Presnock

Yeah, if you noted some of my passages, you would see I become more and more disenchanted with the possible spread of information from the TRD prior to 2025. But you already know my financial situation so it really doesn't impact me much. Just as an old man having lived around the world and would like to think the Thais have grown up already but as we say TIT and anything or nothing goes. Have a good one.

1st year we moved to CM about 10 years ago, we rented an apartment on hte 3rd floor - 5.3 I blvt on the scale - watched water splashing out of the pool, wires swinging right outside the apartment bldg - we had discussed buying 2 of the condos in that bldg as it was new and vacant except for us - my wife immediately afterwards said - nothing that isn't on the ground!!! In other countries (i.e. Japan, the PI, California, I have experienced 8 and 9 earthquakes - PI was my 2nd choice for retiredment but the earthquake bit and volcano (pinatubo in PI while I was in Manila) decided to take my first choice. Will hopefully live here till I'm no longer around but seems to me that the weather is getting worse and worse everywhere! have a good one!

I was assigned to Thailand in the early 70's working the US Military in NKP, then with family in 76-79, 97-2000, and again 03-05. I hate cold weather/snow. I love Thai food, hot weather, and even the rainy season (but not floods). I found that the Thai people accepted western foreigners and that the dollar went a lot further than in the US, so when I retired in 2005 I moved to Thailand. I have not regretted at any time, still love it though the pollution seems to be getting worse, govt leaning a lot more towards China (BRICS) but the food is still great too. After first wife (westerner) died of breast cancer, I remarried a Thai lady, and we have a 20-year old daughter currently a student at Chulalongkorn University (on summer break so she is doing a summer Korean class at Seoul National University). Once the government decides to publish the final paper on the income taxation picture here so that the majority (I think) of expats can relax then life could be even a bit better. Hope all still enjoy the reasons for moving here.

from my reading of the TRD code, rule number one says a person who is liable to personal income tax must obtain a TAX id NUMBER (TIN) witin 60 days from the date he "derives" ASSESSABLE INCOME, therefore, it seems to me that the TRD should advise people like me that have a US govt pension only, or those who have a BOI LTR who are not currently "liable" for income tax, that we are not required to file income tax forms not obtain a TIN. Just saying in that if they would state something like this, it would lower the number of queries/visits from expats to the TRD. Unless they change their rule on obtaining a TIN I do not plan to go the the RD for a TIN.

Especially anyone living here and having to rely on the locals to get things correct, maybe, sometimes or then again maybe not. Life is great! glad to see so much green again.

Isn't this exactly what we have said from the beginning - you and a couple of others put together some factual information for the readers...we were all guessing, then the experts/agents began advertising...until that final published document comes out not any one individual will have everything correct. I know from your and others help near the beginning, that I learned a lot more about my own financial situation and it has enabled me to totally relax but it is sometimes hard to ignore some of the comments about this issue. Just keep up the good work as you have helped the majority on this forum. take care and have a good one!

I thhink it was more times than that...but as an old fart, the memory is not as sharp as you youngsters anymore...take care have a good one!

No pink ID card and unless things change including the Revenue Department rules on getting a Tax ID number, I don't plan on getting one.

I agree with Mike, the Thai rd working with banks here will determine if one's remittances are assessable or not under Thai rules so if one sends money into Thailand, or if they do anything with ATM's or CC's, then those too will be determined by the RD to be assessable or not. One may have documentation that something is not assessable (i.e. US govt Pension or LTR if that still stands) . WOuld be nice for the RD to publish the final paper - but my feeling is they are still discussing the "HOW" of this before even beginning on the worldwide scheme. Good luck to all

they will have to amend the Thai revenue Dept's rule #1 on obtaining a taX id NUMBER as the current rule says one must remit/have assessable income and then within 60 days obtain a tax id number. I will never have assessable remittances so should never have to obtain a tax id number unless they change those rules too.

In addition, and logically - the govt advertised the LTR to get people Some rich, some smart/talented for Thailand, some well off pensioners and others with some money...thus to break the very promise of no tax on money remitted into Thailand would most likely cause many of these LTR holders to leave Thailand and definitely warn any prospective retirees to avoid Thailand forever. My opinion anyway.

You are totally wrong - annual report of local address only same as O or OA 90-day reports only this is yearly - ifyou leave the country then the 1-year next report is due in 365 days, you could end up not having to do any report of your address if you kept leaving and re-entering. I only have a Govt Pension - not taxable by Thailand so the LTR doesn't really do anything tax wise for me but I like not having to report every 90 days to immigration. Overall cost for 10-year period basically can be a tad cheaper than the other yearly renewals. Just saying...for some it is great others guess not based on complaints so they must not meet the requirements. Goodluck all.

no that is a NO requalificaton yearly...only advise boi or immigration locally of current Thai address. If one leaves Thailand anytime during the year, upon return to Thailand, he only needs to advise BOI of his address in 365 days as the time is reset if one leaves the country. But, if the LTR is not for you, don't apply, for me it is the cheapest with the best benefits...just saying and I am not RICH.

