So, if I am under the threshold I could not even get a Thai tax id even if I wanted one? I guess my few baht interest on my Thai bank account don’t qualify?
I was unter the impression that for now in order to get a Thai tax id one would need to demonstrate to have income from within Thailand (either by working in Thailand or by getting passive income from within Thailand like interest rate or rent). But my info on this might be outdated.
yes. For now the requirements to get a Thai tax idea are clear. In fact right now it would hardly be possible at all to get a Thai tax id for the typical DTV holder. I expect things to change and be adjusted to the new realities.
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.