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What are your experiences with the new tax laws?????
The first thing to do as tax resident foreigner in Thailand, is to check the DTA (Double Taxation Agreement) between Thailand and one's home country. Find the clauses that fits your income that are brought into Thailand. It's said that the DTAs are quite different from country to country, so the only general rules is: You are not being double taxed, but you will be taxed the highest income tax in question. Some DTAs might exclude taxation of retirement pension in Thailand, if the pension is already taxed in one's home country. In another thread (link in post above), a big boss in a local tax depart said that such pension shall not be included in one's tax report. Money that are brught into Thailand, which is not proven savings from 2023 or earlier, and not already income taxed, are taxable in Thailand. That money also includes ATM-withdrawals on foreign credit cards, according to an ASEAN NOW-news story. You have a personal deduction of 60,000 baht and other deductions depending of age and expenses. And the first 150,000 baht income after deductions is not taxed. So, for most of us with lower foreign transfers – and especially with some of the income already taxed in our home country, like retirement pensions – the Thai income tax will be between 0 and very low. The common practise is that you don't need to file an tex return form, if you have no taxable income; however, it is possible to file a 0-taxable foreign income in the form. My Danish home country's tax department issued me a statement in English, where they state that my retirement pension are fully taxed by them. I had an uanounced visit from a kind Thai tax-officer that accepted this statement, and she also saw another letter from my home country's tax department, in where they had issued a receipt for previous three years income tax. The officers only comment was a surprice over the very high tax I had already paid... -
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Thailand's Tourist Boom: 4.8 Million Visitors So Far
Photo courtesy of The ASEAN Post Thailand's tourism sector is thriving, with 4.8 million international visitors entering the country from January to February 9th this year, according to Tourism and Sports Minister Sorawong Thienthong. This bustling travel scene has significantly boosted the economy, contributing an impressive 234.9 billion baht in revenue during this period. Leading the pack are Chinese tourists, totalling 825,617, followed by travellers from Malaysia, Russia, South Korea, and India. The re-emergence of tourists after worldwide travel restrictions is being met with enthusiasm in Thailand as these numbers mark a hopeful sign of recovery. In recent weeks, there has been a notable increase in arrivals from long-haul markets such as Russia and France, credited to strong promotional efforts, additional flight routes, and school breaks in these countries. However, short-haul markets like South Korea have seen a slight dip post-Chinese New Year, attributed to local issues impacting travel decisions. The fascinating mix in tourist origins paints a dynamic picture of Thailand's global appeal. Despite a minor weekly fluctuation, the steady flow of visitors averaging 119,630 daily highlights Thailand’s irresistible charm and strategic hospitality initiatives. The Thai government is gearing up to sustain these impressive figures with upcoming promotional campaigns and events, like the Amazing Thailand Grand Tourism and Sports Year 2025. Moreover, ongoing safety assurances aim to maintain confidence among tourists, particularly from China, despite lingering concerns from a recent trafficking incident involving Chinese actor Wang Xing. Looking ahead, Thailand is not only focused on maintaining its allure but is actively enhancing visitor experiences to meet an ambitious target of 35.5 million tourists next year, 6.7 million of whom are anticipated to be from China. The nation stands ready to welcome and wow visitors with its scenic beauty, culinary delights, and rich cultural heritage, reported The Thaiger. -- 2025-02-13 -
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Xi Raises Concerns Over Thai Casino Project, PM Defends Plan
How about crime related to Chinese scammers with online gambling or Chinese Casinos operating quietly? -
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Pattaya's Pedestrian Perils: Crumbling Walkways and Traffic Chaos
Basically I think you are irrelevant buddy.. -
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The blame Trump thread
It is what else Musk is pulling of Trump's that really concerns me! -
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US Economic Perception vs. Reality: How Government Data Misled Voters
There are lies, damn lies, and statistics (Winston Churchill).
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