Transcript of the above video: 

As the title of this video suggests, we are discussing tax in Thailand. I thought of making this video after reading a recent article from the Pattaya Mail, that is pattayamail.com, the article is titled: Thai lawyer updates retirees on personal income tax. 

So as I have discussed in another video I made contemporaneously with this one, I have got no problem with other real professionals. I have made it very clear in other videos, especially my videos excoriating the so-called stamp pimps who run around claiming illegally, to be able to administer and basically dispense Thai legal tax advice, I've got serious problems with that, but real professionals, no problem at all. Quoting directly, and I urge those who are watching this video, check out this article in detail, Pattaya Mail, pattayamail.com. Quote: "However, there are not likely to be major announcements about taxation on overseas income in the four months' administration before a general election is called. The Government is centred on broad economic policies such as rapid economic recovery and public debt. The rumour a couple of months ago that overseas income transmitted to Thailand in the year of earning, or the immediate subsequent year, would be tax-free has not been confirmed by the incoming Anutin Administration and is best regarded as ancient history."

I have talked about this in videos I made on this channel. Until we have a promulgated memo on tax, all of this nonsense talk about a new memo on tax is precisely that, nonsense. And all of it that is being spewed by foreigners who have no legal basis from which to dispense that kind of information, should be viewed as exactly what it is. Suspect in the extreme, okay. I have gone into that in other videos, but to sort of circle back and round it off here for this one, until we see a new memo, we don't have a new memo, so the analysis on tax is what it has always been, and what is that? 

Analysis on tax is narrowly tailored to the specific facts in the underlying case of the individual. There is no ability to broadly dispense advice regarding taxation to the general public, as my colleague, who is mentioned in this video, excuse me, in this article in Pattaya Mail says himself that you can't make one size fits-all effectively - I'm sort of paraphrasing him, I don't want to put words in his mouth - but basically look everybody's case is going to be different, but as he notes, the vast majority of many retirees are not going to be inversely impacted by Thai Tax Policy. And as he points out here also, at the end of the day, until there is a new law, there isn't a new law, and there is no new memo regarding Tax Policy in Thailand. So everybody that is talking about that stuff is basically just wasting your collective time.