Proposed Changes to Thailand Tax (It's not good)

Thailand is considering making major changes to the way it taxes residents, including expats who reside in Thailand. This is on top of the already announced changes to the way foreign sourced income is to be taxed from 1 January 2024.
Now there are reports that The Thai revenue department is considering fulling scrapping Thailand's territorial tax status and moving to a full residency based taxation system where all income and capital will be taxed in Thailand regardless of where it is earned and whether or not it is remitted into Thailand. It is just a proposal at this stage but still something all expats should have on their radar as it would make a huge difference to the way foreigners are taxed in Thailand.
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