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.
just as an extra comment, Bangkok Bank already have my TR from last year as that was a requirement when I opened my bank account at that particular branch.