interesting to know some figures there, to compare to the 4 million expats. I guess most of those thais working abroad should pay tax in the country they are working in, if there for 180+ days ?
Anyways, so why not formerly exclude expats overseas earnings in this rule change, if sincerely going after wealthy thais overseas earnings ? As this current new rule will only force those into leaving money out there until opportunity to bring it back under the radar, or will increase use of crypto to bring it back in as virtual cash. If they are avoiding paying tax, or tax 'planning' already, they will look for other ways to do so.
In the meanwhile, nonstop promotion of tourism, and "come to live in Thailand, (and tax free for some)', new visas, relaxed entry requirements and extended durations, and then kicking a load of us in the teeth with this and talk of more changes to hit us where it hurts. Plus the current persecution of foreigner's, although many deservedly so, others have just about poked a toe over the line, to allow themselves to continue to be more reasonable foreign citizens on thai soil, but could get dragged down with those with moody companies, moody visas, moody work permits, all while taking work from thais, and not paying tax too.
I only got my Elite Visa sticker in my passport 2 months ago, after paying in September 2023, as I had nowhere else to turn really. And I'm far from Elite. Had I know what lay immediately ahead, I would have made different choices. Maybe the Elite Visa handlers had some foresight which made them pull their recent price increase / membership applications stunt
Tony Morganbut 1.1 million thai's live/work abroad, and 4 million foreign expats live/work in Thailand, and the same rule applied.
Additionally, the 1.1 million that do, majority are still earning peanuts, under £12,000 per annum, which is about the minimum that an foreign expat will bring into Thailand to live on or top up their income earned in Thailand. So you really think the recent change was 'aimed at thai's using foreign income methods' ?
Tim Douglas I submitted a tax return in the UK to HMRC's satisfaction for over 20 years now. That doesn't mean to say that it is 100% of my worldwide income. And 75% of the tax returns filed by the 25% of work age thai citizens that do file returns, are under the tax threshold. However, most of my 'wealth' was 'earned and taxed' pre-covid, certainly pre-1st Jan 2024. So Tim, whats your take on what would happen if I spent 182 days in UK and 183 days in Thailand ? Or visa versa ? What happens to funds if I were to sell a UK property, both the initial capital, and the capital gains ? Asking for a friend .....😜
they could try taxing the 75% of their own work age population that don't file a tax return or pay tax, and the 25% of registered/operating businesses that don't file a return/pay tax. And about this 'Tea Money' ......
because the OP is clearly spinning us all a yarn, and suckers like you with equally low intelligence fall for his patter. Take 2 seconds to look, He spent more time here than his own country since end of 2019. He's had more visa's than a diplomat. And its insulting for him even think that some of us might not add 2+2 and see beyond what is written.
Which hospital ? Which doctor/surgeon ? Diagnosis/illness ? Reason not to travel ?
Has anyone used promptpay or qr codes ? No, never. I've been in a coma for 15 years, completely unconscious and asleep to the advances of the outside world.
but you are 'in', so don't take it so personally. Look at how they deal with external forces, like animal rights, gay rights, human rights. They don't talk to anyone unless it benefits them. They don't care about the outside world. Hardly any of them go out there 🙄
again that's a little extreme, but I understand where you're coming from, it's not cool, infact it's ridiculous, but we all know it's not fact until its in the gazette. The fact that it wasn't in the gazette, was a big clue. We've seen the Elite Visa Program relaunch their products overnight, in a heartbeat, with big changes, nothing positive to new and existing members, and upto 100% price increases, and this after months of rumours, with no official statement from anyone before hand, so potential buyers all holding back, trying to judge if and when any changes would happen, and the result, based on the changes, was that NOBODY would proceed to buy, they lost thousands of potential buyers, that WOULD have made the purchase if they had some information, so lost 'sales'. Then existing members had lost contracted benefits, and a class lawsuit was immediately forming, some sending their membership cards back to Elite in disgust, and within a week or two maybe, Elite had to go back on itself, do a U turn, and offer deadlines for action, having revealed all by now. A real shit show. And very relevant, as Elite Visas are now not much more special than the various new visas offered, which are considerably less expensive. The release of information is badly managed. The plan of execution also. Too many departments, bodies, authorities, divisions.