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THAILAND AND REMITTED INCOME (since last official new rules).

Recent post - note i firmly believe RED Shits is more aligned with the UK via Thaksin.
Though there is a open line with China, the Military however are very open to China.

COUP - Thailand has long been a key ally of the United States, with both nations seeking to continue to nurture strong military and economic relationships. However, since the military’s 2014 coup, Thailand has increasingly turned towards China for support.
Despite Washington’s best efforts to lure Bangkok back into its orbit, Thailand’s recent domestic and international actions indicate that a realignment with the West is unlikely any time soon. Last year’s elections did present a glimmer of hope, when the progressive political party Move Forward overwhelmingly won the public mandate to form a government, with 312 seats in the legislature’s 500-member lower house.
However, the military-backed constitution implemented in 2017 requires a new prime minister to receive a majority vote from the elected House of Representatives and the 250-member military government-appointed senate. Move Forward’s Pita Limjaroenrat only received backing from 13 senators when he attempted to form a coalition.
The final blow to the party occurred recently when the Thai Constitutional Court voted to disband it. Despite this, the party was reconstituted with a new leader and took on a new name, the People’s Party.
The Pheu Thai Party, which placed second in the election, then formed a coalition that included politicians associated with the military. Property tycoon Srettha Thavisin assumed the role of prime minister before his sudden removal by Thailand’s top court last Wednesday. Paetongtarn Shinawatra, the daughter of former leader Thaksin Shinawatra, has now been chosen to replace him.
Rather than seeking to upset the status quo and implement major reforms to the constitution, particularly with regard to the lèse-majesté law – which carries a penalty of up to 15 years in jail for anyone who insults Thailand’s monarchy – Thavisin focused his agenda on economics. This is with good cause, as Thailand’s per capita income levels have not rebounded above their 2019 levels.
Although Thavisin did not govern as an overtly China-leaning politician, his agenda in office indicated he perceived China as the better partner. In particular, his administration hoped to lure Chinese tourists back to Thailand and for Thailand to reach its pre-pandemic tourism levels. From January 1 to July 28 this year, Thailand welcomed 20.3 million tourists, a 34 per cent increase over the same period last year.
Beyond tourism, Thailand hopes China can help develop its critical industries, such as the car manufacturing sector. Chinese carmaker BYD opened its first electric vehicle plant in Southeast Asia, in Rayong, Thailand, part of a larger investment worth US$1.44 billion. This move will help Thailand expand beyond manufacturing mostly Japanese car brands.
Thailand has sought to move closer to China in multiple domains – in addition to courting Chinese investment and tourism, Bangkok has also increased military ties between the two countries.
Indicative of its intentions is a deal to purchase the Chinese-built S26T Yuan-class submarine. The deal had run into hurdles, including that the submarine no longer had a German-made diesel engine. Eventually, Thailand accepted the Chinese-made CHD620 diesel engine.
The Thai military’s control over key aspects of the government will limit any potential moves by officials to reverse current trends. The military and conservatives’ increasing entrenchment is evident in the dissolution of the Move Forward Party and the 10-year ban imposed on its leaders from engaging in political activities. In addition, Thaksin Shinawatra is still facing lèse-majesté charges, accused of insulting the monarchy in a 2015 interview.
The July election of 200 new senators solidified the military’s grip over the senate. This election was not without its controversy, however; the commission received thousands of complaints, including accusations that candidates misrepresented their qualifications.
The big winner of these elections was the conservative party, the Bhumjaithai Party. Although not directly linked to the military, it maintains a similar ideological stance and aligns itself more closely with the royalists.
Although the senate cannot make laws on its own, its approval is required for any legislation to become law. Moreover, it selects the members of independent regulatory bodies, most notably the Election Commission and the National Anti-Corruption Commission. Senate votes are required to amend the constitution.
Despite these realities, Thailand still recognises the US as a crucial partner. According to an Asia Foundation survey, 83 per cent of Thai respondents still view the US as important for Thailand’s future. Of particular note, 75 per cent put economic links in their top three areas they saw as beneficial to the Thai-US relationship – the highest of all the options.
Therefore, the US should seek to improve economic ties and maintain its destination as a key export hub, particularly as Thailand’s increasingly authoritarian tendencies make military cooperation difficult. From January to March, the US surpassed China as the Association of Southeast Asian Nations’ largest export destination, while Thailand’s first-quarter exports to China fell 5.1 per cent year on year.
The US should also increase investment in the country. One way would be through the newly announced coalition between investment firms and the Indo-Pacific Partnership for Prosperity. This public-private-partnership intends to invest US$25 billion in infrastructure in the region, providing an opportunity for a bigger US economic footprint.
Although Thailand continues to move closer to China, strong economic engagement from Washington can show Bangkok the clear benefits of closer relations with the US and the liberal international order.

Do you personally see a 'high' probability that a coup happens quickly within a year ? Or more in medium term 3years+ ?
Because she got just elected right now..
No usually takes a couple of years... all depends, i.e i didn't think they would get rid of the moron we've just had so quickly, and he was heavily aligned with socialism and US interests whilst having a olive branch to the BRICS.

Note he was merely a puppet for Thaksin anyway, now its his daughter

Note when coups happen, its BAU, apart from M-law it won't really disturb most of us.

Wife voted for future forward, but even she wants the military back in control due to the rising taxes and issues with them debasing for socialism appeasement of the plebs up north.
 
