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Nick ***********
This is a summary of
Nick ***********
's contributions to the platform. They have posed 13 questions and added 1559 comments.

QUESTIONS

COMMENTS

Nick ************
@Toon ********
exactly what I am doing but I believe that any income generated in a year you are not tax resident in Thailand is never taxable in Thailand whether or not you are tax resident there in the future. I know that any savings held prior to 2024 are not taxable when remitted to Thailand. Need to get statements together to prove what was held then.
Nick ************
@Pete ******
you see there is even confusion about what the op is asking. I believe it more likely that the question referred to tax liability.
Nick ************
@Ryan ******
I don't believe that is correct. What I do believe is that those claiming that there is no confusion surrounding this issue are wrong.
Nick ************
@Peter *********
everybody says it will get dark tonight. The point is being tax resident in Thailand does not remove the confusion around whether you pay tax there or not so I stand by my comment because I am not wrong.
Nick ************
Yes and it's why I have sentenced myself to 6 months in the 🇬🇧 this tax year so that the proceeds from a house sale will not be taxable when remitted to Thailand. So far I've managed 6 weeks of my sentence and seriously wondering whether or not I would rather pay the tax!
Nick ************
@Greg *****
and we all know Thailand dies not work like that 555.
Nick ************
Yes. Say I'm thinking of buying a condo for 3 million baht and a new car for 1.75 million baht. If I have to pay tax on that money when I bring it in to Thailand its nit going to happen. That's 4.75 million baht that will never come to Thailand. I will continue to rent and make do with my 5 year old car.
Nick ************
@Toon ********
so in order to live comfortably in Thailand I think we could say its 15% +.
Nick ************
@Ron *****
because you may have paid tax on the money somewhere else already. Obviously income generated in Thailand is taxed in Thailand.
Nick ************
@Paul ******
don't be daft. Everywhere you look someone including experts is saying something different.