Metapod
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Posts posted by Metapod
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1 hour ago, KimchiCurry said:
10% ? Where do I sign ? I sign right now any day !! Take my money lol.
Exactly, we all will. That's why it's the magic number.
If Thailand truly wants to expand their tax net, just do a flat 10% tax. Less is more.
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1 hour ago, KimchiCurry said:
They should do a 15-17% Flat tax rate for non citizen tax resident. I would be more than happy to pay that as a business owner (no retiree)
10%
That's the magic number. Flat 10% and watch everyone comply.
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some hefty interest numbers there
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40 minutes ago, LOG54 said:Hello
I don't know how to post a link..
Interesting article by Thai examiner on 8th in which they say "very quickly" long term visas will be linked to tax declarations..
Have a good day
I have 20 year Thai Elite visa. I will just spend less than 180 days a year in Thailand and simplify my life.
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3 hours ago, Aussie999 said:then instead of just saying "That's not how DTA works," tell us how."
also, read this.
https://www.austlii.edu.au/au/other/dfat/treaties/1989/36.htmla DTA doesn't absolve you from filing a tax filing in the secondary location.
You will have to file in both Australia and Thailand. Even if you owe nothing in Thailand, that in itself is a huge pain in the ass. The Thailand tax calendar starts Jan 1st, the Australian tax calendar starts July 1st. That creates complexity. Then factor in getting documents translated into Thai and then getting those documents certified. Then hiring tax accountants in two countries to handle both submissions.
Then discussing DTA itself, you need to look at the DTA for each category. Some will give exclusive taxing rights to one jurisdiction, others are taxed in one first and then taxed in the other. For example, if you owe 30,000 in AU but 50,000 in Thailand, you would have to pay 50,000 in Thailand and then use a tax credit against the 30,000 in AU for your AU tax return after July.
The short answer is this <deleted> gets complicated at the very best, and costing you more at the worst.
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4 hours ago, Aussie999 said:For any concerned Aussies . Australia has a double tax agreement with Thailand, so if taxed in Australia, you do not pay tax in Thailand...
That's not how DTA works.
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most villas in phuket and samui are illegally using the nominee loophole
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4 hours ago, sidneybear said:
No chance of that. Thaksin's lot has a long history of milking foreigners for cash through higher visa fees and the like.
this change doesn't just target foreigners, it affects wealthy Thais.
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What's the chances the tax changes get rolled back?
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hope whoever comes in next walks back the tax changes <deleted>ra tried to push through
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would need higher salaries and lower taxes to be competitive.
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On 8/2/2024 at 6:14 PM, sqwakvfr said:
Been to Shake Shack in BKK (both locations and the second one is in Emispher) 4 times. For some reason In N Out feels the need to tease people in Asia. They have had several pop ups in Seoul as well. I would say to In N Out President Lindsey Snyder "expand internationally and stop teasing us in Asia and SE Asia".
Also, I would agree with you on La Casita. Taco Bell is nostalgia but La Casita is for really good Mexican.
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29 minutes ago, racket said:
You don't have an elite visa because you're a clown artist. Reread my posts before making foolish comments, or you'll look even more stupid than you do now.
this idiot is still doubling down. lol.
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4 hours ago, racket said:Yes, the Thailand Elite Visa is a multiple-entry visa. It allows visa holders to enter and exit Thailand multiple times during the validity period of their visa without needing to apply for a new visa each time they reenter the country. However, if you plan to leave Thailand temporarily and want to keep your visa status intact, you still need to obtain a reentry permit to ensure your Elite Visa remains valid upon your return.
No you don't. You are an absolute idiot. Multiple people who ACTUALLY HAVE THE VISA are telling you that you are wrong.
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5 hours ago, racket said:5 hours ago, racket said:You ALWAYS need a re-entry permit if you are planning to leave the country regardless of visa type in your passport.
There are two types of reentry permits available:
1. Single Reentry Permit: Allows you to leave and re-enter Thailand once.
2. Multiple Reentry Permit: Allows you to leave and re-enter Thailand multiple times within the validity period of your visa.I have a Thai Elite visa and have never had a reentry permit. you are talking out of your ass and don't know anything at all. the fact you are still trying to argue the point with bolded and CAPITAL letters is hilarious.
absolute muppet.
