Understanding the New Thai Tax Residency Rules: A Guide for Expats and Foreign Residents

Understanding the New Thai Tax Residency Rules: A Guide for Expats and Foreign Residents For many expats and foreign residents in Thailand, understanding tax laws can be challenging. Recent changes to Thai tax residency rules have implications for those who spend a significant amount of time in the country. This article aims to clarify these…

Policymakers and politicians – putting the con in consensus….

Policymakers and politicians – putting the con in consensus…. Interest Rates Stand Still Earlier today(22nd March), Paul chatted with Andrea Heng, the anchor CNA’s flagship morning news programme, Asia First. A major topic was Wednesday’s FOMC (Federal Open Market Committee) meeting. The meeting and subsequent press conference had been a relatively muted affair: As expected…

Demystifying the AI Boom: Behind the Hype and Into the Future

Demystifying the AI Boom: Behind the Hype and Into the Future https://www.cnbc.com/video/2024/02/08/deeply-into-bubble-territory-when-it-comes-to-ai-mbmg-group.html In an era marked by rapid technological advancement, the artificial intelligence (AI) sector has emerged as a beacon of innovation, promising to redefine the landscape of our daily lives and work. Yet, amidst this technological renaissance, voices of caution echo, pointing towards a…

The Evolution of Family Offices: A 2024 Perspective

The Evolution of Family Offices: A 2024 Perspective As we embrace 2024, family offices are undergoing a significant transformation, evolving from their traditional role as passive custodians of wealth to active participants in the global investment landscape. This evolution is characterized by a series of strategic shifts, adapting to a complex global environment marked by…

Govt launches cashback scheme for taxpayers as New Year’s gift | “Shop Dee Mee Kuen” Scheme

Govt launches cashback scheme for taxpayers as New Year’s gift | “Shop Dee Mee Kuen” Scheme The Cabinet approved a new phase of the “Shop Dee Mee Kuen” (Shop and Payback) scheme as a New Year’s gift for Taxpayers in Thailand. The Cabinet approved a new phase of the “Shop Dee Mee Kuen” (Shop and…

The Fed’s Pause and Forecasting 2024’s Economic Voyage | by Paul Gambles

The Fed’s Pause and Forecasting 2024’s Economic Voyage | by Paul Gambles “Our thesis for 2024 is that the Fed is so far behind the curve, they’ve lost sight of it. A really soft landing just isn’t a possibility. If the Fed acts aggressively now, we might face a moderately hard landing, but it may…

The Revenue Department shakes things up with new rules on taxing foreign income

The Revenue Department shakes things up with new rules on taxing foreign income What’s New? Previously, Thai residents were only required to pay personal income tax on foreign income if the money was remitted into Thailand in the same year it was earned. The new guidelines close the loophole that allowed residents to defer the…

Venturing into Thailand: The Strategic Choice Between Branch Offices and Subsidiaries

Venturing into Thailand: The Strategic Choice Between Branch Offices and Subsidiaries Thailand: More Than a Vacation Destination Stunning beaches, a rich cultural heritage, and spicy culinary delights make Thailand a global hotspot. Yet beyond its popular appeal, the country is steadily emerging as a business hub, especially in sectors such as technology, tourism, and manufacturing.…

Dazed and confused….. | by Paul Gambles

Dazed and confused….. | by Paul Gambles “I’ve been dazed and confused for so long it’s not true” – Either Jimmy Page of Led Zeppelin or Joseph Robinette Biden Jr. Paul appeared on yesterday’s edition of Street Signs with CNBC’s Will Kolouris. [1] Part of the newer generation of financial journalists, Will brings some great contrarian thinking…

Preparing Your Business for Thailand’s Full Digital Tax Transformation within 5 Years

Preparing Your Business for Thailand’s Full Digital Tax Transformation within 5 Years The Revenue Department of Thailand recently announced a significant step towards a modern, efficient, and more streamlined process of taxation. In the next five years, the country’s tax and customs system is set to become 100% digital. The department has highlighted plans to…