Sam ********
This is a summary of
Sam ********
's contributions to the platform. They have posed 2 questions and added 88 comments.

QUESTIONS

COMMENTS

Sam *********
@Paul ******
after lurking here a long time,
@Sefton *******
is one of the few people i would 100% listen to!
Sam *********
Anonymous participant im not a tax expert by any means but i have been following this all closely the past few months. i think the link above clearly shows
@Angelo **********
is mistaken. perhaps a language barrier but he seems to be the only one claiming a worldwide income tax for thai tax residents.
Sam *********
@Angelo **********
you are literally the only person saying that thailand currently taxes worldwide income. you need to google this one... thailand is still a territorial tax system. unfortunatley it is you that is out of the loop.
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a few places for you to read up on this
Sam *********
@Angelo **********
the only change is that the 1 year loophole has been closed. nothing else has changed.
Sam *********
and transfers are not taxed, you are correct, but transfered income becomes assesible income and should be included on a thai tax return
Sam *********
@Angelo **********
you seem to be saying different to what almost everyone else is saying. you are saying that thailand has a worldwide income tax policy which is not the case. it has been proposed but nothing more as yet. overseas income is not taxed unless remitted to thailand.
Sam *********
@Angelo **********
also, "Money transfer: not taxed. It is just transferring your own money from one account to another one." money you can prove you had pre january 2024 is not taxed, otherwise any transfers are taxable. if you have paid tax on it in another country and there is a DTA you can use that tax paid to reduce or eliminate any thai taxes owed.
Sam *********
@Angelo **********
NEW LAW (current): income outside of Thailand is taxed. Regardless when you bring it into Thailand.

should be

NEW LAW (current): income outside of Thailand is taxed when it is remitted to thailand. Regardless when you bring it into Thailand.
Sam *********
@Angelo **********
"Does not matter if you transfer the income into Thailand or not." - it is only taxed if remitted to thailand.
Sam *********
@Paulie *******
so you applied for a DTV then applied for the METV when you thought you may not get DTV in time? METV is much quicker?