Still, there is no official statement quoting that Gift rules are overruled in some way by the (new) remittance rules.I had 1-1 conversations.
Remitted funds as gift from non Thai to Thai from offshore to onshore is remittance tax charged.
*unless its savings then the appropriate method is offshore your account to onshore your account, onshore your account to onshore your wife.
I advise you to not launder funds after tax evading if you haven't factored that in, and hire a tax advisor and speaking to the revenue department.
Seeing the incompetence of them just from some basic newspaper there will be some issues with that, since the non-voters are mobile and will simply leave. Already, its not a welcoming gov either, so many will just look elsewhere.So they will generate the tax where they can without being a burden on the voter base
Id can entertain the thought if you go and ask them directly, they will make a special rule just for youStill, there is no official statement quoting that Gift rules are overruled in some way by the (new) remittance rules.
Conversations have no legal grounds and are inconsistent from one authority to another. Tax advisors in Thailand have no better knowledge. TIT.
I'd rather not get in their tax system and continue to gift my wife from offshore legally undeclared as thousands of people do until and if Gift Law is amended or some authority directly asks something.
There doesn't need to be an explicit statement, it's covered in their existing rules and sub rules.there is no official statement quoting that Gift rules are overruled in some way by the (new) remittance rules.
Not farang, once the baby boomers die out (already are) the boomers kids don't have the same sort of capital, and their kids have none.Further issues are whos gonna pay these inflated falang prices. Its not gonna be somchai with his 400 usd/month salary. So they will loose a lot on the vat front if they go further down their plan. I can easily foresee it even be a net negative.
this will simply be inherited.Not farang, once the baby boomers die out (already are) the boomers kids don't have the same sort of capital, and their kids have none.
Looking at internet apps and all of that sort, it just adjust to another demographic which have a very different taste than the boomersHence the sex industry has shrunk by 90% over the past decade (from my observation every town used to have a pole dancing area - now all family orientated or absorbed by Thai style cafes).
there are many visa options in indonesia. None are straight forward but flexible.Indonesia just offered a new visa 10m$ i think, 10 yrs, wife balked at that (Bali is one of our favourite haunts) asking who will pay that, which i responded, Thailand, Indonesia kinda have a golden goose in respect of their proximity to China, and the funds that flow from there (illicit or mere capital control violations) but unlike if you break the law and proceeds are passed to a family member they being liable (civil/criminal) when you pay funds to a Company or a State they don't get charged, nor do they get chased for said funds -> thus they welcome it with these outrageous fees as its only an upside for them.
Yeah see that this morning.6 SEPT 2024
Here we go again... they never learn.
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Law to tax income from overseas in the works
The Thai Revenue Department is drafting a law to tax the income of individuals residing in Thailand that originates from overseas.www.bangkokpost.com
What's the alternative? I do not know if Philippines could be. It is not as good as Thailand.Thailand lost definitely its appeal as a place to plant the tax residency flag.
What's the alternative?
Reading this, it appears owning a overseas company will still be exempt.
I've been to Malaysia a couple of times (only KL) and I did not really like it when compared to Bangkok. For me it is not. For others it could be.In SEA i'd say probably Malaysia with their MM2H program.
I did not really like it when compared to Bangkok.
hard to decide.For me it's the exact opposite, i like KL better![]()
its stated in the plans by the usual suspects, the plebs should not travel any more.Other issue is all the countries appear to be doing ESTAs now increasingly, its becoming friction based just to travel, Thailand itself is introducing
In Thailand they said it was for 'covid' and for 'tracking tourists'.its stated in the plans by the usual suspects, the plebs should not travel any more.
Yeah, seemingly business as usual.In Thailand they said it was for 'covid' and for 'tracking tourists'.
Covid screening is done on arrival by default, and tracking is done via hotels/accommodation, and mobile + ai cctv.
So utter horseshit, as usual.