
Bad news for foreigners with foreign income living in Thailand as the government in Thailand will tighten tax regulations on foreign income to Help the Thai economy right. Thailand will tighten loopholes in tax rules on overseas income as the new government attempts to lower income gaps as well as increase income to pay for measures to stimulate the economy the finance ministry last week issued stricter rules on overseas income.
Thailand's prime minister told the Business Forum on Monday that new rules that will come into effect on January 1, 2024 will allow authorities to tax foreigners' income if they have been residents of Thailand for at least 180 days in a given assessment year. This is in accordance with the announcement by the Thai Revenue Department. Some people may not be happy that I delve into this area, but inequality is a big problem referring to the growing wealth gap due to tax loopholes.
the big question is how many people come to Thailand and stay here properly and live off the money they earn from other sources of income from other parts of the world.
I have some Thai acquaintances, the situation in Thailand currently, is not crypto friendly. Is This a crazy policy? They already pay taxes on their income, there is no need to do it twice. What do you think will be the response to this news? I mean, let's say you're a foreigner in Thailand, let's say you have income in America does that upset you?
Source : https://cointelegraph.com/news/crypto-thailand-tax-overseas-income