Thailand's tax policy is now becoming more stringent.
I read some news and now it turns out that the 180 day rule does not work. If you pay taxes in your home country, you are also required to pay income tax in Thailand.
If we talk about purchases of any property, now the tax office will be able to check the payment of taxes
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https://thethaiger.com/news/business/thailand-tightens-tax-rules-on-overseas-income-from-2024Thailand’s tax policy, as declared by the Revenue Department, recently stipulated that an individual spending up to 180 days a year in the country and earning income from overseas will be liable for personal income tax.
This decision, governed by Section 48 of the Revenue Code, is expected to primarily influence three groups: individuals involved in foreign stock market trading via overseas brokerages, cryptocurrency traders, and Thais who have previously utilised a tax loophole to bring foreign income into the country tax-free after holding it in an offshore account for over a year.
A source from the Finance Ministry, preferring to remain unidentified, revealed…
“The principle of tax is that you must pay tax on income you earn from abroad no matter how you earn it and regardless of the tax year in which the money is earned.”
