Thai tax riddle: Elite Visa holders off the hook?

[Ben Zioner]

20 hours ago, thaiowl said:

What about Permanent Residents? Will they be exempt? I doubt it.

You forgot to mention recently naturalised Thai subjects...

 

Maybe some more generous exemptions, for ALL pensioners and families ?..

[bristolgeoff]

I know the elite card gives you a personal person to greet you at the airport and escort you.Visa stuff may be easier sometimes.But is it worth it  that is up to the holder.The tax issue coming in so much talk about it no one knows exactly how it will work.The eta visa entry is held back again,just like the phillpines you get the visa at the border but u appl;y for the entry  before hand.So no big deal just telling them you are coming soon.It is free  and you telling them this is me and i will be there soon

[Karma80]

21 hours ago, JBChiangRai said:

I was met by thai privilege co. this morning who escorted me through checkin etc.

 

She confirmed sales of Elite Visa’s have dropped off a cliff.  

Dropping PIT to wealthy Elite Visa holders would seem like a good opportunity to kick-start sales again, IMHO.

If you're really wealthy, get an LTR, which has no tax ambiguity. Thai Elite may have done its day at this point. Between DTV and LTR, I would be surprised if the Thai Elite company could survive. It was already unprofitable, which gave rise to the recent price hikes.

[EVENKEEL]

The only folks talking are paranoid foreigners and foreigners trying to make a buck off this. I've yet to hear of anything on any Thai news stations about this. Odd init. 

[KimchiCurry]

4 hours ago, Karma80 said:

If you're really wealthy, get an LTR, which has no tax ambiguity. Thai Elite may have done its day at this point. Between DTV and LTR, I would be surprised if the Thai Elite company could survive. It was already unprofitable, which gave rise to the recent price hikes.

Thai Elite took a huge loss with the new DTV and the new prices of the Elite.

 

Only a matter a time for them to go bankrupt unless they do something (add the tax exemption to revive the program).

 

Big Money will go for the LTR visa which is a great visa (no 90 days report, tax exemption)

 

TAT being TAT, only the future will tell. 

[KimchiCurry]

6 hours ago, papersource said:

I have spoken to two middle managers at Thailand Privilege over the last 3 months, and both confirmed that they are trying to get this tax exemption for us. One said the they hoped to have something for us by year’s end. But whether they succeed or not is anyone’s guess at this point. 

 

With the new government newly in place. It's gonna take some time. Probably in 2025 IF it ever happens. 

[RandolphGB]

Nobody is dodging anything by paying 1m Baht + for a visa. 

[Jenkins9039]

On 9/28/2024 at 2:24 PM, AhFarangJa said:

According to an article about three weeks ago, Thai tax lawyers stated it was against the constitution to access foreign accounts, and that to change this law would take years. I guess that is in place so all the rich people can salt their wealth abroad with impunity.

Probably get around it with CRS.