Will Thailand really tax worldwide income for residents starting January 2025?

@Elías *******

maybe I worded it badly. They are working inside Thailand but for a remote entity. That sounds to me like they are liable for Thai tax as they are generating their income inside Thailand

@Karst **********

they already (from /2024) tax overseas income if you bring it into Thailand in a year where you are tax resident. So if you spend 180 days or more inside Thailand in any calendar year then you have to pay tax on any income you bring in to Thailand. There is a proposal to change the thai tax law to tax Global income, not just income brought into Thailand, but at the moment that's just a proposal

@John *********

so oke as long as you keep your income on your european / non thai bank account you'll be good ;-) honestly i think anyone bringing income into Thailand to be taxed is not so wise...better keep capital outside if you can

@Karst **********

yep if you can show that the money you bring in to Thailand was money you had accumulated prior to /2024 it will be classed as savings and not income

@Graham ******

Selling the shares of your company or selling (part of your personal) real estate isn’t taxed in my country. So I do worry about it.

If we only need to prove the money was already for several years in a savings/investment account, then it won’t be much of a problem.

@Graham ******

You keep pushing that bloke as some expert. He was selling s financial products from dodgly companies from a one room in office a few months ago. He really has sold you the fear on this. Bedwetting much?

@Graham ******

Nope, unless the money are transferred to thai bank account, no taxes. Thanks for the funny insult tho :)

@Graham ******

You mean this tax annoucement in her 10 point policy plan "4. Collect tax from informal and underground businesses: The proceeds can be allocated for education, public health and utilities." Genuine question - what is it like being a full on pessimist?

@Graham ******

Did you read it in the original Thai? I will get someone to do this. Second hand hack reporters in English does not cut it

@Graham ******

Sweet FA to do with the global taxation policy and government support for it. Stop posting nonsense.

@Graham ******

Link please. So a new law will need to be passed starting in 2025 for tax returns in 2026. Enough time for the bedwetters to leave.

@Greg *******

The worst is that Thai Visa .com always writing about crackdowns lol, so i stopped looking at it, Same with these so called expat advisers,

@Paul *******

ThaiVisa (ASEAN Now) been grumpy old expat whingers for 25+ plus years. So many bitter losers on there it is laughable. Half of them hate Thailand but are stuck. Misanthropes United.

@Greg *******

Can think of worse places to be stuck lol I've been here over 20 yet still love it to bits ;-)

@Paul *******

I have been coming here 30 years. This is my 2nd time living here. Worked twice here as well as on retirement visa. Have an interview with a CEO on the 23rd as approached again about working. Had 10 years in Singapore and 4 in Belgium working. Had the life of Riley really and not going to worry about tax till it is implemented. I have paid tax the last 5 years in Thailand - it is not an onerous form to complete compared to UK, Belgium or singapore

@Graham ******

High Net Worth individuals have real tax advice - not from an unregistered unqualified ex Financial Advisor 🙂 They will go same route as you - LTR is they want long term here depending if retired or not etc. Working here is different and there are options. As for others on non-O such as retirement or spousal visa I would wager less than 5% if they know about it are going to get a TIN and complete a tax return next year. I wager if I went into the bar in Pattaya where I watch the football and asked about it I would get baffled looks or guffaws. Until the Immigration and Tax Departments are working together I cannot foresee much take up. As for taxation on global incomes I also think that is a stretch. Yeah, the elite Thais are gong to vote on giving them taxes on earnings outside Thailand. Where is Thaksins money located these days? One person from the revenue department has mentioned drawing up proposals - where has any government minister said this is policy?

@Graham ******

Go somewhere with OECD 😃 Thai vote means nothing lol.....no country can vote and force another country to give personal tax information about own citizens lol :D

@Daniel ******

He is wandering now like Trump yesterday. Claiming the Digital Wallet is being filled with expat tax money. He has jumped the shark now. Full on ASEA Now delusion. The Leo & Chang Bar talk is full on

@Daniel ******

Try getting information out of Singapore for example. Thailand are both members of ASEAN but they do not have an extradition treaty lol - that is how far the trust goes.

@Greg *******

Yea, this dude is claiming he knows it all, throwing words around, not understanding a single thing about those treaties and agreements. He really is bored old dude angry on people getting cool long term visas easily. I tried to educate him, but he does not want to even read description of the agreements he is mentioning. He is stubborn as a kangaroo :D

@Daniel ******

It seems he does not know about Thailand and Extradition Treaties either. To be honest I think you may be correct - he knows sweet FA about Thailand at the end of the day. Reads some marketing rubbish put out by dodgy financial advisors and wets the bed

@Graham ******

The discussion is about tax and taxation of global income. It is NOT about casinos or digital wallets. Why are you going off on a tangent? If you are lonely and need to chat go to a bar and talk to a tart for drinks

@Graham ******

You really need to lay off the pipe. You've been pushing your bulls**t for months. No retired expat will be taxed, and any that are silly enough to file a tax return can just suck it up. I most certainly won't be as I don't want to waste the Tax Office time and resources. I don't have a single baht to pay in tax here so there's no point! Go suck up to your wonderful tax advisors who are just out touting for business. Look at this garbage:-

@Graham ******

More nonsense from you. Are you a complete fantasist making this up on your own or is it the bar talk in the Leo and Chang drinkers club you attend?

@Greg *******

He also calls the DTV visa out, using different slurs, he despise it and people who have it. Pure jealousy out of old salty man. Suddenly he can't flex his whatever complex visa he was getting earlier 😃 They broke his toys and now he is angry haha

@Daniel ******

There are a few older expats a bit salty about the DTV - I do not know why. Mind you I know a few middle class Thai professionals not happy about it as well - think it is too lax

@Greg *******

I always find it amusing when foreigners living in Thailand or Vietnam feel so entitled to criticize the rules and laws of those countries, as if they have any right to do so. I found that especially in Thailand do that a lot, thinking they own the country or what.

@Daniel ******

It tends to be a certain demographic. I have worked in a few countries and most the time the expat working professionals did not take much notice of what was going on locally unless a major drama. Work, get paid, have fun.

@Graham ******

Well shows you how little you actually know then about the country you reside in. The UK Siam Extradition Treaty goes back to 1912. Thailand has extradition treaties with well over a dozen other countries "Currently, the following countries have extradition treaties with Thailand include Australia, Bangladesh, Belgium, Canada, Cambodia, China, Fiji, Indonesia, Laos, Malaysia, Philippines, South Korea, United States of America, and United Kingdom; Hungary and Russian Federation were recently added to this list..

@Graham ******

Next you will be telling us Soros, The Rothschilds and the WEF are pushing it!