gearbox

Worldwide income taxation is becoming pretty standard practice. Look at the governments, they up to the neck in debt. They would chase any money available, sometimes sacrificing future income in order to raise revenue.

That's a very good question, you won't know if you are tax resident unless you have spent 180+ days in the calendar year already. If someone asks me if I'm a tax resident if Thailand for fiscal year 2024 I would answer that I don't know, I've been outside Thailand for nearly 4 months already, and going away soon for nearly 2 months. I would know if I'm a tax resident somewhere around mid December. So if an Aussie bank in the meantime asks me if I'm a tax resident somewhere my answer would be no.

That probably is not very practical for many who are 75-80+ years old, or those with families with children.

The private super in pension phase is not taxable at all, this is valid for both income stream received and the earnings of the fund. I'm planning to start receiving super pension from July next year, and if the worldwide tax is implemented I'll get a hefty tax bill. The only sure way to avoid it is to stay less than 180 days in Thailand. In the DTA there is a breaker rule that if you are resident of both countries you pay tax where the income is generated, but I won't rely on the taxman in Nakhon Nowhere to interpret this properly. As it stands right now I'm a tax resident of both countries.

Even the tax office in your home country probably doesn't have detailed transaction information, and normally they don't care. All they need is how much interest you earned and any other type of income you got. Most of this info is also provided via CRS to countries where you are tax resident.

For the people who think they can do workarounds wrt CRS exchanges...it may work now but better be prepared for bad surprises in the future. In Australia the banks have been fined billions by the AML authorities. Nowadays they have become very cautious, if they have any slight suspicion that you are not supplying correct information, including the tax residency, your account would be suspended or even closed. This is especially true for non individual accounts - proprietary company, trust, self managed superannuation fund.

If they tax worldwide income they don't need to tax remittances. You either can remit your income or leave it outside. This is how it works in Australia.

The information the Thais need will be served to them on a plate from your country as part of the CRS data exchange...as long as you admit in your country you are a Thai tax resident.

I'm just following the lead from the OP which says "much like systems in Malaysia and Cambodia. "

I don't think the ETA would work this way. I just came from Malaysia where I had to submit something similar prior to immigration clearance. It can be done right before passport control, in fact there are big posters with QR code links to the web site. For accommodation you don't need to present any proof, any hotel will do. It is a nuisance but I noticed big crowds at the automatic gates and people were clearing immigration very quickly.

You mean the American toilet paper got cheaper? Have you had a look at your budget deficit? No wonder everyone is buying gold...looks like on its way to 3000.

The deep south was nice when I went through in June. I cycled Samui to Kuala Lumpur and went along the whole coast Donsak to Kuantan Malaysia. From end of April until end of September the monsoon is from west and it doesn't rain much, calm and swimmable sea, nice clean water, food and accommodation is cheap. There is warning for terrorism but I found the locals nice...nicer than the touristy areas like the gulf islands or the Andaman side.

I bet she currently declares every satang of the rental income in her tax return.

They need to present ID when exchanging your money, and these transactions are tracked. One day either the taxman or the money laundering authority may knock on your Thai's girlfriend door and ask where she got that foreign currency from.

Following the thread.. I'm also on retirement extension, but it is becoming a nuisance to be every year around the same time in Thailand to do another extension. It interferes with my travel plans. I'll look at the new 5 years visa when I have time, still 9 months until the next renewal.

You are still too young for ebike...

You can bring Thai baht cash directly, already converted.

Who says the world needs a leader? Nobody needs you self assigned leadership.

I buy quite a lot of stuff from Amazon...around 2-3k Oz dollars per year. Mainly hardware tools like Knipex and Wera tools and computer gear. I'm a Prime member and everything is shipped for free to Australia, when I go there I pick it up and bring it to Thailand. Had no issues with customs here so far. Same stuff here costs a fortune.

Sihanoukville was not destroyed, it was rebuilt, and now has a motorway connection to Phnom Penh. The prices went way up and the low class scum staying there was priced out. I believe the islands so far are not touched yet, but I've heard there would be an airport on Koh Rong. Seems that Kep is the next in line for development.

The prices have gone up. I did the same with a normal bicycle, the rental was $1 per day.

If you take the route using debit cards for transfers the Wise card looks cumbersome to me. If you withdraw the max Krungsri amount of 30k with a proper debit card, the fees are similar to a Wise bank transfer of 30k. Here is the list of suitable cards: https://www.ozbargain.com.au/wiki/cards_with_no_overseas_transaction_fees I have ING (Visa), Macquarie (MasterCard), HSBC (MasterCard), NAB (MasterCard), Ubank(Visa). Used all of them so far except Ubank, all work great. They can also be used outside Thailand for ATM fee free and currency conversion fee free withdrawals. I'm outside Thailand for the last 2 months, I use them all the time.

It is in the article...needs to be frozen at -35c or -20c (for different periods). I've eaten a lot of raw sashimi, salmon, tuna, etc, never had any issues. In Macro they sell frozen sashimi grade tuna (looks like small bricks), I get some from time to time, put it in the freezer for extra 10-15 days, and make sashimi with it.

It is going to be hard for any country to compete with China, which has the biggest market and the biggest share of the world manufacturing. https://www.chinadaily.com.cn/a/202402/21/WS65d56abaa31082fc043b8503.html "Analyzing the Organization for Economic Co-operation and Development's recently released 2023 update of the TiVA database, the study found that in 2020, China made up a staggering 35 percent of global gross manufacturing production, followed by the US, Japan, Germany — China's share is three times the US share, six times Japan's, and nine times Germany's."

Hi sorry for the late reply, I'm in Indonesia now and don't check the forum often. You can get USM - BKK flights cheaper than 2700, last two times I flew for 2300. In fact the cheapest way to get them is if you have mileage points with a partner airline which allows Bangkok Airways partner booking, like Qantas and Qatar. I booked Samui - Singapore flight February next year for 6000 avios points plus 2700 baht fees, not bad at all. In regards to the pink card, you only need yellow book to get it, and this was quite a bit of effort. My gf did most of the work, there are a few forms to fill in, you need a certified translation of your passport to Thai, and a Thai witness to certify they know you for 3 (I think so) years. I did this during covid, there was nothing to do and the office in Nathon was quite quiet. Not sure what is involved now. The yellow book is accepted instead of certificate of residence for driving licence in Samui. If you have a Thai to help you, enquiry can be made with the office, otherwise with my level of Thai (next to nothing) I can't imagine doing it.