SHA 2 BKK

Hi James I never had to lodge my Tax Returns but gave them my last two Pension Statements (I get paid fortnightly). I was however in the first "wave" of applicants so I am unsure if this has changed. I never used an agent but uploaded everything online - its quite easy to follow. Could I suggest you email the BOI direct or even better if you live in Bangkok go to Chamchuri Square and have a chat to the staff - they are extremely helpful. Sorry i couldn't help more but good luck with your application.

I have one of the Citbank Credit Card accounts too. I keep it in Credit by paying more than I used in the previous month. Get the points but pay no interest. Previously I was able to transfer from my Bangkok Bank Account to the Citibank Card. I can't seem to do this anymore. The UOB TMR App said I needed a Deposit Account with them. Went to UOB Branch to open said account - I have an LTR Visa. Not Impossible but very difficult without a Work Permit. I just don't have the patience. Needs letters from my Embassy or Immigration and a letter from my Thai Bank stating how much withholding tax had been paid on interest earned. I don't have or need Term Deposit account in Thailand, so earn bugger all interest. Anyway to cut a long story short I went over to the Bangkok Bank and withdrew a sizeable sum, dropped it on the UOB Counter and had it credited to my two cards (the missus uses the one). The teller staff asked repeatedly why I didn't just open a deposit account, so I pulled out the long list of requirements handed to me in my previous "chat" with the Deposit Opening Lady and said "mai pen rai".

My understanding of your information on the LTR is the same - though there is a discussion whether you are only entitled to remit previous years income into Thailand and pay no tax. No Tax Return needed (this was posted by another member some time ago). The Thailand Elite (having had one previous) was considered a Tourist Visa. Therefore it would be my understanding that under the new RD Directive you would be liable to file and pay taxes (after deductions) on remitted monies earned post 2023. However I’m not Lawyer or Accountant and could be wrong but that’s how I see the state of things.

Congratulations on your LTR!

I wore a pair of jeans (no holes), long sleeve shirt with collar. No tie. No jacket. Decent pair of shoes too. No “Bag of Fruit” (Suit) needed. Good luck cobber.

Agree with you. "Small Dick Syndrome" we call it back home. They can't get an LTR so try and throw enough crud that others are scared away. Anyway I've had my LTR for 18 months. Apart from coming and going at the airport haven't seen an Immigration Officer or the BOI for that matter since! Let the "Small Dicks" have their whinge - small things amuse small minds.

Unless you are a Thai or stay in the Kingdom less than 90 days at time - you will be reporting to Immigration your whereabouts at the 90 Day mark (if you are following the rules). LTR Visa holders only have to do this ONCE per year - and that’s only if they don’t leave Thailand. That’s it. That’s the only requirement for 5 (FIVE) years. Not 90 days as with other visas. No one here is upset. They just don’t want fools putting out false information on the LTR because it’s the perfect Visa for those who qualify and want to stay in Thailand long time. We want to “Spread the Gospel”. The good news - not continually pull up fools spreading misinformation.

I think half the posts on this LTR Forum have been deliberately WRONG. As many have said NO yearly reporting of address unless you stay in the Kingdom for that year! No repeated requests for “invented” documents, health or financial information - nada! I think simply it’s the ones who don’t qualify for the LTR and want to take out their frustrations on we who are able to obtain this great Visa. I was on an Elite before the LTR and the LTR xxxx all over the Elite from a great height.

Seems the LTR haters are out in force over the last few days. Heat must be driving them to extremes!

My understanding is that income remitted in the same year it was earned would have to be declared and be taxable. Basically the old rules that everyone who stayed in the Kingdom for 180 days or longer were supposed to follow but very few did. LTR Visa holders have basically been “Grandfathered” the old rules.

