Thai tax

[sandyf]

For the last couple of years the noise on Thai tax has been quite deafening, but recently more like the sound of silence.

Scrolling google news yesterdy spotted the following statementin an article.

 

"There was concern earlier this year that the DTV may entrap holders into paying personal income tax if they remained here more than 180 days in a calendar year. However, the Thai finance ministry recently claimed that income transmitted to Thailand would be tax-free if sent in the same, or next, tax year in which it was earned. However, such a decision requires ratification from the Cabinet and the Council of State, whilst avoiding the need for routine parliamentary approval. The hope is that any amendment to financial regulations would be back-dated."

https://www.pattayamail.com/latestnews/news/thai-banking-issues-leading-to-dtvs-increasing-popularity-514344