KhunHeineken

A little contradictory. You say there is a need for focused discussion, and then say it was right to shut conversation down because it was scaremongering. We are all adults here, and many chose to live in Thailand to escape the "woke" and political correctness BS of our various home countries. That "link" was obviously to hundreds of members, with many members who did not consider it, later on agreeing about its possibility, yet, delete, delete, delete, delete as scaremongering. Question for you, if it was "scary" back then, while isn't it still "scary" now? Fact is, little has changed, and we are all still in wait and see mode. In my opinion, it's only right that all members can put all things on the table for this one, because anything is possible in the near future, and I am glad that more free speech is allowed in relation to collection and enforcement, because without these two things, the Thai's have no tax remittance policy at all, so they must have something up their sleeve by way of collection and enforcement.

At least I post some content. Now, how about those expensive Aussie passports? Or, will you say, it's up to the Australian government and none of your business?

The member has three threads running on the first page of this forum. The member has volunteered information on his "life style choices" right down to posting his fortnightly financials. Obviously, he has no problem discussing them, so why do you???? Feel free to put me on ignore and allow others to post freely without your off topic and trolling posts. Your input will not be missed.

On top of a 15% increase last July. I wonder how much next July's increase will be. How can the Australian government justify having the most expensive passport in the world? They will probably keep the price the same, but lower the pages to 24. It's just a rip off.

Australia already has the most expensive passport in the world, and the price is set to rise, again. https://www.9news.com.au/national/australia-already-has-the-worlds-most-expensive-passport-its-set-to-go-up-in-price-again/c1ac44ca-e747-4df6-a37c-0575fe9f9c54 "Labor are on track to be raking in nearly $1 billion annually from taxpayers just through their past three blatant price rises on Australian passports." Wow. A nice earner. "The changes come after a 15 per cent tax was added to the price of new passports in July last year, which made Australian passports the most expensive in the world." ""It's unsurprising the Albanese government is ringing in the new year with another tax grab from Australians," Birmingham said." I doubt he'll care about the proposed changes to tax residency, either. $412 for a 32 page passport. What a rip off.

All 1135 of them, really? I don't think so.

Just to clarify, you are 77 years of age, have no saving and no assets, and live hand to mouth every fortnight. Is this correct? If so, how do you afford the return airfares over to Thailand, twice a year?

Moving alone mow. Can you put forward any reasons why this tax "may" happen? We've heard why you think it will not happen.

It was all rather strange. The Thai government announced the tax, but members were not allowed to discuss how it would be collected and when, and any punitive measure for non payment. Such policies exist in the countries where expats have come from, so it's not new to them, yet, it was called "scaremongering." Anyway, glad there was finally some freedom of speech allowed on the topic.

English is my first language. So, you have contradicted yourself then. You say it "possibly" could happen in a later post, but in a previous post, list several reasons why you think it will not happen, and zero reasons for why it may happen. Basically, you have said it will not happen in one post, and in another post have said it "possibly" could happen. No one knows how this will unfold, and I keep an open mind. I have put forward that when easy tax revenue is involved, governments tend not to walk away from the money.

Do you think they will walk away from this tax as well? https://www.businesstimes.com.sg/international/thailand-implement-global-minimum-corporate-tax-rate-jan-1

Check out out yourself. https://www.siamrealestate.com

Yes, but for some high net worth individuals, they may not see living in Thailand as value for money anymore, due to having to pay this tax. Some may consider leaving Thailand for 6 months of the year, as it's financially beneficial for them to do so.

It is well known that there is a massive oversupply of properties in the tourist areas of Thailand. Market forces (supply and demand) shows that when there is more supply than demand, prices fall. I just had a look at one of Thailand's bigger online real estate agencies, Siam Real Estate, and it shows 1135 properties for sale in Phuket. Sure, the odd high end property may sell at a higher price than it was purchased for, but good luck selling your condo when it is amongst 1135 other properties, and that's just one online real estate agency. How many more would there be on the market if all the for sale data was collected. Also, they keep building more, and more, putting further downward pressure on property prices.