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2 hours ago, racket said:That’s not necessarily true. You can enjoy airport perks and access to VIP lounges when flying domestically to different provinces, along with discounts on many facilities, which counters your point. Furthermore, if you leave the country without obtaining a re-entry permit, you’ll void your elite visa, rendering it invalid, which is a crucial consideration. The elite visa is specifically designed for individuals under 50 who don’t qualify for a retirement visa but want to live in Thailand long-term without needing work permits or tourist visas. In fact, this visa offers benefits like extended stays of up to 5 years without the need for frequent renewals. I have friends who visit Thailand 4-7 times per year, and they don’t consider the elite visa, preferring other short-term visa options.
You are talking out of your ass and have no idea what you are talking about.
You don't need a reentry permit for Thai Elite and you can leave and return as much as you like and the visa isn't void.
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40 minutes ago, redwood1 said:
The whole purpose of the Elite visa was so people could LIVE in Thailand year round with out a visa hassle....A income tax has/will kill the Elite sales deader than a Dodo....
Is the Elite company who have spent decades building their brand going to allow a tax to destroy their business? It seems they would do something......And I mean much more than adding more silly worthless benefits...
Yep, it makes no sense.
"Let's make a program to attract UHNWI and then try to tax the <deleted> out of them!"
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On 7/11/2024 at 8:21 AM, Fat Bob said:
So apparently with the new destination thailand visa foreign income is exempt from tax. It‘s starting to make a lot of sense on how it works. I feel totally jypped i haven’t even moved and gotten my elite visa stamp yet. 😂 I had a feeling there‘s always a way with Thailand. Might even get that visa to not worry about tax and just use the elite for the airport rides and travel more to max them out so I feel less taken advantage of. It‘s almost certain that there’s not gonna be any sales of the privilege visas and I really hope they don‘t close down. Still want my option to stay for 20 yrs if I like it there.
I'm still hoping Thai Elite gets some tax relief to sell their overpriced visas. Other option for me is just to move to less than 180 days in Thailand and spend more time traveling. i already travel 3-6 months a year, so it won't be a big life adjustment. I just don't like feeling like I have less freedoms and options. Ultimately, it means I'll spend less money in Thailand, not more. I'm sure there are a lot more like us who will choose the same.
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On 7/10/2024 at 6:07 PM, connda said:
Excellent idea - but a little late. It already is defacto "legalized.'
they want to tax it silly
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21 minutes ago, ukrules said:No we didn't, it's just a visa, we're in the same boat as everyone else, except we're not broke.
Im just holding out hope they tax exempt is like they did for LTV.
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30 minutes ago, MartinBangkok said:Hi guys, I have been following this subject on Asean Now closely, ever since the first crazy announcement by the Srettha-government in September 23.
All I can say is this, my choice of saving 1 million Baht yearly not to stay in Thailand more than 180 days per year has been surprisingly positive. I have aleady spent 4 months in two other SEA-nations.
It's great and truly an eye-opener in many, many, ways.
It is difficult to fathom the way Foreigners are treated in Thailand (by the Srettha Government)
Cheers
I'll be doing the same. It's the simplest solution for now.
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14 minutes ago, Bvor said:
Are gifting allowances only applicable to direct Thai family members thereby excluding all other Thai persons eg long-term girlfriend?
I think it has to be family or spouse but I could be wrong on that.
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1 hour ago, n00dle said:
I'm certain that there are many who couldn't give a <deleted> about the process or the taste.
thats not my quote..
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2 hours ago, JBChiangRai said:
There is an important difference between Alcohol & Cannabis.
People drink Alcohol because they enjoy the process and the taste.
People take Cannabis because they enjoy the effect, the high.
So you support banning all alcoholic content and only selling non alcholic drinks like 0% beers? Because nobody drinks alcohol for the effects right?
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Thailand's 5-20 Year Visa Now a Bit Cheaper
in Thailand News Headlines
Posted
17% is still too high considering other options and lack of good tax planning in Thailand tax law.
If 10% if enough for god at church, it should be enough for papi thaksin and his cronies.
They get the other 7% from VAT