ATM card and condoms

Want to make a small fortune in Thailand huh?

Best way is to take a large fortune and the rest will take care if itself

@Nick ***********

bringing money saved from overseas will not be taxed.

Stop listening to bar talk

@Craig *******

when you start with the scrappy attitude, you get it back with tax.

Giving "advice " without actually reading the relevant tax code is pretty stupid.

I do think Thailand is heading down a dangerous slope and will lose more money than they will make with the new taxes.

Many expats have already left because of the increased demands (not just in terms of tax).

So, as an example, gov wants to start taxing foreign income of say $1,000. Let's say 5%. So they would make $50.

But if an expat says enough is enough, and leaves, the economy loses $1,000 of foreign inputs.

Wouldn't take Many expats to leave to negate the new taxes.

@Craig *******

having studied business finance at Mahidol, I do have a fair bit of knowledge about Thai accountancy.

You can bring any amount of savings into the country tax free.

What they are seeking to tax is income derived os while you are resident of Thailand. And even then, if you show you have already been taxed, you aren't taxed again.

Do your research and don't assume everyone is as stupid as you

@Craig *******

bringing money into Thailand won't be taxed.

SMH

It's going to cost $$$. Emergency passport in foreign country isn't cheap

@Doug ********

the only way around it is to set up a company.

True, you need a Thai to hold 51% of the shares, but you set it up so you have the voting power.

Then you make your fees whatever the company makes.

@Us ****

.....and the citizenship you have

She already knows if she upgrades her passport and citizenship to say that of a European, American or Australian they can not only travel easier, but get pensions etc