New Thai Tax Rule Threatens Expat Retirees’ Foreign Earnings
Real estate purchase decisions held back pending indicators on enforcement
By: Jens Kastner
A new Thai rule on payment of personal income tax from overseas income meant to step up tax collection from citizens who invest in shares, bonds, and property abroad has become a major irritant for tens of thousands of Western retirees in the kingdom, as it closes a loophole that had allowed many of them to avoid paying income taxes.
The …
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