stat

Again Germany takes the cake as it taxes either the giftor or receiver. However gifts are feasible on the foreign site at least as Germany and many other countries have high limits at least to cover your daily living. (German 400 K EUR or 430K USD per 10 years if gifted by your parents)

Maybe you should mention a source for "TRD will probably set up a system to tap the broader tax base after the the following year remittance loophole has been closed". Otherwise pls label your view as gut feeling. Nothing, absolutley nothing points in the direction you mentioned. If they wanted to go to ww income they could have done that this year already.

Again nothing written about a yearly check. NADA. It was pointed out several time that to maintain your 10 year visa you must satify the requirements after 5! years. If in the meantime for whatever reason (I cannot imagine one) you get another visa your LTR visa goes up in smoke. The only thing you have to do is do a 1 year report similar to the 90 day report and this only if you have not left the country. Fairly easy I would say and very little hassle.

What makes you wonder about UNDER 180 days you are liable for tax? There is not a single law or directive. In fact the law is clear that under 180 days you are not liable for thai tax.

There must a yearly report. What makes you think there is a yearly check? Pls provide a link to the latest posts that a yearly check is due.

So your pension is a totally different ballgame then deciding to put NOW 750K taxed USD in a pension fund just to get an LTR. This is what I understood you recommended. PS: Thinking is never dirty as Kant used to say: Enlightenment is man's emergence from his self-imposed nonage. Nonage is the inability to use one's own understanding without another's guidance.

So what is the internal rate of return for your pension AFTER costs, which actuarial tables did you use? Did you buy a 30 year CDS option to cover the risk that the insurance company goes bankrupt? Those pensions never make any sense to a person that is attached to his money like I am. 😉Why should I pay a company for a sub par performance result? BTW if you move to another country they will likely tax your self created pension. But to each their own .

Why should I pay other people 5%-10% of my money to get my money back+ pay German taxes of 26.375% on 80K a year? I do not want to generate taxable income while being a German tax resident. Money from a pension fund is the worst income tax wise in Germany.

Same for me. Not sure if I will like it though but will see when I am moving there. No big deal to move to Thailand if I do not like the Phils.

They cannot know all tax details in every country. They know maybe the US rules but they cannot be aware of all small details in the German tax law. My tax statement in Germany can show 0 passive income while I paid millions of EUR in taxes on dividends and capital gains in Germany (withheld at the bank). Even when receiving capital gains from abroad my final tax statement can show zero as it has been set off against losses in other years by the german IRS. There are myriads of implications and rules. My point is simply that I can never be sure that they will accept my LTR application. I understand that they are helpful and willing to learn so I hope for the best. But one cannot never tell with thos Thai visa if you will get one. Simply solution would be to just show a 1 Million and be done.

Prices are extremly high IMHO. I paid 69€ / 77 USD per month with unlimited coverage up to age of 65. However limited to 5 years.

Thanks for your post! In may case I could not show any tax return as my income is not taxable in TH as it would be non remitted capital gains. Apparently there is a lot of discretion with the application that is why I ask the people that have obtained the visa vs BOI will usually tell me the written rules is that they need/want a tax return.

Thanks for your post! Answer from BOI read we will have to see if we can accept bank statements or need to see tax statement which obviously does not work in my case because German tax statements do not show cap gains/dividends as it is withheld at source by the bank etc. Maybe I will be travelling the whole year in order to not pay tax or live in Thailand on OA visa without remitting funds so again no tax statement.

There is no tax on "gains for stocks" in the Phils 😉

I am not sure your initial gain from the appartment will ever "disappear" according to Thai RD logic even if reinvested. No one knows currently.

I saw a document stating explicitly that losses will not be recognized. That did not make sense to me now and then but I fear for the worst, that they only want to tax your gains. Make sure you only transmit the loss making transactions and you should be fine. I highly doubt (99.9999%) that you could make the claim for a higher value end of 2023 without having actually sold the UK property.

My bad you are correct thx 4 pointing it out. It should read: Using LIFO your first 1M of remittances would not be assessable as those funds existed before 2024. Using FIFO the first 100K of remittance would be assessable and the remaining 1M would not.

OMG they really try hard to screw up! Thanks for this info! PS: In Germany they did the same with small value parcels but they forced the sender to register with the Ger tax authorities and now the seller adds the VAT at the checkout when you buy the item.

One should absolutely have a paper trail at any cost agreed. I was referring to one of our statement that the tax guide gives answers for conmingled accounts which it cannot. Your tax asseasable income could range from 0 to 100% if Lifo or Fifo are used. Example I have 1 M USD savings in Dec 2023, if Lifo is used I could transfer up to 1 M USD in 2024 or later without having any asseasable income. If Fifo is used and I have 100K new income in 2024 the whole 100K would be asseasble. That is why I stated the whole subject is wide open.

Your guide does not answer the questions what accounting system will be used Lifo, Fifo or percentage of funds for TRD, so the issue is completly open and no one knows. The documentation of feeds only help when you know which accounting method can/should be used. This is the main problem.

The question will be what accounting system to use: Lifo, Fifo etc. If one could chose that would be great.

Thanks! So any non ENG documents will not be accepted, bummer. To translate the german tax documents will cost easily several 1000 Euros besides the fact that some words are untranslatable . Lucky me I am banking mainly in the US 🙂

I still think the group that should be concerned are residents that have 100K above in capital income, not so much the "average" pensioner that goes bar hoping (no disrespect in any way). If the guy is a bar owner he has to file IMHO anyway or is he working for free?

No one knows if they will accept your documentation. Good luck if you have a mingled account.