I am planning to relocate to Thailand and need to sort out the tax related part (among many other things).
I have income from capital (ETF stocks) in Switzerland. Switzerland has a 35% withholding tax on all capital incomes which is refunded when this tax is declared in the annual tax form.
If I am tax resident of Thailand I will not make an annual tax declaration in Switzerland. In order to get the 35% withhold tax back I have to demonstrate to Swith tax authorities that I declared the income to the tax authorities of my country of (tax) residency. Switzerland requires a signed tax declaration from the country of residence.
I understand as a foreigner I don't have to pay tax on capital income earned abroad on non-thai investments in Thailand. So no problem to declare that income in Thailand.
My question:
- How easy is it to get get such a tax declaration signed by Thailand tax authority? Anyone has made experiences?
- Are their any drawbacks? I fell a bit uneasy to let them know about my financial investments (all legal but this is Thailand)
- Recommendations on a reliable tax consultant that can advise?