if you are correct for pensioners like myself, all I can say is TL better get busy issuing tax ID numbers and promulgating instructions & forms for me to report the taxes I've already paid in the US.
I'm curious, knowing what you know now, where would you have moved? I was considering the Phils (mostly because of their ability to speak English) but TL doesn't have the typhoons, volcanos, or nearly as powerful of earthquakes. Also, the infrastructure (especially the power grid) and healthcare is much better in TL, IMHO.
I'm originally from the US and I went to Chat GPT and asked it for a summarization of the tax treaty between TL & the US. It basically said that if I am paying taxes on income I acquire in the US (I do pay US taxes on my pension) then I will NOT have to pay taxes on the same money in TL (up to a certain amount of income of course.) This is the best UNPAID guidance I have found so far. Of course this does not answer questions like will I need to acquire a tax ID number in TL? Will I be required to file tax forms in TL to prove I have already paid taxes on my income in the US, etc??
right or like the 10,000 THB that was supposed to be given to the poor folks. The "holding pattern" I mentioned above could last for an indefinite time.
Yes but basically, nobody truly knows what is going on with the situation right now. We are all waiting for further guidance with regard to how tax treaties will impact your taxes (I understand Thailand has tax treaties with 61 different nations and each treaty is unique.) Also, your individual circumstances will dictate if you owe any tax to TL. At this point we are in a holding pattern until we receive further instructions from the powers that be.
IMHO, by far the easiest thing to do is just leave the 800K THB in the bank. You then don't need to worry about any of the pitfalls spoken about in the earlier comments and the pitfalls are indeed real.