The only real change my end is IF they start taxing companies overseas where their non-active shareholders (majority) reside in Thailand but operations are outside of Thailand - and even then the activity usually occurs in
dividends years.
@wellington can you kindly spend some of your precious time to clarify??
All are from different answers you provided in this thread so most don’t link between them Thank you !
So if you’re a shareholder and taking dividends often inside the year, but never remitting them inside Thailand, is it currently a risk / problem? Can’t it be considered that you actually use the company / work through this / to make income ? (Despite not remitting in Thailand). - never remitting anything in Thailand, never doing any job with Thai customers etc.
talking about online services & consulting, NOTHING
crypto related.
Thailand will look at people not paying taxes, and size the tax amount up based on how much you bring in annually.
What if you pay taxes having a Thai job or company and all your
offshore companies income (dividends?) never remitted in Thailand?
Basically Thailand isn’t the place for those that wish to operate a
offshore company but live off the income
What if one want to operate an offshore but NEVER remit or live off this income? (And living with another - local income - or previous savings inside Thailand?). So one operate the offshore, send the money offshore, customers offshore and nothing to do with Thailand? (But yes RD might consider that offshore is operated from the 100% shareholder the guy tax resident of Thailand?)
If you don't remit income then you don't have to file...
No remit anything from the offshore companies. They have eu or other customers, paying them, then you take the dividends to offshore and keep them there.
No, that's not what happens, at worst case if there is a feeling of
tax evasion (under-reporting) they just flag the passport (if foreigner) and freeze the accounts, until a payment plan is enacted (likely paid in full immediately if a foreigner) if Thai paid over a number of years (from experience observed from watching the boat maintenance guy go through this recently).
What do you mean flag your passport???
What accounts they freeze? Local or worldwide?
Anything i earn now overseas is tax exempt if structured (dividends) or income from markets/assets and non-remitted, but would also be offset by 'principle-rule' if remitted.
As I described? What would be the best structure? I read about offshore company owned by another offshore. What if you just have one offshore and get payments from customers (everything outside Thailand), get dividends often to your personal offshore account and never remitting anything??
He does trade shitcoins makes 10m$ overseas, leaves Thailand the following tax year for 180+ days then returns to thailand he can remit that 10m$ tax free into thailand as it's now 'new principle' value, even though he made those profits whilst sitting in a bar getting head from a LB, but as it was done on overseas exchanges (decentralised/centralised) and deposited to overseas accounts (or left in
stablecoins) its not under the territorial tax of Thailand.
Yes but the RD law says “if work performed in Thailand, so in this case work performed in Thailand (during the LB BJ head).. so what is the case here?
AGAIN... good accountant and confirmed mark-to-market valuation upto 31/1/23.
Could you suggest one? I asked a few, everyone says something different and with no base
Thank you
