I'm more of a middle ground person at the moment.
There is a lot we don't know yet about enforcement and also a number of important technical details on the actual rules of the system.
But I will say this about enforcement.
Up till now, retired expats living only on remittances didn't think about Thai tax, getting a TIN at all.
That was when the LOOPHOLE rule was money remitted from previous years to the current year was not accessable.
But think about this for a moment.
What percentage of retired expats do you think DID remit money earned in the current year?
My guess is 75 percent or more.
Weren't they in violation of Thai tax law?
I think, yes, absolutely, they were, but it was completely off the radar because of NO ENFORCEMENT.
It would have been totally insane to even try to go in to pay tax on such remittances before now.
So you see, this is much more of grey area than you're presenting it as.
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