@Sam ********

yes

@Sam ********

thats what many intend to do, we do not know how this will be enforced. No one paid it yet.

@Sam ********

CGT is not zero in UK if the asset is resident in uk. If you sell a house there is CGT to pay etc. Thailand has CG they just tax it as the same rate as ordinary income.

Sam Taylors be able to prove if audited. fine for not reporting is 200% of the tax due + the tax. Yes, many will leave.

@Sam ********

only money remitted into Thailand, for savings prior to 1st jan this is not taxable, but you need documentation to prove what your claim. There is a proposal to tax all income even if not remitted to Thailand, lets hope things don't get that bad.

@Sam ********

also covers people who have rentals, and they remit the rent to Thailand its assessable income for tax residents. Has nothing to do with people outside Thailand only only tax residents.

@Per *********

Thailand is no different in its taxation policy. "an income you WANT to declare" if you remit money to Thailand and you are tax resident, the tax laws of Thailand say you HAVE to declare. Currently tax status is not tied to visa status. At the moment no one knows how this all will be enforced. If you are found out to be not declaring, then the fine is 200% of the tax not paid. Having to pay tax should not be a deterrent to anyone to do what they want.

@Batuh ***

The law says you must be resident for a TOTAL of more 180 day in a Calendar year to be tax resident. So as long as you are under that total you are not tax resident.

@Jim **********

I am fortunate that I am a member of a well-established expat group down here in Pattaya, we had a live seminar from Carl Turner who has subsequently created many YouTube videos and continues to do so. He is an investment adviser, yes, but has jumped on the tax bandwagon, many of us have been following him and we have picked up a lot and have been able to verify his opinions with others. People have accused of scaremongering, this is untrue, I am simply trying to get people to consider their new surroundings. Beyond Thai income tax, there are several other issues I have, not least of which is "Thai sales tax". If a digital nomad is performing a service for say an EU company, does that digital nomad have to write an invoice to their client for services renders and does said digital nomad have to add/collect sales tax?🤔

@Roberto ********

depends on how much tax you pay in the source country. You would be living on starvation rations (120,000) to not pay anything Roberto.