@Jim *******

perhaps you are, but opinions vary including the opinions of some Thai accountants and lawyers. The truth is no one knows for sure until next year which was the point of my original post.

@Jim *******

maybe they will maybe they wont, but we won't know for sure until next year, which is what I said originally. If you are absolutely convinced that nothing will change for any expat bringing money into Thailand then you are likely incorrect.

@Alex *******

I gave you no attitude at all sir until after you said "If you bring money into Thailand it wont be taxed shaking my head" which is likely incorrect and is you starting off with a "scrappy attitude". Secondly I gave no advice. Third I am not interested in a discussion of whether this is good or bad that was not the point of my original comment, which was not directed to you. And finally we will not know exactly how this will be enforced and how it will play out until at least January 2025 which was also what I mentioned in my original comment.

@Alex *******

actually if you have income, it was already taxed, and the Thai tax is higher you still owe the difference. So maybe you don't know as much as you think?

The name calling is not necessary Alex. Perhaps you're feeling insecure?

@Alex *******

well there are a lot of Thai tax accountants and lawyers who disagree with you, but I'm sure you know better than them. SMH

@Jim *******

actually in most cases the way a double tax treaty works is that if you paid tax in your home country, and the tax in Thailand would be higher, you only owe the difference in Thailand.

@Gregor *********

actually what a double tax treaty does most commonly is say that if you were taxed in your home country, and the tax in Thailand would be higher, you only owe the difference.

The exact details of how this will play out are not known and will not be known until next January.

@Ian *******

if you are going to move 1.6 million THB into Thailand in 2024 and you are not concerned about the changes to the tax law you are a fool. It's absolutely something to consider.

The most exciting part is going to be waiting to see how the new tax regulations play out next year to see if you're going to owe the Thai government a giant chunk of that 1.6 million THB

@Brandon ***********

don't forget you need 2 million in declared capital for that business to employ yourself and sponsor the work permit.