@Jeffrey ******

An expensive medication in all non socialist countries.

@Steve *****

Medical care is much better in Thailand compared to the UK.

@Steve *****

Some not available in the Kingdom. Example..Sotolol is not available in Thailand.

I understand. Many are concerned regarding investment income. Not day jobs. Municipal bond income is tax free in the USA. Not in Thailand. So taxes will be paid on it in Thailand. Up to 35%. The tax treaty agreements do not eliminate the paying of taxes.

@Kool ******

It is aimed mainly at very wealthy Thai citizens not paying Thai taxes on earnings in foreign countries and less on Thai labor overseas. Most Thai workers in foreign countries earn relatively small sums of income. The tax code is not going to be rewritten in its entirety. As I understand the wording of two or possibly three paragraphs will be changed. Many Thais from wealthy and upper middle classes are concerned and not only those married to foreigners. Yes time will tell but remember TIT coined by Bernard Trink.

@Ally ***********

I agree with most everything you say. We do know that Thailand’s highest tax bracket of 35% equates to approximately USD 120,000. The USA has a DTA in effect. One concern some have is as follows.Earnings of several hundred thousand USD of qualified dividends is taxed in the USA at a maximum 23.8% (with the effective rate less then 20%). In contrast ,Thailand taxation is 35% maximum with the effective rate only minimally lower. With DTA in effect the foreign or Thai citizen is credited with what is paid in the country where the income is earned (USA in this example) and is responsible for the difference. This is not going to effect most foreign retirees as you mentioned but I believe some

(whether they are married to a Thai or not) will find themselves with a Thai tax bill at year end.

@Kool ******

Not all expats you mentioned live off of only their home countries pension entitlements. Quite a few live from earnings from capital gains,dividends,interest etc.,and even if earned in a country with a tax treaty with Thailand the tax paid in the non Thailand country may be less than in Thailand. If that’s the case the difference in taxation is paid to Thailand.

@Stephan **********

Very true. Most expats are not aware. Thanks for informing them.

@Stephan **********

True.

@Ally ***********

My understanding is that earnings on business entities,equities,dividends,interest etc.,brought into Thailand will be subject to taxation. Is that not the main reason for the change in the tax code ? To tax revenues earned overseas and brought into the Kingdom.