I am single and it is ok for me. Malaysia is a Muslim country but I don't feel it. I can spend more than half year in Gergetown or KL and less than half year in Phuket. Better Malaysia than EuropeIf you are with a family with kids can understand yes + agree to live in a very muslim country (for asia), ok.
Otherwise I dont see. KL is very boring compare to BKK. Penang nothing special and not so developed/attracted either compare to the competitor places..
The biggest minus is the lack of lady boys. Except this it is okThe first few times one goes to KL it seems boring and too Islamic.
Once you start knowing where to go, you realize KL is not really Muslim, especially when 45% of the population are of Chinese descent.
Single people can easily date Chinese girls, which are abundant in shopping malls, gyms, etc.
I still think Thailand is superior though, but KL is a pretty solid place to live or spend time in.
The biggest minus is the lack of lady boys. Except this it is ok
If this does get voted in, it wouldn't be for 2025 but maybe for 2026 or onwards right?New Update: https://www.nationthailand.com/business/economy/40043831
- Corporate Income Tax: The government is considering reducing the corporate income-tax rate from 20% to 15%, aligning with the Global Minimum Tax (GMT) framework. This aims to make Thailand more attractive to international investors and bring the country in line with global taxation standards.
- Personal Income Tax: A dramatic proposal suggests lowering the personal-income-tax rate from 35% to 15%. The primary objective is to incentivise skilled professionals to work in Thailand, potentially attracting global talent to the country's growing economy.
okay but who want to live there and spend 6months+ there ? except some 'chill' families?
KL slaps hard what u talking about
KL is ok...
SGD much better
HK is heaven.
HK is heaven.
Compare to BKK? really?
If you don't adopt the cultural differences....I had dinner tonight with 5/6 mid 30s european guys (into crypto); they lived in HK for 6years (2015-2021), and until now in SGD.. some move in BKK now.
Depends on nationality.regarding HK, how do you think it is for western passport holders in case the nutjobs expand the war to China?
I could foresee my accounts blocked etc in HK if the US and as a consequence the western vassal states would put sanctions on China, as China has to retaliate and implement the same.
SG, ID, MY, TH and even PH seem to be much better in that regard, whereas Laos, Vietnam and Cambodia might be more prone to pursue the same.
And what is the cost for this??I live in malta and I can tell you its the best option in the whole world when it comes to taxation, location (away from middle east, ukraine/ russia and china) which is a big plus, weather is plus, english is a plus, people are decent not the friendlist but are nice, access to EU is great.
CFC rules are there but the concept of non domicile company is fantastic, you can form a company outside malta and manage it, you pay tax on only the money you bring in to Malta, it really helps with tax optimisation. And then, you pay 5k a year and claim non dom status on your foreign income. What else do you want?
You mean is nice?? But regarding the tax for Malaysia it says “if have been taxed in the source country” - what if it’s a 0% tax company? Then will be taxed in Malaysia..KL slaps hard what u talking about
@wellington can you kindly spend some of your precious time to clarify??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.
What if you pay taxes having a Thai job or company and all your offshore companies income (dividends?) never remitted in Thailand?Thailand will look at people not paying taxes, and size the tax amount up based on how much you bring in annually.
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?)Basically Thailand isn’t the place for those that wish to operate a offshore company but live off the income
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.If you don't remit income then you don't have to file...
What do you mean flag your passport???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).
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??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.
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?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.
Could you suggest one? I asked a few, everyone says something different and with no baseAGAIN... good accountant and confirmed mark-to-market valuation upto 31/1/23.
Thailand doesn't have CRF rules....@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 !
Thank you!!The Key is ensuring the company doesn't do business directly or indirectly within Thailand.
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