Thailand 0% tax

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What is your‌ opinion @yngmind for technology (software, cloud etc)? Where someone in Thailand can incorporate? I read‍ several DTAs and worry me … for example, despite that they say that if you⁠ don’t get the money into Thailand you’re not getting taxed, the DTAs say different things..⁤ which is valid ?
 
From 25 years experience of living here and dealing with the thai government and the‍ thai courts.

Show me one expat who has had a problem with the thai government⁠ with overseas companies regarding tax since 1998. Facts matter.
 
DTAs can never⁤ introduce new taxes. They can only put restrictions on taxes.
In the DTA, there could⁣ be a rule "Nonresidents have to pay up to 10% tax on sex with ladyboys"⁢ - then that doesn't mean you have to pay tax, unless there is a national︀ law that states there is a tax on sex with ladyboys. Then, even if the︁ national law says the tax is 20%, a nonresident would only have to pay 10%︂ under the DTA.
But then also, the next question is, even if there is such︃ a law, is it really enforced?
 
rof/% rof/% rof/% rof/% rof/%
Why did you have to go there? smi(&% smi(&% smi(&% smi(&% smi(&%

PS. I laughed so f*cking hard‌ rof/% rof/% rof/% , everyone in my client's warehouse wanted to know what was so funny, but since‍ most of them had never traveled to Thailand, the joke would fall on deaf ears⁠ smi(&% .
 
Like set up a cheap UK LLP with EMI/Wise bank account. Cash in‌ the money on the LLP bank account from one of your personal oversea bank account,‍ and using it to pay your daily expenses in TH ?
 
No no no De jacht op “zwarte” debet- en creditcards

Translate.

Start in already In 2011⁠ in the Netherlands You can use your card but you have to pay tax over⁤ it. It’s now 2024. and Thailand can even request this data in 2028 for example⁣ for the last x years.

So many wrong advice on internet . Don’t listen to⁢ people that tell you to use a foreign card without paying tax!!!!!
 
My friends in Spain use cards from relatives/friends who aren't EU residents.⁢ I'm sure it's illegal, but it works.
 
I know people do but this is Thailand and⁣ face recognition is more advanced day by day. I should not advice it. Why do⁢ you think we had to make a face recognition on our iPhones with face mask︀ . $$$$$$$$$$

They did a freedom of information request for this project. Partly approved. For︁ the people that like to read it Documenten bij besluit Woo-verzoek Project debet- en creditcards︂
465mb of files where shared
 
I am talking to pay directly with the corporate bank card (from⁢ the UK LLP in my example), not from your oversea personnal bank accounts.

Is there any change from when you posted late september︁ 2023 regarding to use oversea corporate bank card for daily expense instead of individual ones︂ ?
 
A little bit of forethought and planning fixes this... 😉

Obviously, if "Jan⁢ van de Groot" is Dutch and a resident living in the Netherlands, it would be︀ wise for him NOT to use his foreign credit (e.g., USA) cards in the Netherlands.︁ This would be absolutely stupid of Jan. He should NOT even have them in the︂ Netherlands.

Now, if Jan goes to Thailand for vacation (or business), Jan can and should︃ use his "foreign" credit cards (USA) in Thailand. What Jan should NEVER ever do is︄ travel with those foreign-issued credit cards to the Netherlands. This is a major no-no for︅ Jan.

If Jan earns €100K/year in the Netherlands, Jan MUST live within his means (<€100K/year).︆ Jan is NOT in Latin America, where everyone is looking for the next Carnival, Wet︇ T-shirt party, barbecue, or football game (soccer for our American friends smi(&% ). Jan lives in︈ one of the most developed countries that chase taxes like there is NO tomorrow. The︉ Dutch truly believe that Jan MUST gift them +50% of his earnings and wealth!

Jan van de Groot must think ahead and plan accordingly! He should assume that while he︊ is in the Netherlands' jurisdiction, within its borders, he is being watched 100% of the︋ time. Once he accepts this, he has the undefeated upper hand! Jan can NO longer︌ be defeated. Jan's following words to anyone are: "Go f*ck yourself!"

Also, in case I︍ wasn't "duidelijk" (clear, direct, clarity)...the previous millions of times I imparted the following wisdom:
There are NO mutes in prison! Never EVER! No exceptions! smi(&%

F*cking BRILLIANT! 😉

I agree with⁣ this 100%! Going to an ATM with face recognition is an ABSOLUTE F*cking NO-NO!

On the other hand, paying for dinner at Asador Donostiarrra (with the credit card of José⁢ Maria of Argentina) should NOT come back to haunt anyone. 😉
 
Man, your posts always have an intriguing air of mystery that captures the︍ imagination. I often picture you with a glass of something fine, patiently writing these words︎ in the quiet of the evening. It's truly a treat to read your posts.
 
Had this discussion Friday⁤ night one of my friends was talking about doing that - but like I pointed⁣ out his data as owner / director would be shared under OECD CRS as the⁢ UBO or beneficial owner So the only way that could conceivably work is if there’s︀ a nominee…

Done via a corp based in a country that isn’t transparent… via a︁ bank that isn’t transparent.

I’d hazard a guess my Friday night ‘friends’ range between 60,000-1.2m︂ annual spending (CHF) in Thailand..

So a broad spectrum of ideas / and living costs.︃

Most of them are not thinking it through properly and IMO being very risky…

There’s numerous ways to legally reduce exposure to tax and in many cases they may not︄ even have to pay as retired and grandfathered in.

It’s those that are still earning︅ that will have issues IMO.
 
F*ck! This will definitely‌ get investigated, even in the worst Banana Republic! 😳

PS. Of course, unless the spender is‍ Jeff Bezos, Elon Musk, or others with verifiable wealth or income to sustain this.
 
Why is cheap?? They have audits, tax filling etc etc plus what is the tax?? I’m⁠ so confused with this, please can you kindly clarify? Thank you
 
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