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

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Can honestly say in my time being in Malaysia, never really even noticed it was‌ islamic, as it's not really in your face, especially in KL, Penang, even Langkawi, few‍ elements such as beaches, etc or food sure but it's not like say the middle⁠ east/gulf, rather laid back.

Besides if you want Bali is always a option (not islamic)⁤
 
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 Europe 🙂
 
The 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.
 
New Update: https://www.nationthailand.com/business/economy/40043831

  1. 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.
  2. 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.
 
Compare to BKK?‌ really? 😵

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.

All same feedback :

HK changed a lot (more negative now).
SGD boring AF.
 
HK is f*cking heaven indeed.

no lol BKK wins obvs but we are‍ having this conversation through the lense of 'tax reduction'
 
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.
 
Depends on⁢ nationality.

If American yes, if British 'perhaps', if Australian 50/50.

UK would be used as︀ the 'peace-maker', Australia would be a direct threat (launch pad), US is the nemisis.

A lot of these things are dealt with through back-channels.

I.e In Thailand i have three︁ routes to the Head of State for the UK to harvest if Thailand was turning︂ to say China (long-term relationships, or relationships via family).

Similar in HK/China through business partners,︃ etc, a lot of calming down things is done via back-channels via relationships.

The US︄ Never learned to harvest its civilian relationships abroad, the UK has soft-power specifically because it︅ does.
 
And what is the cost for this??
What level of incomes︁ does it worth to do it for???
Thank you
 
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..
 
@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 Thai︀ customers etc.
talking about online services & consulting, NOTHING crypto related.
What if you pay taxes having a︃ Thai job or company and all your offshore companies income (dividends?) never remitted in Thailand?︄
What if one want to operate︆ 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 the︈ money offshore, customers offshore and nothing to do with Thailand? (But yes RD might consider︉ that offshore is operated from the 100% shareholder the guy tax resident of Thailand?)
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.
What do you mean flag your passport???
What accounts they freeze?‍ Local or worldwide?
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 account︀ and never remitting anything??
Yes but the RD︆ law says “if work performed in Thailand, so in this case work performed in Thailand︇ (during the LB BJ head).. so what is the case here?
Could you suggest one? I︉ asked a few, everyone says something different and with no base
Thank you
 
Thailand doesn't have CRF rules....

Simple as that.

Your company overseas isn't brought onshore if you live in Thailand, whereas if you live in‍ say the UK it is.

Thats active management or passive management.

The Key is ensuring⁠ the company doesn't do business directly or indirectly within Thailand.
 
Thank you!!
Yes but they can say that the “jobs” of‍ the offshore company (that was doing services for the European customers, and the dividends were⁠ going to offshore personal account of mine etc), was doing the “work” inside Thailand (the⁤ “real owner of the company/ubo” sitting in a chair in Thailand doing all these). Also,⁣ as there is not trust to the directors there at the offshore company region, the⁢ 100% shareholder (Thai tax resident) does all the bank transactions while inside Thailand so can︀ this create issues?
No remittances in Thailand, no physical products, no Thai customers, no crypto,︁ nothing illegal.
Thank you
 
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