KhunHeineken

The "forms" will be the least of your problems. So, that means some income tax as well. Did you factor that in? If since 2009, what's another 6 months? You answered your own question. "Under the current rules." Can you guarantee me the "current rules" will be "current" and applicable going forward? No, I didn't think so. Don't look at me to reaffirm the decision you have already made. It's your money, it's your call. Good Luck with it.

Nothing has changed since then. Why "dumb it down?" The Thai laws are the same as back then. I have never subscribed to the "everyone else is doing it" ideology here. I'm sure the same sentiment exists. I'm not an "old hand" but I'm suggesting you "ride it out" until early 2025, but it's your money, and your call. That's Thailand. You can be correct for 15 years and feeling comfortable, then they change the laws, have a crackdown etc etc. I, and many others, have always thought the day is coming for those using Thai nominees for their property ownership. Yes, yes, I know, the Thai's would never do that, they would lose money, blah, blah blah, until you wake up one day and they have done it. Thailand is unstable, and foreigners have no rights here. Why roll the dice with Thailand?

These are your words: "I also have no intention of retiring as I believe its 'the kiss of death'. So my plan has always been to start a business in Thailand which will hopefully provide me with a reasonable income until I snuff it. It should also keep me active when I reach 'old age' 😁. There is no way on this planet I would ever 'retire' to Thailand and sit in a bar every day or spend my days hitting a small ball around with a stick - and then go to the bar." I guess you will be going down the company / work permit route. More money to pay. More bureaucracy. Probably more tax and fees to pay. Your call. Good Luck. Once again, why the hurry? You never answered that? It could leave you open, or, thankful you never did, thus, absolutely zero to pay until you see how all this unfolds. Such is Thailand. I never gamble with Thailand, because they hold always hold all the aces here, one way, or another. Once again, Good Luck. I just don't see the hurry, particularly in what could be a declining market, if these tax/s come are enforced.

I read your post about that. Not supposed to be "working" on a retirement visa, in any country, but yes, many ways around that. I would leave my money outside Thailand and sit back and wait to see what happens early 2025, but it's your money, and your decision. Good Luck.

Retire and come to Thailand when you want to. By mindful of the 179 days. Rent for a while. Bring some cash. Remit some some money, but under the threshold. Use your UK ATM card. Be patient and see what happens to residents of Thailand for tax purposes early 2025. You're only 6 months away from seeing how this unfolds. Why the big hurry?

I agree, but foreigners, who have no rights here, have always been easy targets.

More information needed on your personal circumstances.

A lot of people in Thailand have done the same to buy land / property here. In my opinion, the hammer could drop on them anytime, but hey, everyone else is doing it.

In the near future, when their home country bank asks where they reside, many will just say their home country. Some will even feel secure using a VPN when they reply the their bank's request. Don't ask me why. However, the bank has to report the reply to their tax department, which, if not now, will eventually be, connected to their immigration department. Then, it's game over. We all look at China and their control of their citizens, but Big Brother is watching your money in the west. Times are changing.

I'm not American, but if what some members say is true, and that is, Buffet has stated he pays less tax than his secretary, can you elaborate on your post? I have no doubt his various companies pay tax, but, can you post a link showing the "huge"tax HE pays?

Is English your first language? Yes, you have invested in Thailand. Already answered. Why put even one egg in a basket that you wouldn't put all your eggs in? Asked this before. No reply. Obviously, that's why you are defending your position. Good Luck. And I asked, tell me what make some investments in Thailand a good idea? Have you seen the amount of properties for sale here? Massive oversupply.

Exposed.

Deflection. Fail.

That approach may depend on how much money you could lose in tax. If you stand to lose a considerable amount of money, the deadline is the 27th June 2024 for the 2024 calendar year, otherwise, you get caught in the Thai tax residency net. Everyone has different circumstances.

I'm certainly NOT stating that immigration will be calculating and collecting these tax/s. What I am stating is one MAY have to produce a TRD document at extension time to immigration BEFORE an extension is issued. This makes foreigners have to approach the TRD, so no chasing foreigners involved, where, in my opinion, "something" will have to be paid, legit, or otherwise, or both, for their document. In order to get their document, one may have to produce a bank document showing total deposits for a calendar year, just in the same way one must produce a bank document for their 800k. Who knows what the Thai government is going to do, but I'm not one of the members that believes it will be all too hard and the Thai government will forget about it. There's just too much easy money involved, both legit, and black money. I have given the Certificate of Residence example of how it MAY work for most, and for high net worth individuals, the TRD will apply the letter of the law to tax some serious money.

Rather than personally attack me, how about post some things that you say are a good investment in Thailand, and roughly what return/s are involved?

Can you give some examples of the industries? When you say "make money" perhaps you can qualify and also quantify. How much money down for how much return?

Has said condo in Pattaya been sold? There are thousands of properties for sale in Pattaya. There's an oversupply of property. What about all the bar closures, before and since covid? If bars are so profitable, why so many closures? Are you suggesting buying a condo in Pattaya is a good investment? Are you suggesting buying a bar in Pattaya is a good investment?

If your Thai hog operation was successful, why did you stop it? Why didn't you expand it?

I've made very little investment in Thailand. Motorcycle and decent home entertainment center is about it. I use an agent for the extension because I won't even put 800k into Thailand. Many move their life savings to Thailand, simply because they live in Thailand. Unwise, in my opinion. Thailand represents a risky investment for foreigners. Therefore, I don't classify Thailand as a place one should use for diversification. Very wise. If you wouldn't move your life savings to Thailand, why would you move any money for ANY type of investment? Serious question. Both your life savings and a lesser amount would be high risk, or not worth it. Then, the same question backwards, if you have the confidence to move some money to Thailand to invest, why not move your life savings? I have addressed the 800k. I haven't even moved that to Thailand. Why would I, when the 800k makes more money for me invested in my home country than what the "agent" costs me for the extension, and way more than a Thai bank? You have asked what investments are "bad ideas?" Can you name a few "good idea" investments? Some guys made money in the 80's from property here, but that's decades ago.

Did Vista work well for you? Surprisingly, it didn't work well on millions of PC's, so it soon became Windows 7.

$15 for 365 days validity. It's a good deal. https://www.aldimobile.com.au/collections/payg As more and more Aussie companies move to 2FA, and Aussie mobile will be needed for accessing accounts back in Australia, both online, and through the call center.

I can see you have been on the 9am Leo yet again. Your post is incoherent. Do you have any content to add to the topic "Australian Aged Pension?"

I'll post this here. Apologies if it has been asked before. MODS: feel free to edit, but I don't think it's illegal. What would happen if you set up a joint bank account with someone who only visits Thailand once or twice a year for holidays, thus a non resident of Thailand for tax purposes, and only that person deposited money (remitted funds) into that bank account, and the tax resident in Thailand withdrew it and spent it? Basically, the non resident is remitting, but the resident is spending. Yes, I know an "agent" will probably have to be involved to open the account. Not difficult to see where I am going with this.

Things can change very quickly here. One day everything is fine, the next day you have a problem. As you alluded to, "the next day" is usually after you have put money into Thailand.