Thailand Opens One-Stop Investment Hub to Attract Expats and Investors

[NoshowJones]

1 hour ago, JJ-Thailand said:

Thailand could have a great future but only if they make political changes that are too sensitive to mention here.

This Banana Republic is far too Militaristic and will never change. Soldiers and more soldiers always around the governments. Get them back to their barracks and parade grounds, that is all they are good for.

[MarkT63]

Invest in Thailand? 🤣🤣🤣

[black tabby12345]

 PM Shinawatra highlighted the facility's role in fostering economic transformation through advanced technology and innovation.

 

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How can she count on What They don't have?

[black tabby12345]

28 minutes ago, MarkT63 said:

Invest in Thailand? 🤣🤣🤣

 

No more than the amount needed for Retirement O(and its extension).

[Ben Zioner]

9 hours ago, BangkokHank said:

My tip to the Thai government for attracting investment and expats: Don't tax them/us.

But that's exactly what they do. 

 

No tax on overseas income.

 

17% flat tax on highly skilled workers who have an LTR visa.

 

Where did you get that lack of information from.

[BangkokHank]

2 hours ago, Ben Zioner said:

But that's exactly what they do. 

 

No tax on overseas income.

 

17% flat tax on highly skilled workers who have an LTR visa.

 

Where did you get that lack of information from.

Haven't you heard about their intention to start taxing the inward remittances of expats living here? And even talk about taxing the worldwide income of foreigners who live here?

 

P.S. - It is not possible to name a source for a lack of information.

[Ben Zioner]

1 hour ago, BangkokHank said:

Haven't you heard about their intention to start taxing the inward remittances of expats living here? And even talk about taxing the worldwide income of foreigners who live here?

 

P.S. - It is not possible to name a source for a lack of information.

Sorry, but you really made me laugh.

 

https://ltr.boi.go.th/

 

[ThailandRyan]

13 hours ago, lordgrinz said:

 

My tip to investors, don't invest in Thailand.

Made plenty of money in Thailand over the years. You just need to do your due diligence. ..

[Airalee]

I’d prefer a  “One Stop Divestment Hub” myself.

 

Thanks.

 

Signed….a former 11 month resident who is now on the second year of being a 17x day resident.

[whiteman]

Buy gold

[BangkokHank]

20 hours ago, Ben Zioner said:

Sorry, but you really made me laugh.

 

https://ltr.boi.go.th/

 

I'm glad that you are so easily amused.

 

You are still evading the issue. Has Thailand declared its intention to start taxing the inward remittances of foreigners who don't work but nonetheless stay in Thailand for more than 180 days per year, yes or no?

 

Here's what Perplexity AI has to say to my question:

 

Yes, Thailand has implemented significant changes to its tax regime regarding foreign-source income remittances for individuals staying in the country for 180 days or more per calendar year. Here are the key updates:

Current Rules (Effective January 1, 2024)

• Foreign-source income (e.g., employment, business, or passive income like dividends/rentals) brought into Thailand is now taxable, regardless of when it was earned

• Previously, only income remitted in the same year it was earned was taxed

• The new rule applies to:

  • Thai citizens;

  • Foreigners residing in Thailand for ≥180 days in a tax year;

  • Tax residents who filed returns in prior years

Tax Rates

Income is taxed progressively, with rates ranging from 5% to 35% based on brackets (e.g., 0% for ≤150,000 THB, 35% for >5M THB)

Future Proposal (2025)

A draft amendment to Section 41 of the Revenue Code may further expand taxation to worldwide income (even if not remitted to Thailand) for residents staying ≥180 days

Key Considerations

• Unremitted foreign income (kept offshore) remains untaxed under the 2024 rules

• Deadlines: Tax returns for 2024 income must be filed by March 2025

These changes aim to align Thailand’s tax system with international standards but may increase compliance burdens for expatriates and investors

[Ben Zioner]

56 minutes ago, BangkokHank said:

I'm glad that you are so easily amused.

 

You are still evading the issue. Has Thailand declared its intention to start taxing the inward remittances of foreigners who don't work but nonetheless stay in Thailand for more than 180 days per year, yes or no?

 

Here's what Perplexity AI has to say to my question:

 

Yes, Thailand has implemented significant changes to its tax regime regarding foreign-source income remittances for individuals staying in the country for 180 days or more per calendar year. Here are the key updates:

Current Rules (Effective January 1, 2024)

• Foreign-source income (e.g., employment, business, or passive income like dividends/rentals) brought into Thailand is now taxable, regardless of when it was earned

• Previously, only income remitted in the same year it was earned was taxed

• The new rule applies to:

  • Thai citizens;

  • Foreigners residing in Thailand for ≥180 days in a tax year;

  • Tax residents who filed returns in prior years

Tax Rates

Income is taxed progressively, with rates ranging from 5% to 35% based on brackets (e.g., 0% for ≤150,000 THB, 35% for >5M THB)

Future Proposal (2025)

A draft amendment to Section 41 of the Revenue Code may further expand taxation to worldwide income (even if not remitted to Thailand) for residents staying ≥180 days

Key Considerations

• Unremitted foreign income (kept offshore) remains untaxed under the 2024 rules

• Deadlines: Tax returns for 2024 income must be filed by March 2025

These changes aim to align Thailand’s tax system with international standards but may increase compliance burdens for expatriates and investors

Yeah, everybody knows about the income tax changes, and that since October 2023.

 

But my point was that BOI offers income tax exemptions for those willing to settle with serious money, and some of their requirements, Health Cover with a 80000 USD pension for instance, are very reasonable.

 

This is indeed very consistent with their policies of attracting foreign money. 

 

Now I hope this helps, so that you can apply for one of their visas. Really you should try, as the BOI people are extremely pleasant to deal with.