9/16/2024 at 2:05 PM, kwilco said:

the difference being?

same as cwilko and kwilco, sounds the same but it's not.

[jojothai]

On 9/16/2024 at 10:21 AM, jojothai said:

Thailand has started implementing thecommon reporting standard.

You are required to give your TIN.

I have had to give it on two accounts here. 

It may be a few years until they agree exchanges of information on accounts with other countries worldwide, but its the next step.

FYI,

thailand has already got agreements with most countries exchanged.

Much faster than what i thought.

IMHO, It points to the possibility that they do plan to use the system, and more likely that they may implement

The change to global income assessment.