OVZA
New Horizons Paraguay
Ticker tape by TradingView

Thailand new change - world wide income at Thai tax levels to be taxed

Status
Not open for further replies.
I have elite visa, it hasn't expired.

I also have kids, and a wife,‍ so could transfer to that, i chose elite as i didn't have to deal with⁠ immigration, but as the years have passed i increasingly have to deal with immigration....

In future due to tax reasons and education it wouldn't make sense to renew it and⁤ just use visa on entry, as I'll be dancing between Asia and Africa, kids in⁣ school in Singapore, me spending their holidays in Kenya / Zanzibar (Tanzania) and fly-ins /⁢ outs for Thailand.
 
Yes I remember you talked about your elite︀ visa (after your investor visa). I Just made this suggestion as It could solve legally︁ the tax free (remitted or not) under this visa.. IF thailand change the law in︂ the future for worldwide taxation, even not remitted income...

For now i am using the︃ DTV as very cheap and at the end there is almost no chance i spend︄ more than 90days straight in TH within a year (so not have to deal with︅ 90days report, or worse case 1 time a year).
 
Tax for me isn't a issue, as principle(s)︀ are already grandfathered in (more than i could reasonably spend living in Thailand to the︁ day i die) court case(s) already mentioned the sum(s) so that alongside account(s) would safeguard︂ claims.

All the time they don't charge tax on non-remitted income that is (dividends).

BUT to have a less annoying life, better to pay some tax i believe.
 
50/50 that it'll be voted on in 2025 and come in Jan 2026

It will come‍ in, just a matter of when.
 
I thought that, but getting a tax residency elsewhere to pay‍ some tax caused more issues for me.

I feel like I would have been better⁠ off not staying anywhere for 180+ days and being a tax resident of nowhere.
 
So to summarize for now the situation, IF Thailand gvt vote and enforce the worldwide‌ taxation, even not remitted :

1) Staying always 179days or less per calendar year in‍ TH and not being tax resident there. But still not solve properly for another ‘real’⁠ tax residency somewhere (90days in UAE / 60 days Cyprus / keeping Portuguese NHR…?)

2)Opting for the LTR wealthy visa (for the one can prove they have 1M$+ in liquid⁤ asset + 80K$ income/passive income in the last two years) AND invest 500K€+ (20M baht)⁣ in TH.. (real estate included). This is granted you (for now) tax free of foreign⁢ income even remitted, anytime

3)Staying 1 particular year 179days or less in TH and remit︀ any amount of money from abroad free of tax in TH, the same year. But︁ as @wellington said, it doesn’t really help people who has monthly/ regularly income/salary if they︂ tax worldwide and you live in TH the next years for 180days+..

But for this︃ 3) we still have to know which type of income they would tax if worldwide︄ tax (salary, dividends, interests, capital gain from outside thailand too??)

EDIT : 4) Hypothetically, they︅ will give (soon?) a tax advantage of PRIVILEGE visa, for example no tax for money︆ not remitted in TH EVEN if worldwide taxation.. otherwise, as many times discussed, the PRIVILEGE︇ worth nothing anymore actually (with the DTV also for 5years, for 100x cheaper price). Asking︈ people to pay 900K for 5 years, so 5K$ a year as 'flat tax', similar︉ of Malta, would make more sense and more clear. and probably attract in the future︊ more people to pay for the PRIVILEGE (if worldwide taxation enforced).
 
Can't see the privilege getting special tax treatment, that's owned by the tourism department and‌ would eat into the LTR visa market which the thai gov consider much more important.‍

More likely to see changes to the LTR visa types if they push forward with⁠ worldwide taxation imo.
 
In my exemple, I said, IF worldwide︉ taxation enforced and DTV visa still on track :

- PRIVILEGE : you pay the︊ 900K for 5 years. You remit income in TH, you pay tax. You dont remit,︋ no tax, as now.
- LTR : remitted or not. tax free.

And IF they︌ put worldwide taxation, no advantage for PRIVILEGE and cut the LTR.. What's happen ?

Wealthy retired, or Wealthy early retired, rich private investor, crypto millionnaire, sucessfull trader etc..just dont take︍ TH as tax residency, and let all cheap tourist or cheap charlie in TH.. and︎ some US citizen (worldwide taxation anyway..)

Even without this now, we see there are more️ visitors in TH but less income for the country.. so if they want to go‌ that way, they will see what happen in mid term..

Sabai sabai
 
https://www.thaiexaminer.com/thai-n...at-tax-regime-may-link-visas-and-tax-returns/

This one also does not paint a rosy picture. I can see an exodus‌ of expats coming. Expats will ask themselves what do I get for the 30% tax.‍ They still have to have private medical insurance as local medical system is not up⁠ to scratch and they still have to use private schools, you would not send your⁤ kids to a Thai school. Expat can return to their home countries in the knowledge⁣ they pay similar tax levels but decent healthcare and schooling is provided for.

Secondly, some⁢ country's pension contributions were taxed at the time of contributions and are provided tax-free at︀ the time of payment. Even with double tax treaties in place, these pensions will be︁ taxed. Add to that all the paperwork.

Thirdly, Thailand has 30-year leaseholds and a questionable︂ 51% Thai-owned company structure to own property. Do they see the overall expat picture?

On one hand the DTV is about bringing people in. But WW taxation will lead to︃ a massive exodus. The solution here could be a non-dom taxation, maybe with a 10-15-year︄ time limit and special pensioner exemptions.
 
interesting comments from the article.

"
Isn't it fascinating how foreigners are not allowed to‌ interact with the Thai economy, as per the work permit laws because God forbid they‍ make money and take advantage. Yet, somehow, the economy is allowed to interact with foreigners⁠ and take taxes from them because that would be an advantage for the government. So⁤ basically if it benefits us then it's banned, but if it works against us and⁣ benefits the state then it's totally fine.So we can't be part of the economy but⁢ we can be taxed. Yeah...right.

Please credit and share this article with others using this︀ link: https://www.bangkokpost.com/business/general/2883792/minister-urges-tax-system-reshuffle. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL.︁ All rights reserved.
"
 
I'm questioning if Thailand is worth it even if WW taxation never comes in.

Malta looks more and more appealing with the years actually counting towards getting citizenship and less‌ chance of the government changing their mind all the time and throwing out ideas.
 
Really depends if you live hand to mouth (income) or have savings/investments that you can‌ pull from to live off.

I.e some of us have principle invested that allows years/decades‍ of grandfathered in prior income so current stance remains unaffected and the way to deal⁠ with WW income is to use a vehicle as Thailand is still very much territorial⁤ on that front
 
if they introduce WW income even the⁣ money you earn outside Thailand will be taxed.
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
Top Bottom