As I said: I don’t know how exactly they will organize this forward. In my thinking it would be easiest to have everybody be mandatory to file a tax report if they stayed more than 180 days - irrespective if that individual expects to be tax liable in the end or not. But my thinking isn’t always the Thai way. 😅
Yes they can. And your own country could even withdraw your passport if you have outstanding taxes. But again: from how we know Thailand so far … laws come, but are rarely enforced in an efficient way. I also believe there is still a long way to go.
That isn’t specific to Thailand. People all over the world and in all countries can “optimize” taxes by creative structures. 😉 But some of those constructs are only worth it beyond a certain threshold - due to their complexity and costs involved.
We will see how much Thailand will bother or try to enforce this. If they wanted to, they easily could. They have all the data they need. They could even deny you to leave the country if you stayed longer than 180 days and have not filed a tax return. Now, will they do so? Who knows. Maybe unlikely.
I would assume so. All the more reason why I also assume that even if one only brings money from savings from before 2024 into the country, they would still have to declare a tax return, even though then ending up not having any tax liability. But only this way Thai authorities would know how much you brought in and would get a chance to e.g. ask for proof that those money came from savings pre 2024.
I would be more than happy though if you end up being right. Cause that would mean that everybody on a DTV would not be liable for any taxes from earnings abroad as they are on tourist visa. But again, I highly doubt that.
I don’t know, Jo. I honestly don’t at this point. But if Thai tax laws state that everybody who is in country 180+ is taxable and would have to file a tax return, than that is what the law is. It wouldn’t matter at all what visa people are on. And as far as I know being taxable or not isn’t dependent on holding specific visa. But I would be open to someone prove me wrong.
Ok. Maybe. I don’t know. I would think it makes more sense if people had to do tax returns in any case, declaring all money brought in and then having taxes calculated based on what part was brought in from savings from before 2024 in one hand and from earnings in the other hand. Else, how would Thailand now if people would not even have to do tax returns?