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Thailand and Malaysia started to tax expats living there, but no benefits for them, only pay and pay for fees and visas, no health care, no public schools, nothing, paying without benefits
I thought that with the new mm2h, offshore income is tax-free. Does that apply to remitted or non-remitted only? Technically, if you perform work from Malaysia, it's not offshore income. But is that enforced? Do people on mm2h file taxes and declare worldwide income?
 
I thought that with the new mm2h, offshore income is tax-free. Does that apply to remitted or non-remitted only? Technically, if you perform work from Malaysia, it's not offshore income. But is that enforced? Do people on mm2h file taxes and declare worldwide income?
Technically if you are a tax payer you are meant to have some perks or did such as health care and park access etc

Just need to sue the government

That’s the problem here people don’t sue the government
 
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I thought that with the new mm2h, offshore income is tax-free.
Malaysia has a remittance taxation for foreign income which until 2026 for certain income is not yet activated. How it will be afterwards is unclear. In the announcement on the terms of the new MM2H there is some wording which seems to indicate that at least money for your mandatory deposit can be remitted tax-free. If this also applies to any other remitted income post 2026 is unclear.
 
Regarding the tax residency in TH, I though that the ONLY condition to be (or not) tax resident is to spend 180+ days a year in the Kingdom. If 179days or less, no, simple.

I read many topics on aseanow and many are saying in TH it's not the only criteria, and can be also regarding where you have your main domicile, main economic interest, or if you spent the most of the time there (even if less 180days..), you can be STILL considered as Thai tax resident ?!

If yes it's look like similar than France, Spain or other western countries..

For that they are talking for example with the US-Thai DTT.
 
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Regarding the tax residency in TH, I though that the ONLY condition to be (or not) tax resident is to spend 180+ days a year in the Kingdom. If 179days or less, no, simple.

I read many topics on aseanow and many are saying in TH it's not the only criteria, and can be also regarding where you have your main domicile, main economic interest, or if you spent the most of the time there (even if less 180days..), you can be STILL considered as Thai tax resident ?!

If yes it's look like similar than France, Spain or other western countries..

For that they are talking for example with the US-Thai DTT.

The only criteria is the 180 day rule : https://www.rd.go.th/english/6045.html

“Resident” means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand. A non-resident is, however, subject to tax only on income from sources in Thailand.

Also, here is a table from the Revenue Department that summarizes the new foreign-sourced income tax:


Screenshot 2024-09-01 034501.png


You can read the whole thing here: https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf.
 
Regarding the tax residency in TH, I though that the ONLY condition to be (or not) tax resident is to spend 180+ days a year in the Kingdom. If 179days or less, no, simple.

I read many topics on aseanow and many are saying in TH it's not the only criteria, and can be also regarding where you have your main domicile, main economic interest, or if you spent the most of the time there (even if less 180days..), you can be STILL considered as Thai tax resident ?!

If yes it's look like similar than France, Spain or other western countries..

For that they are talking for example with the US-Thai DTT.
ask 10 people and you get 20 answers as everyone and their dogs wants your money.

What is seldom discussed is if you need to file at all and if you need to file 0 returns. But who knows.

I could entertain the thought filing a 0 return or one based on controlled-remittance can be pretty beneficial if one wants to continue to partake in the gov system worldwide since it could very well be more of the institutions which have the gov-d!ck deep inside are gonna ask for such going forward.
(in such an instance not having paper is seldom good and most likely will need cumbersome explanation to sub 80 monkeys).
Doesn't have to be Thailand specifically, but anywhere where you can control the amount payable somewhat.
 
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The only criteria is the 180 day rule : https://www.rd.go.th/english/6045.html

“Resident” means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand. A non-resident is, however, subject to tax only on income from sources in Thailand.

Also, here is a table from the Revenue Department that summarizes the new foreign-sourced income tax:


View attachment 7672

You can read the whole thing here: https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf.
Even better if it’s in stable coins as easy to prove

In addition say you got a big windfall and then reinvested 80% of it - well as you draw that 80% back out and remit it - it’s tax free

ask 10 people and you get 20 answers as everyone and their dogs wants your money.

What is seldom discussed is if you need to file at all and if you need to file 0 returns. But who knows.

I could entertain the thought filing a 0 return or one based on controlled-remittance can be pretty beneficial if one wants to continue to partake in the gov system worldwide since it could very well be more of the institutions which have the gov-d!ck deep inside are gonna ask for such going forward.
(in such an instance not having paper is seldom good and most likely will need cumbersome explanation to sub 80 monkeys).
Doesn't have to be Thailand specifically, but anywhere where you can control the amount payable somewhat.
There’s a ongoing discussion where they will force all to file and those earning less than x will get a top up returned by the Gov

I am unsure how they will achieve this with just 4% paying tax

Having said that the 96% the vast majority earn over the tax threshold but never declare and never pay tax as it’s all cash based - I see this first hand with the soi pool girl earning 25k a month and never in her life paid tax
 
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Regarding the tax residency in TH, I though that the ONLY condition to be (or not) tax resident is to spend 180+ days a year in the Kingdom. If 179days or less, no, simple.

I read many topics on aseanow and many are saying in TH it's not the only criteria, and can be also regarding where you have your main domicile, main economic interest, or if you spent the most of the time there (even if less 180days..), you can be STILL considered as Thai tax resident ?!
Probably the difference between when you are in Thailand taxable at all (180 days) and how, if there is taxability, this is then potentially allocated between countries (DTA). But if not 180 days, then no DTA anyway