Thailand tax situation

[drpreobrazhensky]

The owner of this particular exchange specifically told me that there's no record⁠ keeping of any kind.

They seem to deal mostly with Russians, maybe that's a factor.⁤

I hear you.

But you won't stop progress and you probably won't become an Amish.︀

I'm a big fan of Bitcoin Cash for that reason, it just lacks widespread adoption︁ but seems to have a decent head start as decentralized, p2p cash.

The more draconian︂ all the govs become the more it will push people into parallel economies, anonym crypto︃ payments / gold, etc.

 

[scooterguy]

I agree.

 

[MagicMatt]

I was on a flight in December with Ursula von de Leyen..

It was clear‌ from my couple of hours chatting with her (Dubai to Brussels) that the EU is‍ a basket case.

Move your money to the Caribbean where privacy laws still protect clients.⁠

 

[JackAlabama]

what has ursula done in Dubai?

 

[MagicMatt]

She was returning from that COP24 thing.

 

[Wellington]

It’s not enough moving your funds - you need to move yourself and you need‌ to obtain citizenship from an irrelevant country that has half decent taxes or no taxes‍ and has a young demographic makeup.

 

[JackieTsan]

What about PE? I met one of the tax experts and they insisted that PE⁤ is active if you manage (or you own) an offshore and you’re base in Thailand⁣ (even if you you have a director there and get profits/dividends always offshore, nothing never⁢ ever remitted in t Thailand (I.e. from an0% offshore move your income to Europe). He︀ insisted it’s PE and he advised to use a company in Thailand which will be︁ paid for using me doing the job (so Thai company will invoice the 0%). I︂ believe they will. Create more problems than make it properly. So my decision is that︃ moving to an other country is the best option

What about PE? I met one︈ of the tax experts and they insisted that PE is active if you manage (or︉ you own) an offshore and you’re base in Thailand (even if you get profits/dividends always︊ offshore, nothing never ever remitted in t Thailand (I.e. from an0% offshore move your income︋ to Europe). He insisted it’s PE and he advised to use a company in Thailand︌ which will be paid for using me doing the job (so Thai company will invoice︍ the 0%). I believe they will. Create more problems than make it properly. So my︎ decision is that moving to another country is the best and safest option. Am I️ correct?

 

[JackAlabama]

which country are you going to?

 

[JackieTsan]

Hi Jack I’m talking‌ about Thailand here, is this valid?
Plan to go to Georgia or Cyprus (but still‍ unclear about the 2.87% for GESY which is the mandatory tax in every worldwide income⁠ dividends). Also still researching about possible PE considerations there

 

[JackieTsan]

But what actually? According to what‍ @wellington gave as feedback from the revenue dept it’s not PE. According to a tax⁠ expert I’m discussing with last days, it is. What is the right?

 

[JackAlabama]

idk about georgia or so, but you can solve it by adding⁤ substance to your company or pick 2 places where you spend 170 days each and⁣ the rest is a holiday.
One of these two options will make it better.