Schools in Thailand are very very expensive (good schools) compared to other options.. check the costs
Updated list of Territorial Tax Countries
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It's only a matter of time before the end of country-specific taxation. Soon, all countries around the globe will change their rules so that one is taxed on everything they earn, regardless of where in the country they reside.
thats not so easy to do. Not even the eu is at that level besides being culturally somewhat close.
The following countries either have a traditional territorial tax system or elements of one at the time of this writing: Updated: August 23, 2022
Andorra- Territorial taxation, only of nonresidents.
Angola – Territorial taxation.
Anguilla – Territorial taxation.
Bhutan – Territorial taxation.
Botswana – Territorial taxation.
Costa Rica – Territorial taxation.
Cuba – Residential taxation of citizens, territorial taxation of foreigners. Does not tax nonresidents.
Democratic Republic of the Congo – Territorial taxation.
Djibouti – Territorial taxation.
French Polynesia – Territorial taxation.
Georgia – Territorial taxation.
Gibraltar – Territorial taxation.
Guatemala – Territorial taxation.
Hong Kong – Territorial taxation.
Lebanon – Territorial taxation.
Macau –︀ Territorial taxation.
Malawi – Territorial taxation.
Malaysia – Territorial taxation.
Marshall Islands – Territorial taxation.︁
Micronesia – Territorial taxation.
Namibia – Territorial taxation.
Nicaragua – Territorial taxation.
North Korea –︂ Residential taxation of foreigners, territorial taxation of nonresidents. Does not tax income of resident citizens.︃
Palau – Territorial taxation.
Palestine – Territorial taxation.
Panama – Territorial taxation.
Paraguay – Territorial︄ taxation.
Philippines – Residential taxation of citizens, territorial taxation of foreigners.
Saint Helena – Territorial︅ taxation.
San Mari – Territorial taxation.
Saudi Arabia – Residential taxation of citizens, territorial taxation︆ of foreigners.
Seychelles – Territorial taxation.
Singapore – Territorial taxation.
Somaliland – Territorial taxation.
Syria – Territorial taxation.
Taiwan – Territorial taxation in general, but residential taxation under the alternative︇ minimum tax.
Tokelau – Territorial taxation.
Tuvalu – Territorial taxation.
Zambia – Territorial taxation.
https://htj.tax/2019/12/lets-talk-about-latin-america/
Andorra- Territorial taxation, only of nonresidents.
Angola – Territorial taxation.
Anguilla – Territorial taxation.
Bhutan – Territorial taxation.
Botswana – Territorial taxation.
Costa Rica – Territorial taxation.
Cuba – Residential taxation of citizens, territorial taxation of foreigners. Does not tax nonresidents.
Democratic Republic of the Congo – Territorial taxation.
Djibouti – Territorial taxation.
French Polynesia – Territorial taxation.
Georgia – Territorial taxation.
Gibraltar – Territorial taxation.
Guatemala – Territorial taxation.
Hong Kong – Territorial taxation.
Lebanon – Territorial taxation.
Macau –︀ Territorial taxation.
Malawi – Territorial taxation.
Malaysia – Territorial taxation.
Marshall Islands – Territorial taxation.︁
Micronesia – Territorial taxation.
Namibia – Territorial taxation.
Nicaragua – Territorial taxation.
North Korea –︂ Residential taxation of foreigners, territorial taxation of nonresidents. Does not tax income of resident citizens.︃
Palau – Territorial taxation.
Palestine – Territorial taxation.
Panama – Territorial taxation.
Paraguay – Territorial︄ taxation.
Philippines – Residential taxation of citizens, territorial taxation of foreigners.
Saint Helena – Territorial︅ taxation.
San Mari – Territorial taxation.
Saudi Arabia – Residential taxation of citizens, territorial taxation︆ of foreigners.
Seychelles – Territorial taxation.
Singapore – Territorial taxation.
Somaliland – Territorial taxation.
Syria – Territorial taxation.
Taiwan – Territorial taxation in general, but residential taxation under the alternative︇ minimum tax.
Tokelau – Territorial taxation.
Tuvalu – Territorial taxation.
Zambia – Territorial taxation.
https://htj.tax/2019/12/lets-talk-about-latin-america/
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.
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.
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.
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.
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.
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.
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.
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