khunPer

The new income taxation of all foreign transfer – not covered by an existing Double Taxation Agreement (DTA) – will, as it says, be all money transferred from abroad. There are at the moment no further details, to my knowledge. In reply to your questions: "... money already in a bank account..." Funds already in Thailand are not being taxed, it's only foreign income/transfers. "...all money transfered into Thailand, regardless of source (even savings from overseas)..." Yes, that's the whole purpose; i.e. to tax foreign savings and close the tax-hole for income that is saved abroad till next calendar year or later years, and then would be income tax free to transfer to Thailand. "...Does having a double tax treaty have any effect..." Yes, anything covered by a DTA will be in accordance to what have been agreed. It can vary from state to state. Very general, income, pension and dividends that are taxed in one's home country will not be double taxed. Most countries have tax rates lower than the Thai rates, so no additional tax apply, in case the income can be taxed in both states – which for example retirement pension from my home country can be according to the DTA with Thailand – or double tax will be refunded. If the tax rate is lower in one's home country, it might be taxed by Thai rate and the difference must be paid. Interest and capital gain is fully taxable in Thailand, if income tax is omitted in one's home country. If savings are not specific mentioned in a DTA, they seems be taxable when transferred to Thailand, which is the main point of the rule.

You'll need a non-immigrant type-B visa to obtain a work permit, and thereafter extension of stay based on work. You might need to apply for the non-B visa abroad, I'm not sure if your can change domestically. There will be some level of paperwork to fulfill the applications for both visa and extension of stay. Your employer needs a registered capital of not less than 2 million baht and 4 Thai employees. Furthermore, you salary must be of not less than 50,000 baht per month to obtain extension of stay based on work.

The major shipping companies can do that – handle everything – but you still need yourself to do a detailed packing list with model and serial number for everything that carries that, and value of all individual items. I used a container-shipping agent for c.i.f. to Bangkok and – as recommended – a local shipping company for custom clearance and domestic transport of my 20 feet container, including offloading at destination. Sometimes paying overtime to customs, makes custom clearance both fast and cheap, wherefore a local agent might be beneficial. I was also recommended only to take "total loss" insurance, as partial damage would be expensive and still (very) difficult to claim any compensation.

Open Google and search for "recipe cock au vin" or "recipe Coq a l'Orange", depending of your preferences... More seriously, talk to the neighbour or fence your land, so intruders cannot get inside your property.

100-150 baht range would be a song thaew; not even with a taxi driving on the meter you can get from Chaweng to Nathon Pier for that price. Grap is you best choice for a fair price for a ride.

And I thought that Thaksin was already the adviser...

Do you have a link to those exciting and interesting profiles your are watching on Facebook...????

Below is the official explanation in English – age, 55 years, might have been changed sine I store it, or they are just suggesting a higher age (my blue highlight, as that is the interesting part for OP)... Recipients of pension payouts must be at least 55 and no longer insured under the Social Security Act. Those who have contributed to the fund for 15 years will get a monthly payment equal to 20% of their average wage for the last 60 months before retirement. For those who have contributed to the fund for more than 15 years, they will get an extra of 1.5% per each additional year. Currently employees pay 3% of their monthly salary, capped at 15,000 baht, to the scheme, and the amount is matched by employers. The combined contribution of 6% to the scheme is considered low when compared with the recommended 13%. It is recommended that retirees should receive no less than half of their base salary. Calculation of pension benefits Number of years of contribution/ pension rate/ monthly payment (baht): · 15 years/20%/3,000 · 20 years/27.5%/4,125 · 25 years/35.5%/5,250 · 30 years/42.5%/ 6,375 · 35 years/50%/7,500

1) I never "open a packet of crisps or peanuts or whatever, and chill out and watch Netflix"... – I prefers to watch new film in a proper cinema, and it is without consuming disturbing popcorns and drink... 2) Every third night – sometimes every second night – out to a night club playing good dance-style music for partying...???? 3) Every night is a "chill out night" when having all-year holiday. 200-250 evenings are with excellent weather conditions for a cosy candlelight dinner by the beach...????️???????? 4) Depending on mood – I enjoy being alone, and I also enjoys good company...????

Saturday 23rd September and Sunday 24th September, if you are into supercars as Lamborghini, Ferrari, McLaren, Rolls-Royce, Bentley, Huracan, Audi and more... Saturday, 23rd September: Tourism promotion event & Supercar Auto Show 14.30 pm: Lomphraya Pier, Nathon 15 - 15.30 pm : Around Sunset curve, Nathon's beach 19.00 - 19.00 p.m. : Fisherman Village (Bo Phut Market) Sunday, 24th September: Tourism promotion and rafting event. 9.00 am: View point for Lat Ko. 10:00 am: Phawana Pho Khun Vocational College. In front of the town. Tourism Association of Koh Samui. Source link.

Best snowbird visa is the non-immigrant O-A visa, when you are 50 years or older. It gives you one years stay on each entry within the one year visa period – no need for visa runs – and you don't need to open any bank accounts to transfer and deposit money in Thailand to permit your stay; i.e. you can keep your funds in your home country. A health insurance is required – which is good common sense to have, and preferable one with repatriation, when being a snowbird – the only little difficult part here that insurance needs to be approved by the Thai authorities.