1. Yes it is my understanding that if you get your LTR WP in 2025 and remit 2024 income it is free of Thai Tax. 2025 income would be tax free in 2026. But as with all tax comments here you may need to seek independent advice. I am neither a tax planner/lawyer et al - but given the way the Decree is written and advice I (and others) have had from the BOI, if you got an LTR Visa next year, any income from this and previous years remitted to Thailand is tax free. 2. Following is the whole of Section 40 in from the Thai RD. It mentions income from Pensions, Stocks, Bank Interest and Capital Gains (but those of a Juristic Person or Company - if it was an individual Capital Gain, I think you would easily argue you are a Juristic Person in the sense that that you held the Capital that received the gain). It seems to be a pretty broad brush and thus would exempt any income that I personally would earn if I remitted in a following year. Hope this helps. "Section 40 Assessable income is income of the following categories including any amount of tax paid by the payer of income or by any other person on behalf of a taxpayer. (1) Income derived from employment, whether in the form of salary, wage, per diem, bonus, bounty, gratuity, pension, house rent allowance, monetary value of rent-free residence provided by an employer, payment of debt liability of an employee made by an employer, or any money, property or benefit derived from employment.4 4R.CT.No.29/2538 (2) Income derived from a post or from performance of work, whether in the form of fee, commission, discount, subsidy, meeting allowance, gratuity, bonus, house rent allowance, monetary value of rent-free residence provided by a payer of income, payment of debt liability of a taxpayer made by a payer of income, or any money, property or benefit derived from a post or from performance of work, whether such post or performance of work is permanent or temporary. (3) Fee of goodwill, copyright or any other rights, annuity or annual payment of income derived from a will, any other juristic act, or court decision. (4) Income that is: (a) Interest on a bond, deposit, debenture, bill, loan whether with or without security, the part of interest on loan after deduction of withholding tax under the law governing petroleum income tax, or the difference between the redemption value and the selling price of a bill or a debt instrument issued by a company or juristic partnership or by any other juristic person and sold for the first time at a price below its redemption value. Such income also includes income assimilated to interest, benefit or other consideration derived from the provision of a loan or from a debt-claim of every kind whether with or without security. 5 5M.R.No.126 Clause 2 (30) R.CT.No.30/2538 (b) Dividend, share of profits or any other gain derived from a company or juristic partnership, a mutual fund or a financial institution established under a specific law in Thailand for the purpose of providing a loan in order to promote agriculture, commerce or industry; the part of dividend or share of profits after deduction of withholding tax under the law governing petroleum income tax. For the purpose of income calculation under paragraph 1, if a lawful child who is a minor derives income and the marital status of the parents exists throughout the tax year, the income of the child shall be treated as income of the father. However, if the marital status of the parents does not exist throughout tax year, the income of the child shall be treated as income of the parent who exercises parental power, or of the father if both parents jointly exercise parental power. The provisions of paragraph 2 shall apply mutatis mutandis to an adopted child who is a minor deriving income. (c) bonus paid to a shareholder or partner of a company or juristic partnership; (d) a decrease of the capital holdings in a company or juristic partnership which does not exceed the total amount of profits and reserves; (e) an increase of capital holdings in a company or juristic partnership that is determined from the total amount of profits or reserves; (f) a benefit derived from the amalgamation, acquisition or dissolution of a company or juristic partnership and having the monetary value which exceeds the capital; (g) gains derived from transfer of partnership holdings or shares, debentures, bonds, or bills or debt instruments issued by a company or juristic partnership or by any other juristic person.6 6M.R.No.126 Clause 2 (30) (5) Money or any other gain derived from: (a) rent of property, (b) breach of a hire-purchase contract, (c) breach of an installment sale contract, where the seller regains the property sold without paying back the money or gains already received. In the case of (a), if an assessment official has reason to believe that the taxpayer underreports the amount of income, he shall have the power to assess the income according to the reasonable rent of property under normal circumstances, and the amount so assessed shall be deemed assessable income of the taxpayer. In such case, the taxpayer may appeal against the assessment and shall apply the provisions on appeals under Part 2, Chapter 2, Title 2 mutatis mutandis. In the case of (b) and (c), all the money and gains received from the date of entering into contract to the date of breaching the contract shall be deemed assessable income of the year of which the contract is breached. (6) Income from liberal professions, namely, laws, arts of healing, engineering, architecture, accounting, fine arts or other liberal professions as prescribed by a Royal Decree; (7) Income derived from a contract of work where the contractor has to provide essential materials besides tools; (8) Income from business, commerce, agriculture, industry, transport or any other activity not specified in (1) - (7). The amount of tax under paragraph 1, which is paid for by the payer of income or by any other person on behalf of taxpayer on any category of income or in whichever tax year, shall be treated as income of the same category and of the same tax year as the income where payment of tax is made."

Wrong on so many counts but hey whatever floats your boat mate.

Royal Decree 743 says the following about remittances and their tax free status for LTR (WP). “Section 5 Income tax under Part 2 of Chapter 3 in Title 2 of the Revenue Code shall be exempted for a foreigner categorised as Wealthy Global Citizen, Wealthy Pensioner, or Work- from-Thailand Professional who is granted a Long-Term Resident Visa under immigration law for assessable income under section 40 of the Revenue Code derived in the previous tax year from an employment, or from business carried on abroad, or from a property situated abroad, and brought into Thailand.” So as long as its previous years income you are pretty much covered.

