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.
Only ever visited once - seemed ok

Beaches of Langkawi are amazing though

Also if⁣ you are just using it for tax planning then use the whole of Malaysia

So KL 1 week
Sarawak 3 weeks
Penang 4 weeks

Then somewhere else in ML

It’s a very diverse country with lots of areas to stay/visit

Bali is also great (preferred)⁢ and Thai consulate there is rather chilled (I used to do visa renewals there at︀ one point)
 
Why wont this be like with immigration? Rules are just made up on the fly,︌ by the person who sits in front of you and his current mood on that︍ day.
Like what now has happened with that completely ridic tm30 system.
 
Because the law is the law, and you actually have a method to⁠ dispute via the court process.

Immigration is a fiefdom (decentralised), revenue department is all managed⁤ from Bangkok, all digital, having said that immigration increasingly is all digital routing out issues,⁣ hence they want you to go to an agent as they still get their cut⁢ via a agent.

I had a immigration officer at my last criminal case (translating and︀ coordinating/negotiating) the younger don't want corruption, its the elderly and they are being squeezed out,︁ they prefer to take on honest secondary roles like in legal/justice .
 
ive seen a very different place but‍ understand a public forum is not an ideal place for expanding this further.
not my experience at all︂ with the young, the young are even more economically squeezed due to very high cost︃ of living and a low earning capacity due to very low salary band, they dream︄ of emigrating and going to the west bc children and its education there is free︅ (and in Thailand a good education cost about 1M baht/y) is not even in the︆ realm of possibility), additionally burdened by the retirement needs of parents but ymmv.
This can︇ be seen in the demographic which is an outlier in SEA.
 
One thing i will say is a lot of people try and play the system,‌ by having businesses that sell into the West or operate in the West, they'd be‍ far better off shorting against the West both in return and in management of their⁠ financial affairs giving them years to tax plan ahead and a far better return, which⁤ i suspect you also do with or without knowing @JackAlabama

I am referring to the police /⁢ gov side.

a job in gov is a job for life in Thailand.

Will also︀ add... in Thailand, a lot of students get their degree in Thailand then a degree︁ abroad and return to Thailand to earn good incomes...

I imagine you are referring to︂ those that are not intellectually capable, and yes many of them head to the West︃ (hence its downfall).

Degree as a doctor in Thailand is 3m total.

Computer science degree︅ is about 300k and legal is about same.

Know this from experience.

Will also add︆ wives uncle retires soon (police senior) he's on the younger cohort of the old guard,︇ anti corruption, those above (older) are all corrupt.

Younger ones below are less corrupt (en-mass).︈

FYI being fined for not wearing a helmet etc isn't corruption, the police system in︉ Thailand is rewards based i/e money laundering division get a % of the spoils, same︊ approach goes down hill to the police on the street.

Also a better system, because︋ less tax load....
 
You mentioned bali, I was reading that if⁢ you live in bali under a non permanent visa you are treated as a non︀ resident for tax purposes even if you live for more than 183 days? Would you︁ have any idea about that? I can probably structure it with maltese residency where minimum︂ stay is 0 days and all foreign income is tax free, allows me to add︃ another layer of safety.
 
Thanks for the inputs, I'm‍ planning to move to south east Asia myself with my family once I am done⁠ with Malta, although my taxes are optimised I think it's better I get out of⁤ Europe sooner and move to a decent place which has better weather, people and decent⁣ taxes. Malaysia is my no.1 choice to live for tax residency and diversity, banking in⁢ singapore and offshore company in Hong Kong and holiday home in Thailand or bali .︀
 
I am renting‍ a villa near the sea in the south with a big garden, it's nice and⁠ peaceful but I see problems in malta in the long run, I pay very little⁤ in comparison to acquisition cost which would be around 3m euros for the place I'm⁣ staying. Is it worth it, yes for the short term till my patents are sold,⁢ then I am off to south east Asia.

Seriously considering singapore but my problem with it is that︁ raising kids in an excessively materialistic and classist society has its repercussions, I lived in︂ dubai and saw many cases, hence keeping malaysia as my No.1 option for now but︃ you never know.
 
I just ran some numbers, avg person spending 100k a month in Thailand is gonna‌ have tax of roughly 120-180k a year.

That's not actually bad to be honest, unsure‍ what all the fuss is over.
 
Best joke you've‌ had so far! smi(&% rof/%

This made me laugh so hard! Thank you! I needed that! 😉
 
Did you go‍ to the main office? I went to a Area office in Bangkok and couldn't get⁠ anything done sadly, the only person who spoke English was an entry-level position employee, and⁤ even though he tried to help with my questions he ended up advising me to⁣ go to the main office.
I've paid 3 different tax accountants for DTA advise about⁢ my situation, and they all gave 3 different opinions regarding how much tax I need︀ to pay here.
Is it possible to get an official tax ruling from the Revenue︁ Department like in other countries?
 
Seriously?

I suggest you spend more time in‍ Thailand to understand how it works out there.
 
Discussion with︀ regional office yes and phone call with head office

Had no issues with speaking English︁

But some words ares specific Thai so the translated Word has to be confirmed if︂ dealing in Thai - same in legalese in general
 
If hold multiple directorships in different regions, to minimize tax outlay, invest any profits/salary in‌ investment accounts, form a Thai company and pay taxes locally as a workaround?

I.e. have‍ no foreign income visible
 
I do understand your point, but my idea is‍ if an official tells me in writing I only have to pay 10% tax, it⁠ can prevent another official in the future disputing my tax return and saying I need⁤ to pay up to 35% 🙂
 
Just calculate a rough estimate which has you paying them 100-200k⁤ in taxes... and pay it.

Thailand will look at people not paying taxes, and size⁣ the tax amount up based on how much you bring in annually.
 
Planning to⁠ invest 500k$ for LTR so definitively need to know in advance what the actual net⁤ amount will be - 5%, 10% or 35% 🙂 I'll try going to their head office⁣ next month to get an official answer. Sadly most of my NW was made this⁢ year so can't use previous years savings
 
Definitely remit the money you want to invest in a year you are not tax resident⁤ in Thailand. Tax-free. No need to declare anything and deal with TRD.
 
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