I think the BP article statement “Also exempt will be those who have been taxed in a foreign country that has a standing double tax agreement with Thailand” should give comfort to many people. As you implied Thais with overseas investments seem to be the target. Better to wait until it gets implemented before any one gets too excited.
Starting to gel a bit more with the Post article above ^.
As I opined earlier, just my sense this is primarily directed at Thais with enough money and sophistication to have foreign brokerages and investments, dodging income tax when bringing their proceeds into Thailand. But it also winks at farangs in Thailand with foreign investment portfolios producing passive income ultimately brought into Thailand, so that's a wrinkle to keep an eye on.
Suspect Thai Hi Sos and the Royal Loyal caste with financial interests outside Thailand, are taking a dim view on this energetic initiative in Parliament, so I'll cool my jets until we see how this plays out in reality.
I remain mostly confident that Yanks (in particular) with plain vanilla pensions like US Military and/or Social Security, will sail through under their double tax treaty.
I am way more interested in taking photos now with the ease of a phone that takes amazing pictures than I was with the regular cameras back in the day
I appreciate people who are into proper cameras and photography, that's pretty cool
I just wasn't and now will take more because of the phone
It still is vague and as written seems to point to they will tax any of your savings from your country you send here. And what is extreme is their tax rate is very high. In say like the USA, tax exempt on anything lower than $12,950 for Federal, and if say someone makes soem money on the outside of an employer, even though exempt then as I see it Social Security and we call it Medicare has to be paid and that total amount is 15%. If you toss Thailand's tax in on it and it now is a lot of money off what ever you made. This these bozos really need to sort this out as taxing any savings of any expat is a big no no, or apply a straight rate Thai tax is a no no too. Their tax rate is way too high for us foreigners.