What consequences of the new Thai Tax regulation ? Retired, digital nomads, investors, entrepreneurs 

Maybe you could fly back to England once or twice per year, for a short holiday to visit family etc, and carry this gold back to Thailand in the form of a necklace etc, (and NOT be taxed on it) then sell it in Thailand for baht, instead of making the money transfer and being taxed on it?

In Australia, selling gold for a profit is not considered a capital gain for tax purposes.

That's not true, though. Savings is not the same thing as income. If you earned the money in a year you weren't a Thai tax resident, then there's no issue at all. Also: it would be a pain in the ass to have to file a tax return in yet another country, but even if you theoretically would have taxable income (say from an overseas company) there's a good chance that you'll end up covered by a taxation treaty so that paying tax in the one country gives you a dollar-for-dollar/ Baht-for-Baht credit against the tax paid in the other country. The panic some expats feel is blown way out of proportion.

Real Estate prices in Thailand are at all time highs. I understand, when Chinese buy Condos here for money laundering, but why would you, if you can basically rent wherever you want for a more reasonable price?

@@asterisk911I don’t think that you are entirely correct with what you are saying. If people spend 180 or more days in Thailand per calendar year, they will be subject to Thai tax laws, so whatever money you receive into a Thai bank account in your name, you WILL be subject to tax on that money, weather it’s “savings” or earnings, at a rate up to 35%. You WILL have to provide proof to the Thai tax department as to exactly where that money came from and what overseas taxes were paid on it, then Thailand WILL subject you to, UP TO 35% tax in total on that money. So if you can prove that you were taxed on that money, in England at 25%, then Thailand WILL tax you UP TO 35% (in total), ie, an additional 10% tax gift to the Thai govt, on that money, so you WILL have to submit two tax returns in total, one for each country.

the answer to all these questions is easy : let's get out of here within the next 180 days. You should never stay in a place where you are not welcome. I am here since more than ten years, with several properties and vehicles, I just put everything for sale ...

indeed

Like that guy from Integrity legal youtube channel said, most of the people who comment on tax changes should stay in their lane because they don't know anything

they have released full details. most just refuse to listen because they don't like them

@@Dale-Winthorpe-CEO So you know more than Tim Newton from the News? He just mentioned today that no details are known.. He should hire you as an expert!

@@neilclark8087 Tim Newton is a lifestyle vlogger, not an expert. I get my tax advice from qualified accountants and lawyers. Not RU-vid lifestyle gurus. I suggest you all do the same.

The details have been released. What's in question are the gray areas that are always in Thai policies. Thais love to keep out specific details in case they need to change things.

Ridiculous, they haven't even clarified the rules yet

it already happened

Actually, it’s an interpretation by someone in the revenue dept who in return put out an order. But this order is not a reform to the tax laws and will likely be challenged in court long before it’s ever implemented. So anyone worried about this and taking Tax advice from the 80,000 RU-vidrs who are capitalizing on this without having a law degree, are crazy.

no.