Recent content by mrthit

So basically if you have already a good amount of money earned through bank statements in the previous years before 2024 you can remit tax free? Imagine I earned 1 000 000 in the X years before 01 Jan 24. As long I do not remit more than 1 000 000 you can remit them tax free whilst Resident...

Hey @wellington can I ask you more about this: As it stands half the expat community (professionals) have an overseas vehicle for 'consultancy', paying the tax onshore for income ranges from 50,000THB to 150,000THB per month, the remainder usually via Singapore/HK. Do you mean being hired via...

They are slow but they are trying to create a unified QR system cross APAC. Wise was testing the SG QR code. I do not know how this will evolve tbh.

@wellington thanks for sharing this! I can see Penang, is it where you are looking at? If you haven't spent there more than 2-3 days I would recommend you to go and check. I found people there extremely slow, not a very active community and despite being an Island, its beaches were terrible, on...

I am also now wondering how hi-so Thai influential families will take this, pretty sure they were the ones benefitting the most of this loophole.

I would argue Thailand is not the best place if you wanna stability/consistence, however for how much I like to say “expect everything in Thailand” I didn’t see this coming at all. Maybe joining CRS was a signal. I see the impact real estate

they also recently increased the price of the Thai Elite visa. However being thailand things can change 5 times before 2024.

In the UK Revolut still operates as an EMI. Any idea if they report the UK accounts?

Thanks @johnwickert ! I checking Cyprus ones. How do you see an US LLC (I don’t mind been paid in USD, I can use wise to convert) ? It feels pretty quick and with low maintenance to setup. I am trying to get a meeting next week with a thai tax lawyer to understand how Thailand would see this...

Hello, I found a lot of information regarding Revolut EU (LT ibans) potentially starting doing CRS this year Do you know the situation with REVOLUT UK which is still an EMI ?

Hello! can you explain a bit more on the credit cards or loan? thanks!

If I understand well the Cyprus tax residence rules, he would still need to rent an apartment for the full year despite he living 2 months or more. This would sum up to his taxes. Or am I getting something wrong?

What about Revolut UK?

Hello, I seek some advice to do this put in place the right setup, not necessarily trying to achieve 0% taxes but if it happens, it is better. I read multiple threads but there are things unclear to me still. I am Italian national but not living in Italy and I got tax residence in Thailand for...

Sorry for hijacking, What about if country of citizenship is Italy? despite not being a resident there since 2016. In Thailand since 2019. I closed my work permit in Thailand since May 2022 but I stayed in the country for more than 180 days in 2022. Then I am moving around SEA and will spend 3...