right…I guess my concern for all visa holders is that when it’s time for an extension and one has spent more than 180 days in country we’ll have to submit documents evidencing tax payment in order to extend
right and this was not enforced before…u could bring basically limitless amounts of cash without incurring Thai taxes….the new scenario seems to suggest that those monies will now be subject to Thai tax….i get it and don’t necessarily disagree w the Thai government but I’m not thrilled to pay taxes on taxed money
American taxation is singular in that USA citizens pay tax on money derived from anywhere on the globe whether u live in the USA or not…there is a threshold amount for that taxation but it’s not particularly hogh
I think so too…to me it’s not a matter of being fair, it just means that I personally will pay 40% or so in America and then 20% on the remainder I repatriate to Thailand…some will stay, others will leave but those of us tied to the kingdom will need to prepare for a large financial pivot
right, if it was just 20% on only 500k per year that’s still only 20k thb in money paid in fees and taxes for the dtv which would still be a bargain…that said, it’s unlikely that’ll be all one brings over and also makes buying a home or car or whatever here very very expensive
well you need 500k in a bank…not sure that will have to be a Thai bank but that sounds taxable…I’ve been here nearly 20 years and have found over that period that having actual cash in Thailand is important for all sorts of situations so doesn’t seem feasible to live entirely on foreign credit cards…as per taxing income on overseas funds derived from overseas sources and stored in overseas banks held by non citizens of Thailand (or any other country) does not seem feasible
