Proposed Changes to Thailand Tax (It's not good)
HTML-код
- Опубликовано: 11 июн 2024
- Thailand is considering making major changes to the way it taxes residents, including expats who reside in Thailand. This is on top of the already announced changes to the way foreign sourced income is to be taxed from 1 January 2024.
Now there are reports that The Thai revenue department is considering fulling scrapping Thailand's territorial tax status and moving to a full residency based taxation system where all income and capital will be taxed in Thailand regardless of where it is earned and whether or not it is remitted into Thailand. It is just a proposal at this stage but still something all expats should have on their radar as it would make a huge difference to the way foreigners are taxed in Thailand.
To learn more about how you can move, invest, and do business in Asia:
offshoreinasia.com/
Interested in moving to Southeast Asia? Check out our premium guides on how to do it - Visas and money, Culture and dating, Safety and scams, Language and locations, Taxes and more.
👉 offshoreinasia.com/shop/
👉 Follow us on Twitter/X: / offshoreinasia
👉 Follow us on Facebook: / offshoreinasia
👉 Follow us on Instagram: / offshoreinasia
--------------------------------------------------------------------------------------------------------------------------------------------------------------
These are some of the products that we use while traveling, and you may find useful as well.
👇 For competitive rates on international money transfers:
wise.prf.hn/click/camref:1100...
👇 For travel medical insurance designed by nomads, for nomads:
safetywing.com/?referenceID=O...
👇 For proof of onward travel without having to buy a full ticket:
onwardticket.com/offshoreinasia
👇 For cheap worldwide data on your phone, try an eSIM:
go.saily.site/aff_c?offer_id=...
👇 For crypto self-custody, use cold wallet storage:
shop.ledger.com/?r=c4181c3ef4d8
👇 For secure offshore gold and silver vaulted storage:
www.bullionstar.com/?r=979
👇 VPN service to keep you secure while online, or to access your home Netflix:
go.nordvpn.net/aff_c?offer_id...
👇 Secure password manager:
go.nordpass.io/aff_c?offer_id...
👇 If you want a good app for learning Asian languages:
ling-app.com/ling-affilate/?r...
DISCLAIMER: This video is not professional advice of any kind. The purpose of this video is for research and entertainment only. It is your responsibility to do your own research and verify the accuracy and timeliness of any information that we provide, and to obtain the services of a professional if necessary. If you wish to obtain professional advice from us, you need to first formally engage us to provide services.
#thailand
There is one family who won’t pay any taxes no matter what the new tax law will be
i have already gone mate. I left after 172 days in Thailand this year. Be back in January. Vietnam is great by the way.
179 days and I'm out.
My Thai bank interest is eaten up by Thai tax withheld and ATM fee. My world income is 99.99% Canadian and already taxed. I will not pay any income tax to Thailand and will change to tourist visas split between several countries.
I will certainly avoid Thailand and advise everyone I meet to avoid Thailand. Who ever thought this idea up is out of touch with the drawbacks.
Changed my mind about getting a retirement visa and living in Thailand. No way!
6 months bounce this tax will destroy Thailand
Andorra 10% flat tax in the center of Europe. You get permanent residency can own property.
If you pay tax then you should get medical for free
It used to be, tax is paid where the money is earned. My pensions are tax free. Now that Thailand plans 25% tax on that pension I have to leave. I have no deductions. If I go home I get free medical and hospital services and other aged assistance.
What retiree needs extra legal bullshit and complications regarding taxation?
Anyone would think they don’t want foreigners moving there
For the sake of getting 10-15% tax from foreigners they will loose out on 70-80% of their income being spent on living there.
This is going to hurt my Thai partner and her family....
Stop spending any disposable money in Thailand.
Really disappointing. Two tax returns will be a total nightmare.
oof imagine buying the elite visa after the fees rose, then being copped with this news
I suspect there will be a massive boycott of the new laws, either buy staying under the 6 months per year, by abandoning Thailand completely or just refusing to deal with the bureaucracy.
I predict a lot of empty condos come november
I would not mined paying some tax but what do i get in return, nothing, Philippines here i come.