Thailand as home, roaming the world tax free - the pipe dream

[ronnie50]

15 hours ago, Everyman said:

 

Part of the problem is that the thai tax code is too primitive to exploit these kinds of clever loopholes - it doesn’t have them. It even taxes capital gains as normal income. 

Interesting about capital gains. In my home country, if you are non-resident, interest earned on term bank deposits is not taxed at source there. It's by design - national legislation - because it's what they consider a benign 'armslength' transaction in which the non-resident had no activity. So Thailand shouldn't have any right to tax it either - or maybe they would - we'll find out at some point.. 

[roquefort]

3 hours ago, newbee2022 said:

As far as I know EU members have to pay taxes to their home countries wherever they live.

Probably best not to comment unless you know what you're talking about.

[jwest10]

18 hours ago, ronnie50 said:

Not naive, but you're right, I should have said "wealthier expats" or "more well-off expats". It's that upper-middle-class expat I was thinking about - the 4-5 million baht a year types. The yacht reference was a jibe.

Most I am sure would not get this amount and maybe just over  550K and may just go over it.
And  many have no rent to pay as the homes all paid for, which helps a little.

In any case what new forms?

[Airalee]

1 hour ago, ronnie50 said:

Some posters above say there are lots of 6 month leases available. That's never been my experience. But maybe.

it’s not a “maybe”
 

Go to Facebook market place and do a search for “6 month” there are places.

 

Look on hipflat.  There are places.

 

Talk to agents.  They will have no problem finding you a 6 month lease.

 

or…just make an offer on one of the thousands and thousands of empty units that are asking for 12 months and you may find an owner who is willing to take 6 months just to get a warm body in there as it’s better than sitting empty.

 

FWIW….I’m currently on a 2 month lease in Da Nang and own my condo in BKK.

[Airalee]

1 hour ago, ronnie50 said:

Interesting about capital gains. In my home country, if you are non-resident, interest earned on term bank deposits is not taxed at source there. It's by design - national legislation - because it's what they consider a benign 'armslength' transaction in which the non-resident had no activity. So Thailand shouldn't have any right to tax it either - or maybe they would - we'll find out at some point.. 

this should clear things up a bit

 

https://taxsummaries.pwc.com/thailand/individual/income-determination

[newbee2022]

3 hours ago, roquefort said:

Probably best not to comment unless you know what you're talking about.

Better for you to shut your gutter if you don't have anything to say.

[MartinBangkok]

8 hours ago, Wake Up1 said:

He could have gotten the 10 year LTR visa for 50,000 baht and not paid any taxes in Thailand for worldwide income. Two hours to spare- Nice story. 😊

He wanted the LTR,but the turnover of his Foreign employer wasn't high enough.

[ukrules]

8 hours ago, john donson said:

so people here are willing to sign and pay long leases of 12 months and be here less then 6? and do the same in other countries?

 

Yes, I currently have two leases on the go in different countries.

 

[Everyman]

13 hours ago, Wake Up1 said:

He could have gotten the 10 year LTR visa for 50,000 baht and not paid any taxes in Thailand for worldwide income. Two hours to spare- Nice story. 😊

 

Nobody pays taxes to Thailand on worldwide income because Thailand doesn’t do that. 
 

What it does have is mouthy officials who love to announce things that never happen. And foreigners that believe them for some reason.