Did he not have an amulet? Maybe he had one of them hokey ones from the Monk who poured acid on the kids hands to test his the other day??? Anyway a family in grief and them that are left to pick up the pieces RIP.

Oh that would be most handy! I have done the renewal “course” online and will go and get a Medical Certificate and see how I go without proof of residence. I might take my Condo purchase docs just in case. Will report back.

I’m in Singapore at the moment. I am my own “landlord” so can file my TM 30 online. 1. As an LTR Visa holder when I return to Thailand my reporting “clock” will reset to one year from now entry (similar to the 90 Day “clock” for other visas. 2. I will do my TM 30 online. This time I will print and take a screenshot as I need that piece of paper from immigration at Chamchuri Square to renew my drivers licence. I have heard told me though that one doesn’t need to do another TM 30 if the residence stays the same even if travel outside Thailand but better safe than sorry.

FYI Folks from the BOI Website on annual reporting of ones' address - also on this link how to get (renew) ones' Drivers Licence: 1-YEAR REPORTING TO THE IMMIGRATION BUREAU AT THE ONE STOP SERVICE CENTER FOR VISA AND WORK PERMIT LTR Visa holders staying in Thailand for a period longer than 1 year consecutively are required to report the current address to the Immigration at One Stop Service Center for Visa and Work Permit (OSS) either in person, or by authorizing someone to report for you on your behalf. This report must be done on a yearly basis counting from LTR Visa issuance date (15 days before or 7 days after the date specified on 1-year report notification card). However, in the case of re-entering the Kingdom, the report will be due in 1 year from the date of the latest arrival. The documents required to be submitted to the immigration are as follows. TM.95 Form (completely filled out and signed) Passport * T.M. 6 Card (arrival/departure card) (if any) * 1-Year report notification card (if any) * TM.61 Form (For authorized person reporting at Sub-division 3 Immigration Division 1 Visa and work permit service center,Chamchuri Square Building on behalf of LTR visa holder who lives in Bangkok) * If LTR Visa is issued at Royal Thai Embassy/ Consulate-General, LTR Visa holders will not receive a 1-year report notification card. In such case, the report will be due in 1 year from the latest arrival date specified on the arrival stamp. https://ltr.boi.go.th/page/how-to-manage.html

No offence taken cobber and same with the luck and safety.

Only if you don't leave Thailand during that time. Once you leave the clock resets. I've had my LTR since 2023 - never been back to BOI or Immigration (apart from airport stamps) since.

The bank statement stuff must be new. I got my LTR in 2023. Only my Tax return in Australia, two pension payslips, purchase of my condo and Thai Health Insurance Certificate shown. Done and dusted in three weeks.

My Thai friends are horrified when I put Penang or Massaman on a couple of pieces of heavily buttered toast and scoff it down. My explanation that this is the way Stew is supposed to be consumed meets with vacant stares.

I mentioned this Brick Idea to my Thai friend who said good in theory but many drivers in Thailand carry a gun or baseball bat and they may seek retribution for losing face to a pedestrian.

We travel on this road regularly to Cha Am. Apart from the uneven road surfaces, construction traffic etc the contractors still insist on closing certain lanes on weekends or during peak traffic to move machinery - this despite promises that work would only happen during night hours and not during peak - from recollection.

I take 10mg Zolpidem most nights. I have a condition which causes me to wake 20-30 times a night if not. I Have done sleep tests and it’s not sleep apnea. The Thai Zolpidem is manufactured in India under the Brand name Zydus. As Cheryl mentioned distribution is strictly controlled. I do see a neurologist at Bangkok Hospital every two months for this prescription and other meds that help me sleep. It is quite expensive but the product is available through the hospital but most health funds won’t cover so it’s an out of pocket expense. I do buy over the counter in Hong Kong through a Pharmacist I’ve known for years. It is much cheaper and I carry my prescription with me in case I am pulled up at customs - fortunately this has never happened. Insomnia is terrible. I’ve tried everything else from total exhaustion through exercise to meditation and diet. Even Ganja! But it’s only the Zolpidem and some other medicines that allow me a decent sleep. Those who don’t suffer this affliction, like many maladies of the mind, are often quick to judge we who depend on medicine for rest. After feeling guilty for taking Zolpidem I have listened to my neurologist who tells me sleep is as important as exercise and eating so I take my medicine and sleep some. Good luck to you friend. I hope you find the land of Morpheus.

I must admit though, I got my LTR in 2022 when the old tax rules still applied. Anyone getting their LTR this year needs to make sure they remit income from previous years as I did when I first got my LTR.