worrab

IMO this means "to any [foreign] income earned in 2025. But I'd love to see "onwards" somewhere. It has been stated that this should all be passed late this year and means money remitted from earnings in 2024 can be sent into 2025 tax free. Then again for 2025 into 2026. That will be the 2 year allowance then after that, who knows.

Not at all! If you read the post in aseannow 5th Aug, you will see that is so not the case! It clearly states that anyone here for more than 180 days is a tax resident and the ruling will be applicable to them.

Proof reading required!!

It appears some members are not reading the post correctly. It states: For those residing in Thailand for 180 days or more in a tax year, the Resident Rule applies, making them liable for income tax on international earnings. This upcoming legislation aims to refine these rules, providing much-needed tax relief for many. So we will benefit when this rule is enacted and be able to remit money to Thailand with no tax implications. Also it states: In related developments, the cabinet recently supported the Finance Ministry's proposal to exempt personal income tax on capital gains from digital assets. This includes cryptocurrencies from January 2025 until December 2029. This move aims to attract foreign funds into the Thai crypto market and provide another channel for economic stimulation. This is separate from the first quote I posted and is for those in the crypto market.

This is the piece that gets me mad!! So, these supposed drivers are going to stay awake, keep off their phones etc whilst watching safety videos and this will then qualify them to be able to drive on steep routes!! You just have to be joking DLT!! How about a really novel approach and take them out on these routes to instruct on! Oh, I forgot, there are no qualified instructors to do this! A total recipe for disaster and what will be said after the first accident??

Totally frowned upon now in UK. Speed bumps are not installed where required because of slowing down emergency vehicles. They now put 2 smaller box shaped ramps in the roadway that ambulances and fire engines can straddle when attending emergency call outs.

I almost do the same as DezLez. Ask for BKK bank to produce a 12 month statement from my last application date for the extension up to the date of the request. Normally about 1 week before the next application. Then the day before going to Immigration, get the letter and a 6 month statement to cover the gap. Job done.

I actually do the same but when I put down a deposit etc for a new house, I accidentally took the money out of the wrong account!! My fault for not double checking. Always get bank statements, Bangkok Bank, because if not updated every month then it shows no activity for the months not updated as you state. Second nature to me now on extensions.

Luckily it was Hua Hin Immigration. Probably one of the best to work with in the country.

Have you asked? I dipped 50,000THB in Feb after a renewal in Dec the previous year. Admittedly I spotted it very quickly and replaced within a few hours. Nothing was said. Do not forget that the granting of an extension is down to the senior IO at your immigration. He could, if you explained what happened, let you off with a warning and grant it.

Judging by what Police Lieutenant Colonel Surakrit said, it is a requirement at all offices. Should be starting as of now. Like all other tax subjects, it is all very vague and do not believe the rumour of no tax implications on remittances brought in during 2024/25. Nothing has been passed in regulations.

According to the webinar, if you are doing a monthly income for either an extension of stay based on retirement or marriage, then a tax certificate would be required. Not required for money in the bank method.

Ah, but it states: This foreign returns initiative will begin once the Minister of Finance ratifies the draft regulation, expected to be enforced later this year. Notably, this tax break is applicable only to income earned after the policy is enacted; previously earned income is ineligible for benefits under this provision. By this info,your 20k is not eligible.

Not if you have a long term visa. That is acceptable to Bangkok Bank.

I think you may find this statement incorrect. To do this and be able to satisfy HMRC, you must cut ALL ties to the UK. One person thought he had done this until his Will stated that he wanted to be buried or ashes scattered, I cannot remember which, in UK. That immediately tied him back to the UK and HMRC! HMRC will want any taxes owed whether you are there or not. I have not been there for 10 years but still have to pay taxes on pensions. I am sure experts on this will correct me if I have got this wrong!