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dual tax treaties
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Hi guys, i want to live and work in Thailand. Been trying all over Asia and amerika to find another place to be but i am always drawn back to the land of smiles. Are there any tax guys in here that could estimate roughly how much tax i would have to pay to Thailand if i make 95 000 $ USD in my home country, but bring only 45 000 into Thailand every year (through wise, all Credit cards, rent etc) ? I currently dont pay any in come tax so been avoiding living here for more than 180 days, but its now time to settle down somewhere. Thanks for any Advice if you have any.
I have heard on the 'grapevine' that the Thai is either now or in the near future planning to tax pensions from overseas and any lump sum payments to whoever in Thailand for 'Farangs' (hate that word should have said foreigners).
I heard that the tipping point for this taxation is stays of over 180 days in the kingdom in a calendar year, and would most probably impact long-stay, retirement and married-to-Thai foreigners.
Any truth to this rumour and if so to what extent and what are the implications? It seems that the money in a bank account is already a significant implementation to long stay.visas in Thailand.