When you say "they" who do you mean? Have you not heard of the "common reporting standard" if not google it. All banks have to share information by law. Thailand cut out of swift, why? ten of millions transferred everyday how to do check it? They us a computer, knuckle head! Thailand can do what it wants in its own country.
I have no intention of retain any tax consultant in Thailand, I keep my affairs so simple I do not need them. If I am heading into choppy seas, I will head to the airport with my calendar instead. I will have to pay a small amount of tax on my land sales that i do with owner finance but i have some very large capital gains coming and I will be non-resident for those, have not worked out if I bring the money in TH. 2025 and 2026 are going to show up how bad the situation is 2027 is anyone guess there may even be a military government by Then.
This is what has actually changed Andy, the GOV have told the RD to fully implement the existing law, what remains to be seen is how they enforce the law, sloopy or tightly.
Peter, I have never read anything anywhere saying that countries will be changing their DTA to be in line with America. Nearly all pensions will be subject to Thai tax even though there are DTA on pensions in their home countries. Important to remember proof of income is required simply saying something will not be accepted, collect your reicepts, estimate your home tax liability, calculate your Thai tax liability and subtract the 2.
Would be so easy to start auditing people. Just get the banks to request source of funds for all inward remittances then forward to the RD. Very easy task for the banks to search their database anually.
Thats exactly what i will do except that i will not buy a condo i will just go on holiday 18 times in one year transfer enough for 4 years then repeat in another 4 years. You just need the exit stamps to prove you left for 180 days, only way to be certain, if the global tax occures and it will, last man out, put the cat out, everybody will leave.