That may be the problem...as they sit around discussing the how they will implement his new procedure, each then starts to work out how many more bodies they will need and how much more work they are going to have to put into their very positions. Then they start re-thinking that procedure and go on to another... like getting immigration involved in their business - yeah I am sure immigration would just love to start doing work for the revenue dept without getting something out of it - no pluses for immigration that is for sure, just more work and more pissed off expats. Seems like the cart before the horse story again with this program and even before starting it they begin talking about the NEXT world wide program and How Much Money can we get from the foreigners? OOPS the amounts have dropped! story next year or whenever they keep count. Good luck to all, happy rainy season - glad the weather dept said that this year the rainy season would be light for the first couple of months and then in Late July early August the rains would begin in earnest and maybe two storms during the final part of this season. Seems to be a lot of rains so far for this area of BKK.

That is one of the things being asked regularly - WE STILL have not been advised by the Revenue Department of alll that goes with this new interpretation. We are being told by "experts" that once we are tax residents, in 2025 if we have assessable remittances into Thailand then we need to have a Thai ID tax number and then need to file tax forms...however, if one with a US govt pension only like I do, then I will never be remitting assessable monies into Thailand so should not have to obtain a Thai tax ID number nor should I ever file Thai tax forms. Now, if they amend the law to state that once one becomes a Thai tax resident, they must obtain a tax ID number - then they need to amend their law on that and advise the expat community that this is a "new" requirement. Or, they could look at the amount I send and if that amount is higher than what they consider "of interest", they also might advise me that I need to visit the RD in my area and explain WHY I haven't obtained a tax id nor why I did not file a tax form here. Whatever they are planning (if at all) then it would sure let a lot of people just relax and get on with life either here or elsewhere if they would publish the new amendments to the tax law and what all it entails as of 2024/2025 timeframe. Good luck to all of us.

Unless there is some kind of change, I find it difficult for banks to deduct any taxes until one is definitely declared as a Tax Resident. Prior to the 180 day (this year 27 June), if one had been in country the entire 180 days, year he would be a tax resident but unless the banks know exactly how many days one has been here during the year, they could not know one is a tax resident unless immigration and the revenue department start seeing ALL the ins and outs of expats - seems to be a job much larger than either could handle easily so in my opinion, banks won't be involved in the tax issue other than through the OECD, CRS, FACTA exchanges. I don't know how any of these interact with the Thais - through the Revenue Department, banks or what? Anyone have a clue? not me so I just don't think they could handle it anytime soon. I do hope all excape being caught up in this program needlessly.

sorry you don't like the tone but, we have advised people of this law about obtaining a thai tax id for 6 months. If you doubted our input then you could have checked a long time ago. Seems we have to repeat over and over for folks who read this forum. I didn't mean to upset you nor belittle you but, you said you have never heard of this before but you are an "advanced member" so I figured you read the forum messages regularly.

tax laws: Thai tax id requirements can be found at rd.go.th.english/21987.htmi.....clearly spells out in rule #1 - 60 days after remitting assessable funds into Thailand.. good luck

sorry you don'tknow how to look for information readily available. I don't link. You can find this particular LAW at the Revenue Dept Tax Knowledge and Code/Tax info just google: rd.go.th/english/21987.html that should do it....good luck info is easy enough to find on this issue. then read under tax identification rule #1 - states exactly that - within 60 days...

where is the change to the tax law on obtaining a Thai Tax Number - law I read says within 60 days of having ASSESSABLE income remitted into Thailand - some of us have not and will not have assessable income remitted into Thailand ever. Same as having to have to Thai ID to obtain the Taxation Number. Where did this information come from? Please advise via this forum. thanks in advance for the info.

probably said that the cards used must be from a foreign bank and that payment for the account had to be paid to the bank and not paid to a Thai bank. This is what several "experts" have said but then again, just as we keep saying, we have to wait to see what the Thai Revenue Department will be ABLE to do in accessing the information from one's bank or if there will not be charges levied against this type of activity.

totally agree!

WOW! First time on this forum or anywhere else that I have seen this happen. Thanks for advising me that sometimes immigration does get it right! But too many times to count plus my own experience with landlords to get them to actually do the TM.30 even though it is online for them easily in my opinion. I have offered but then the landlords won't give me a copy of the necessary documents to do it myself.

Seems to me that this is a perfect example of the Immigration Bureau mismanagement of the TM.30 requirements. As stated in this article on the arrests of the 4 foreign overstayers, it is reported that the immigration office in Phuket has "issued a stringent warning to accommodation providers" while many immigration offices may do the same, it seems we only hear about the expats who have to pay a fine for not filing a TM.30 or landlords that fail to provide necessary documents if they refuse to do the TM.30 themselves as required. These landlords we never hear were fined or anything else but many expats have seeminly had immigration problems for not filing a (landlord) required TM.30. Just saying...good luck to all.

That is exactly what the shoppers are complaining about in the states - after COVID in which businesses had to close, then inflation hit and all the businesses jacked up prices from fast foods, gasoline, restaurants, grocercy stores, et al.....now a coupld of year later, the prices are still jacked up and the businesses don't understand why no one is coming into the business nor buying anything.