Showing posts with label Laws. Show all posts
Showing posts with label Laws. Show all posts

Saturday, 10 February 2024

Expat Tax Twists in Thailand: Navigating the New Landscape in 2024

A new reality is dawning for expats in Thailand.

A significant overhaul of the Thai tax system, effective January 1st, 2024, has thrown a curveball at the expat community, raising concerns and prompting a scramble for solutions.

This article delves into the intricacies of this new tax tango, offering a roadmap for expats to navigate the complexities and unlock potential strategies to secure their financial future in the Land of Smiles.

Previously a haven for foreign income, Thailand’s tax code offered a sweet deal to expats:

Foreign earnings stashed abroad remained blissfully untaxed. However, the new year has ushered in a paradigm shift. Now, all foreign earned income brought into Thailand by tax residents, including expats, is subject to personal income tax. This marks a significant departure from the past, leaving many expats wondering how to navigate this uncharted territory.

Understanding the Old and the New:

To grasp the full impact of the changes, let’s rewind to the pre 2024 era. Expats enjoyed the freedom of keeping their foreign income untaxed as long as it remained outside Thailand. Income earned and brought into the country within the same year was subject to tax, but passive income like pensions and investments from abroad existed in a grey area, with no clear guidelines.

Fast forward to 2024, and the landscape has transformed. The new law dictates that all foreign earned income remitted to Thailand by tax residents is subject to personal income tax.

Full Story: HUA HIN TODAY


 

Saturday, 14 September 2019

Thailand - TM30 not fit for purpose


In March, the Immigration Bureau resurrected the draconian regulation known as TM30 with the aim of keeping track of foreigners' whereabouts. It is legitimate to wonder whether any foreign criminals have disclosed their movements to authorities via the TM30 form.

The possibility seems unlikely, even though this is the ultimate goal of the latest enforcement of this regulation. What is certain, though, is that it has blighted the lives of law-abiding foreigners with a hellish web of paperwork.

Over the past couple of months, a broad spectrum of expat communities here have chorused their disagreement with the regulation, sharing experiences of how the law has made their stay in the country unnecessarily complicated and is affecting the ease of doing business and investment here.

This diverse feedback should be treated as strong enough evidence for Thailand to put an end to the hassle. And a solution could be as simple as amending the 1979 Immigration Act. But the outpouring of expat frustration seems to have fallen on deaf ears in government.

The regulation was made at a time when the country was facing an influx of Vietnamese and Cambodians fleeing conflicts at home, and authorities understandably wanted to keep an eye on them. This was also a time when the number of foreigners was just a small fraction of the current figure.

The Immigration Act's Section 38 requires that landlords must report the presence of any foreign tenants to authorities within 24 hours of their arrival.

Section 37 imposes the same rule on foreigners. They must report their nightly whereabouts, as and when they move around the country.

Failure to report means a fine of 800 to 2,000 baht and also the risk that the foreigner may be denied extension or renewal of their visa or work permit.

As time went by, the regulation fell into disuse, largely because it was no longer practical and too rigid. Reporting foreigners' whereabouts to authorities was mainly done by hotel operators on a weekly basis to comply with the 2004 Hotel Act.

In the absence of TM30 enforcement, the country had been efficiently managing expats and tourists via the hotel law and other immigration regulations. Everyone seemed to be happy, until the TM30 rule was dusted off and began baffling both Thai landlords and expats.

The Immigration Bureau has cited national security as the reason for enforcing the law again, expressing concern over foreign criminals who stay here for extended periods.

But immigration officials' mission to keep "bad guys out" must now be bogged down by the huge volume of paperwork triggered by the revival of TM30 rules.

Ensuring public safety is a noble cause. But it won't be achieved by applying the toothless and outdated TM30 regulation as a blanket measure that treats all foreigners as criminal suspects whose movements need to be strictly monitored.

Officials appear to have forgotten that this self-disclosure measure only affects law-abiding people. Criminals or terrorists will not be as naive as to tip off authorities about their movements or even inform their landlords.

Authorities must come up with alternative anti-terrorism and anti-crime strategies if they want to stay a step ahead of foreign criminals.

The TM30 has done more harm than good. The government and parliamentarians should push for amendments to the Immigration Act to do away with it.

Source - BangkokPost

Thursday, 13 June 2019

#Thailand’s prostitution laws out of step with reality


Despite firm denials that prostitution is a ‘thing’ in Thailand and the high-level narrative that prostitution in the Land of Smiles is just an outdated type-cast, the evidence to the contrary remains obvious, in plain sight, any night of the week.

Yesterday a “Review of the prevention and suppression of prostitution laws project” seminar was held at the Thammasat University Tha Prachan campus which aims to formalise and zone sex-related activities in Thailand. The report recommends the country’s sex industry be controlled under the authority of the Department of Local Administration.

Thai PBS reports that Law lecturer Akawat Laowonsiri says Thailand is obliged to protect the rights of sex workers and is a signatory to  international commitments like the Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW).
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Dating with thai girls
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The researcher said that updating the laws will tackle the issue of the health and well-being of all stakeholders in the sex industry. For example, a law to protect the rights of a wife whose husband has a sexually-transmitted disease is needed, in accordance with the principle of universal coverage. Sex workers should be free to refuse to provide a service and they should have the right to be fairly treated and paid in the workplace.

In response to those who fear a rise in the number of people entering the sex industry if the laws are amended, Dr. Akawat Laowonsiri confirmed that his study shows a steady decline prostitution in Thailand since the Vietnam War, when the industry was at its peak.
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He added that people in the sex industry face many challenges to which most Thais are not exposed, such as organised crime, drug dealers, human traffickers and more. This situation remains due to the hush-hush nature of the work they do.

“From the conservative point of view, it is necessary to have this kind of law in place to improve society. We have to find a way to adapt to the changing world,” says Dr. Akawat.

Source - The Thaiger and Thai PBS