JacobAldridge@alien.topBtoDigital Nomads@expats.zone•Offshore company for European citizen living abroadEnglish
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1 year agoIt doesn’t look like Thailand has CFC rules, but my understanding of their recent personal tax changes are that OP would have to pay local tax on all money he remits to Thailand (ie, his annual spending as a tax resident there).
https://taxsummaries.pwc.com/thailand/corporate/group-taxation
https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2018/09/thailand-2018.pdf
No corporate tax works if OP is living frugally, and therefore retaining earnings or cash in their corporate structure.
I agree with the broader point that someone earning €35,000 should focus more on making that consistently €100,000+, before worrying about tax optimisation. I’d rather pay 40% on €100,000 than 0% on €35,000.
I remember when it looked like kids weren’t going to happen for us (we eventually got lucky, she starts school next year). And my beautiful wife and I sat down and had the heart-to-heart conversation about what life would look like in this scenario.
I said, “I guess we’ll just have to be rich and happy travelling the world and sleeping in all the time.” That softened the blow somewhat…