Yes, I have said we will all have to wait and see, but in a previous posts you focused on reasons as to why Thailand will not do it, and totally disregarded any reason for why they will do it, the biggest reason for doing it being MONEY. What government, from any country around the world, walks away from easy tax targets, and I use the word "tax" loosely, because like I have said, for most, it might just turn into another piece of paper you have to have at extension time for 300, 500, or 1000 baht, which will not be a true representation of one's tax liability.

How so? Doesn't seem to be a problem for hundreds of thousands of expat retirees, from all around the world, living in Thailand. I'm in Pattaya. Plenty of western food on offer, and for cheap. I have never, and will never, deposit 800k baht into a 3rd World Country where I have no rights. I use an agent. Also cheap. Not "anywhere" just certain places. Your argument falls down in many examples. I could understand if you had a medical condition that requires constant treatment, but if not, you could easily chose to live out your twilight years in a place where you holiday to. The step is not that big, and a holiday budget is not the same as living in Thailand full time.

Similar experience. They wanted my Thai address, and an address in my home country, which I thought was strange, but gave them an address anyway, and my Tax File Number. Not sure what they can do with the above information, as all my books are in order. Maybe something will happen early 2025. Who knows? There are many banks in Thailand. Not sure why Kasikorn is leading the charge with this.

Do they have your email address? The email says they will freeze accounts in January. I suppose when you go to an ATM or go to pay for something and it doesn't work, you will go looking for Kasikorn, rather than Kasikorn going looking for you.

Strange. You could be living in Thailand with the family. When that day comes, as it will come for all of us, you could be surrounded by family, in a place you like so much that you holiday there. Obviously, you are not posting the real reason why you are living in Australia rather than living in Thailand. One day you will pop off in Australia. Is it really worth it for what your Thai missus earns working in Australia???? Why imprison yourself because of her salary in Australia? You are 77, not 47. Think about it.

And more money for the Thai's. They don't care. The farang will pay, so it will be worth it. Once again, the farang will pay, so it will be worth it. Money Number One. No discouragement there. So many member come up with ideas as to why they will not do it, but miss the very obvious as to why they very well may do it, and that is, MONEY, and it's easy money for them, so why wouldn't they do it????

At 77 years of age, why are you imprisoning yourself in Australia? All these "reasons" you mention, what good is it when you could be living where you holiday????

Can you quote some legislation, even a DTA, that states pensions are exempt?

Just to clarify, free medical care is the ONLY reason you are living in Australia. Is that correct? If so, others may like to live out their twilight years in a place they are happy, on a daily basis, and deal with any possible medical issue that may arise if / when it comes. Any one of us could drop dead of a heart attack tomorrow. If that were to be the case, I would be glad I had been living in Thailand when it happened, and not in Australia, but each to their own.

I agree. When news broke about this tax enforcement, many members questioned how can they "chase" foreigners for tax, all over Thailand? It was so obvious that there was no need for the Thai government to chase any foreigners as they already make the foreigners come to them with 90 day reporting and an annual visa / extension. Soooooooo many post were deleted by the Mods at the time as "scaremongering" but so many members agreed, as I do, that this is the simplest way for the Thai government to collect either legitimate tax, or "tea money" from foreigners. Now, we are allowed to discuss the possibility. I am not sure what changed, but we can discuss it now. As I said some time ago. A tax clearance certificate could go the way like the Certificate of Residence. It is free, but most pay 300 baht for it. Maybe just another Thai government department want their 300 baht off hundreds of thousands of foreigners as another little earner for a piece of paper, and, for high net worth individuals, they can invoke the law for a lot more money. We will see early next year how it plays out.

All that will happen is property sales will go down, sharply, and property rentals will go up, sharply. It will, in effect, help the old saying, "Thailand is for Thai people." Thai's will buy up cheap condo's as investment properties, and foreigners will just rent. What foreigner in their right mind would pay a considerable amount of tax on a lump sum of money to buy an overprice condo in the first place???? There already is no resale value, and this tax will make it near impossible to sell in the future for what was paid for it.