Gold is the best defence against governments that debase their currency by printing money.
I remember about 10 years ago buying Thai gold for 19,000 per baht. Now, it is about 45,000 per baht.
OTOH in Thailand, over those ten years condo prices have stayed static, or even declined in places like Chiang Mai.
I have been trading in gold for 50 years. I have never lost money. All I have to do is wait.
The Thai revenue code has no specific provisions relating to foreign income.
However most DTA's, including the Australia / Thailand one, have what's known as a non discrimination clause. That means Thai and foreigners are treated the same for tax collection. Therefore, the income equivalents, in terms of social security are exempt for Thais; and remitted social security is exempt for foreigners.
The TRD offices, based on multiple real world reports, are simply considering the Australian Old Age pension social security ( which it is) , therefore exempt for tax in Thailand.
Nothing absurd about it. Makes sense.
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