Dirk C. Wendtorf No. Because in the most cases no DTA is activated because the Thai revenue department do not want taxes if your are taxed in you homecountry. Also they could cause the DTA give them the right to tax some kinds of income. But they do not give exemption if you pay nothere taxes.
it is also possible that Thailand do not want tax for taxed income in a dta state. They target non tax payers with this new rule. They need a definition of what are savings and what is taxable income. One criteria could be to declare taxed income of dta states to savings.
so true. But... in the short time i live hear i have learned that this kind of big news with u-turn are not unusual here. I hope this time it is the same but not different. 😉
Kristian Tuomikumpu yes but maybe if they taxed they can be transformed abroad to savings and then be remitted tax free to Thailand. 😉 They talk about income not about savings. The target is non taxpayers so it sounds logic that if you pay foreign tax on income it is transformed to private savings.
Kristian Tuomikumpu Thanks for information. This aplies to dividends that are remitted to thailand. But if the dividend is taxed in another country and is remitted from a savings account it could be non taxable saving. Savings are non taxable after the new and old rule. The solution could be to transform the dividend to already foreign taxed savings. The new rule target non taxpayers so i hope this would be possible...