Cons being single in Thailand is the gap between your home country's culture and the Thai culture, including understanding of "the Thai way of thinking" and the need of a translator. It might also include the need for someone to care about your health and take care of you when needed. However, where I live – it's Samui, which you also asks about – there are numerous singles and foreign couples. You can of course manage well without a Thai partner when using paid services like a law firm for many purposes – the law firm's front office can help with a lot, as my Thai lawyer said, when someone's toilet cannot flush it becomesmy problem to solve – or having a house keeper or domestic help some days of the week, who also can arrange with numerous kinds of external service, including shopping, finding handyman for small repairs, having sewers and tanks drained etc. Pros being single is that you can live your life almost exactly as you wish – and use external help, as mentioned above – and if or when you wish a partner for some period, it's easy find – i.e., buy an often excellent service – at many places. So, the difference between Samui or Chiang Mai and Nakhon Nowhere to my experience is – and I did consider if I could settle somewhere pretty close to Nakhon Nowhere, which I could, if I changed in the life-style I originally wished to live in Thailand – that in Chiang Mai and on Samui, you will easier find people that speaks farang-language; easier to find foreigner-service minded business like law firm and domestic help; and easier to find sociable gathering, if and when needed, with a wider group to choose from...????

A good advise: Always be present, when workers are doing something, so you can tell them what you want; i.e., height of shower head and cover the tiles on the walkway when mixing cement. Also, don't use Thai family as workers, or workers recommended by family (the old advise, not to mix business with family and friends). I never had problems with "my Thai workers", neither when building a house, nor when I', having smaller repair jobs done; however, I've always been there and listened to their suggestions – they might know very well, what to do – before I told, how I wish it to be done.

Have you ever broken a Thai lady's heart? I'm afraid I have...????

No – I prefers a smaller town or a village, but not as remote as Nakhon Nowhere...

Depending on the quality of the tap water, it can be different quality in different parts of the country. I use tap water for coffee, tea, soup and other dishes where the water is boiled. My tap water however comes by truck from a bore in the hills, it's furthermore filtered through both 5 micron and 0.5 micron ceramic, and circulated through an UV-lamp; so probably also safe enough to drink. I use it when brushing my teeth, and I'm so far still alive...

According to science it means 1 unit per day for women and 2 units per day for men – some times calculated as 7 and 14 units per week – one unit can be a glass of 12.5cl wine og a .33 bottle of beer. Science finds little daily alcohol healthy for elder people, i.e., folks that have passed the age of 40. If younger, you should not drink alcohol daily.

It's depending of your income sources and where you come from, if relocation is a benefit – Thailand is however still a quite good place to live. If your income is covered by a double taxation agreement (DTA), your situation is unchanged, as you already is liable for income tax in Thailand and covered by a DTA. This could for example be income from retirement pensions. If your income comes from other sources than covered by a DTA you can "always look at the bright side of live", and be happy for the low tax rates in Thailand – of course "low" is relative to which country your comes from, but if it is from a high taxed state, even the top Thai taxation level of 35% for earnings over 4 million baht is laughingly low – in my home country we are taxed 52.07% of anything over any earnings more than equivalent to 2.9 million baht...???? In some countries you are not taxed of for example interest, certain fees, and capital gain when living in Thailand; so, bringing that earning into Thailand are now being taxed instead of being considered as tax-free savings if kept past a 31st December before transferred. That's of course bad, but not as bad as if staying home where my lowest tax rate would begin around 38%...

Seems like a difficult mission, when wages are going to rise...???? Normal economic teaching is, that the government have to lower the consumers cash flow – i.e., higher interest – to reduce inflation and prices. Lower demand equals lower prices. If consumer's cash flow is high – i.e., pay rises and 10,000 baht extra for spending – demand will increase, and so will prices. Furthermore, if labour costs rise (much) faster than inflation, it will result in further price increases.

Having Thai tax office to control capital gain of foreign stocks owned by foreigners will be an almost mission impossible... The worst problem for foreigners living in Thailand more than 180 days a year is that their long term savings – which often already might have been highly taxed by their home country – as these money now might be taxed again if transferred to Thailand to cover living costs or "invested" in a home...????

Depending on the regulation in the local immigration office, it's not the same all over.

In principle it's forbidden to perform remote work without a work permit – however, there seems to be some (numerous) doing it under the radar; there is a newer proper visa for that purpose, but quite strict with both income and employer – while you can have whatever income you wish from abroad. If foreign income is not covered by a Double Taxation Agreement you shall from January 1st next year (2024) pay personal income tax of all money transferred into Thailand.

Yes. However, mine was not advanced advertised, two officers just showed up for check and wanted a photo of me, holding my passport with the name page opened, standing under my house number together with one of the officers. The worst part was, that it was early and I was totally unprepared, so with a towel around my waist and with morning hair – hope the don't share the photo on social media...????

Funny, as soon as I read the article I did the same thing. Wondering why my flight next week cost me 10,800 baht. But you made the same mistake as I did - that is one way. 1,000 x 13 baht = 13,000 baht return. So they are well within the cap. No, I didn't make any mistake, 500 kilometers "from Suvarnabhumi to Samui" is the one way stretch from Bangkok to Samui. A one way ticket with Bangkok Airways is in the level of 5,000 baht, depending of departure time; early morning bird is still cheaper...

Both yes and no. According to the Surat Thani administration the number of tourists is higher this year than 2019 – Surat Thani tourism is mainly Samui and Phangan – but the tourism might be slightly different from 2019. The lower and modest priced resorts seems to be far from heavy booked – apart from those smaller ones mainly living of regulars – whilst the many star resorts seems very crowded. The traffic jams are mainly back in level, but little less, as the roads got improved by new black tarmac Friday afternoon/evening with the Fisherman Village "Walking Street" you can pass the 5 kilometers stretch from Maenam to Bo Phut in only around 20 minutes now; which is an improvement... Chaweng Beach's main road is finally coming back alive, but the nightlife is still not as crowded it was before – even that almost everything is reopened; some of the larger clubs have only partly reopened, to have a crowded front area and closed in the back – so "fully rebound" might depend of what you are aiming for on Samui.