Metapod

I have 20 year Thai Elite, own multiple properties here and have lived here for over a decade. This change just means I will have to be a temporary resident in Thailand and spend less than 180 days a year here. I'll also be investing abroad instead as I no longer feel comfortable investing more into Thailand with the direction they want to go with tax. Thailand is going from one of the most favourable tax systems to one of the worst in the world. It's nuts. I might also need to consider moving somewhere else for my main "home" as I don't want to be limited in my main home base if I have kids in future that need schooling. Probably make a move to Bali for a while as the offer a 5 year visa that doesn't tax offshore earnings.

my guess is they increase the lower fares up to drop down the cost of the longer fares. they might just do a flat 20thb regardless of distance in this case.

worldwide tax, vat on all imports, carbon taxes. holy <deleted>, Thailand is going to turn into a <deleted> hellhole.

we need to bring Prayut back. <deleted> this new government.

this government is a <deleted> disaster. they are taxing me right out of thailand with all this bull<deleted>

can we get these big government tax <deleted> out of here? sretta is a disaster

50 years? have you looked outside recently? almost every street vendor or service accepts QR payment. it's the preferred payment for many and most still don't report taxes.

this is going to have large ramifications to thailand.

Already tried 5+ taxes on the street BEFORE using the taxi stand. All tried to scam. Calling grab to Centralworld? Sure, if you like waiting 20+ minutes for them to arrive. Motorbike taxi wasn't an option as I had too many things to carry.

its been legal for 2 years and the sky isn't falling. just keep it legal

its been legal for over a year, the sky isn't falling. weed isn't bad. just treat it like booze, which is significantly worse.

waited for 10 taxis at the taxi stand at Centralworld last week and every single taxi refused to use the meter and tried to gouge me for 200+ thb for a 70 thb trip

its been no rules weed for over a year and everything is fine. the world didnt explode. maybe it isnt so bad?

no thanks, i'll take lower cost of living and coruption over "clean" energy and public healthcare that I can't access.

Yes, it absolutely is a taxable event under the new system.

People openly smoke cigs and drink alcohol in bars and restaurants where there are children inside. What is the difference?

That isn't how DTA works. If you are a tax resident with assessable income, you are still going to have to file a tax return in thailand. you wil also need to translate and validate swiss documents, so you are going to have to hire an accountant. this can't be a bog standard thai accountant that deals just with thai tax returns. I'm honestly shocked how financially illiterate everyone here is.

fewer and fewer places in the world where you can escape the globalists.

If you stay more than 180 days a year, no. You will be required to fill a yax return and pay tax on any money remitted per the DTA agreements with any other tax jurisdiction you also fall under

holding out hope Thai Elite gets some special rules

No, that isn't how it works. A DTA doesn't make you tac exempt. You still have reporting requirements in 2 places and will need to fill tax returns in Thailand. This means translating documents, hiring an accountant, submitting tax forms every year to RD. Have you read your specific DTAs? Many of them just specify who has first rights to tax, not exclusive taxation rights. In many DTAs you will pay tax in both countries and rhe country with first rights on tax will provide a credit you can apply to the second country to prevent being taxed on the same income twice. If the rates in the second country are different, you pay the difference. Thaikand has much lower income bands than a lot of other countries, so many people will pay twice in both areas. It all depends on the DTAs but regardless, everyone will have a burden of dealing with more paperwork and beauracracy Also a lot of people have income that isn't covered by a DTA

She is wrong and doesn't know <deleted> all about taxes.

It affects everyone as now all expansion here 180+ will have reporting requirements to the thai tax office. That means hiring an accountant, getting documents translated into thai, more paperwork and hassles, and potentially more tax liability. Nobody is safe from this

It is a remittance and would be assessable income. Transferring money or withdrawing from ATM is essentially the same here.

the current system is fine. they made weed legal and the world didn't fall apart. the less government involved the better.