The biggest problem in the whole thing is that people get some allergic cramps when they think of paying tax and stop thinking rationally.
YouTubers and “Tax lawyers” happily abuse that to scare people and confuse them as much as possible in order to generate clicks and clientele respectively.
Unfortunately some people keep echoing the abuse. People need to calm down. Surely for some of us it means opening up the wallet (that includes me) but the effect will be minimal for most.
Those that will be heavily taxed are likely those whose income deserves to be taxed and I have zero pity for them.
That all said… Like with every generic rule, there will be some who get hurt (financially) more than they should. A very little group of people. I sincerely hope things will work out in a just way for them.
The confusion is not caused by an RD saying that they “are considering” new rules.
The confusion is caused by people adding such stories about non existent rules into a discussion about current rules merely to prove that everything is a mess. In this case that would be you.
The current rules are quite clear and there little to be confused about. These rules exist for many years already with the only interpretation change that since
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/2024 “savings” relates to unspent income from years before you become tax resident.
Suddenly everyone starts to panic because they may have to pay tax which they in fact already had to pay since many years except for the few that kept their taxable income foreign until after year end. The whole thing is fairly ridiculous because nothing much has changed.
On top of that, most of us won’t pay a thing or maybe little. I will probably have to pay some 1000 to 2000 baht per year extra in order to live in a country where my money is worth at least three times more than in my home country. How about that for a fantastic deal?
“I am considering of flying to the moon by moving my left pinky.”
The whole “worldwide income” thing is just bs to scare people and confuse them. If the government “is considering” to drive on the right hand side of the road then that doesn’t imply you need to change your steering wheel today or tomorrow.
Everybody still drives left (or something which looks like “left”) and all the fuzz about far away future laws is currently totally irrelevant. I don’t even understand why you mention it to me.
And they will simply have you put in a queue. And you wait because you abide by the laws of a country which allows you to live in. Because you are a respectable grateful person. 😉
Every year the Baht gets cheaper by the end of the year. On top of that the US election outcome has boosted western currencies already with a few percent.
Obviously there are no guarantees but I am betting that the exchange rate may significantly improve in the next short while.