Marco ******
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Marco ******
's contributions to the platform. They have posed 1 questions and added 12 comments.

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COMMENTS

Marco *******
Pretty sure that's a document your muay thai gym has to provide you
Marco *******
@Mo *****
Money brought to Thailand is taxed, but when it was money from your savings last year before the law was applied then it is exempt
Marco *******
Savings held before January 1st 2024 are tax exempt. As the deadline approaches, I'll check with my accountant on what to file exactly, but I for sure know already that for at least this year all of my money brought here will be tax exempt so I don't stress too much about it.

As we get closer to march everyone knows a bit more but I assume I just have to list how much money I brought here, a print of my savings per 31.12.2023 and confirm that no taxable income applies
Marco *******
Just use tax returns which is for last year anyway

For tax you usually pay in the country where the money is sent to, or booked under, usually where your company is located, then you pay tax for income brought to Thailand, due to double taxation agreements you usually only pay the difference

Exceptions apply obviously especially when it comes to taxes, but this is probably how it goes for like 4 out of 5 people in here
Marco *******
@Steve *******
I transfer money which has been taxed at 15% into a country that taxes the same amount at 25%, so I am obligated to pay up the difference which is 10%. its not that difficult to understand
Marco *******
@Steve *******
DTA doesn't prevent you paying taxes in Thailand. It prevents double taxation. You still pay up the difference
Marco *******
@Mateusz ******
Pretty sure that law was set in effect this year, which means no one owes taxes yet based on that rule
Marco *******
@Wannikea ********
and l and I. yes those are different characters
Marco *******
Recent report were mostly between 3-5 days. Also today is Thai holiday so visas won't be processed and you won't be able to reach them. I'd move my flight if I were you
Marco *******
@Tod ********
Makes sense. Thanks a lot man always a treat to read your comments