Updated list of Territorial Tax Countries

[manukahoney]

Didn't Thailand close the loophole with postponed remittance and generally require to declare your world-wide income?
Also wholeheartedly agree with those who don't recommend settling in Thailand with kids, especially on some small island. It's a nice place to downshift or party solo, not to raise the family.

 

[Mercury]

manukahoney said:
Didn't Thailand close the loophole with postponed remittance and generally require to declare your world-wide income?
Also wholeheartedly agree with those who don't recommend settling in Thailand with kids, especially on some small island. It's a nice place to downshift or party solo, not to raise the family.
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Thailand does not tax worldwide income yet, just non-exempted foreign remittances.

There are very good international schools, modern facilities in urban areas and quality of life for a family is in general, to my taste, better than any other Wokistan state.

 

[Radko]

Mercury said:
Thailand does not tax worldwide income yet, just non-exempted foreign remittances.

There are very good international schools, modern facilities in urban areas and quality of life for a family is in general, to my taste, better than any other Wokistan state.
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My sister is in Thailand with her husband and 3 kids, they are super happy.

The kids go to a school in the center of Bangkok (NIST} and it's really good! Way better than most schools in the western world.

My sister doesn't pay taxes on foreign income as of today.

 

[manukahoney]

Mercury said:
Thailand does not tax worldwide income yet, just non-exempted foreign remittances.
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It seems I was mislead. They did close the option to remit foreign income tax-free, but as long as you keep it offshore - you don't pay tax on it.

 

[Mercury]

Radko said:
The kids go to a school in the center of Bangkok (NIST} and it's really good! Way better than most schools in the western world.
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I bet it is! NIST is among the top 3 most expensive schools in Thailand (school fees ranging from 15K-30K USD yearly per child).

 

[Radko]

Mercury said:
I bet it is! NIST is among the top 3 most expensive schools in Thailand (school fees ranging from 15K-30K USD yearly per child).
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Yeap, I think my sister is paying 20K per child, not cheap, but great for children that want to get on the IB diploma program.