Wonderful timely info. Let’s face it international tax law is going to become a moving ‘feast’ I thought Thai expat retirees had other tax laws pertaining to their incomes? So they are proposing to make it a ‘residential’ tax system with no carveouts for retirees? Have I understood you correctly Please continue to highlight such changes in favoured expat destinations
Thanks @bornfree8487. We will continue to highlight such changes! Agreed it's going to be a "feast" - that's why I am trying to build awareness of these tax issues coming up. My understanding is that it's still not a worldwide/residential tax system, it is just income brought into Thailand being subject to tax (whenever brought in). I believe there are no further changes to the tax system in Thailand. I presume that the Double Tax Treaty will still take precedence so there may be some tax relief for retirees if applicable.
Have you been affected by the recent Thai tax changes? Share your thoughts and experiences below. Let's have a conversation about how these developments impact expats and businesses in Thailand. Your insights could help others navigate these shifts. #ThaiTaxChanges #ExpatLife
Thanks for the update!
@steves1188 Thank you sir!
Wonderful timely info. Let’s face it international tax law is going to become a moving ‘feast’
I thought Thai expat retirees had other tax laws pertaining to their incomes? So they are proposing to make it a ‘residential’ tax system with no carveouts for retirees? Have I understood you correctly
Please continue to highlight such changes in favoured expat destinations
Thanks @bornfree8487. We will continue to highlight such changes! Agreed it's going to be a "feast" - that's why I am trying to build awareness of these tax issues coming up.
My understanding is that it's still not a worldwide/residential tax system, it is just income brought into Thailand being subject to tax (whenever brought in). I believe there are no further changes to the tax system in Thailand. I presume that the Double Tax Treaty will still take precedence so there may be some tax relief for retirees if applicable.
Have you been affected by the recent Thai tax changes? Share your thoughts and experiences below. Let's have a conversation about how these developments impact expats and businesses in Thailand. Your insights could help others navigate these shifts. #ThaiTaxChanges #ExpatLife
l know there are a lot of Aussie expats that live off there pensions and some bank interest. They are very worried
@@brucemackenzie6026 Agreed - there is still little information shared from the Thai Government. However it seems like there is no avoiding this.