I am not from the US and in my country we don’t ’collect capital gains’. We pay capital gains tax on investment returns. Why would that be a taxable event in Thailand when I have already paid tax in my home country. We have a DTA.
Your first response seems to apply to the old rules,no? Capital brought in earned in the previous year did not attract tax, but it does now.
Income vs Capital? Ok I appreciate that you don’t have an answer to that.
I still don’t understand how the Thai Tax Authority is going to keep track of all of this. In my case, I would then have to supply them with tax returns for the last 25+ years. And, as I said, they would have to employ half of Thailand to review all of this stuff.