You can have very substantial foreign income and pay no tax in Thailand at all, but it depends on if you have savings. Simply to do not bring the income into Thailand if you live here. Bringing in the savings would be the smart move.sometimewoodworker wrote: ↑March 11, 2024, 2:53 pmThat is true for those who have no foreign income.anefarious1 wrote: ↑March 10, 2024, 9:03 pmI do believe, at this point, there is enough guidance from the Thai Revenue Department to plan ahead and possibly minimize any tax burden.
However I think the majority do have either foreign income or foreign funds being remitted into Thailand and for them they need to study the details of their DTA and the Thai treatment of funds remitted.
I mean... I don't know how else to say it.
For those who continue to say we know nothing about how this is going to play out and it is all speculation and guessing, please disregard this message! I can only assume that either you have minimal or no savings in your home country and rely on a pension to get by or you cannot be bothered to understand the details.
For those with any real savings in your home country (few Udon expats, I know), you can bury your head in the sand waiting for some high authority to spell it out for you (won't happen). I think the idiom, "You can lead a horse to water, but you can't make them drink" applies here.