Presnock

graft knows no limits nor source of funds - many times senior politicians or police are caught up in these schemes, I am not saying that is a problem solely in Thailand but in just about every country I have lived in.

At what banks? do you have a stateside address, phone number? I lost an account BOA of 50+ years when I sold my house. Refused to use a relatives but found a bank in VA that accepts overseas address with very little problem.

Definitely facing overtourism this year IMHO, reporting 4.5 million visitors already!

this is one change that is affecting those that played by illegal rules IMHO and anyone that the banks close an account that is done with the customer's own funds is paying for someone else's actions. I realize that leaving that money in the bank and havint the immigration requirements on same is not very conducive to attracting foreigners of all types so now we will see how many will leave because of this but never really know how many just decided they wouldn't come her in the first place.

well, if folks used their own money for the necessary 800K or 400K accounts for visas then there wouldn't be any problem - people have shamed agent users false accounts but IMHO some IO's had to know the full scheme too. W all make our own choices and those that make bad choices sometimes negatively affect those playing by the local rules and I am amazed that so many people look down on the honest folks as the fools when they should look into the mirror.. We note also due to some of the problems caused by the new international laws, banks in many countries are making it more difficult to open or keep accounts of those living overseas. Eventually, I hope all can play by the rules and still survive in some of these foreign countries. Good luck.

yes, same with me, I don't transfer all my pension from the states to here - it goes to a US bank then each month or so I send funds needed here for whatever. But if the rd challenges me, or requests verification of exemption, first triip would be a copy of my pp with the LTR with the BOI copy of exemption on any foreign funds I remit to Thailand.

my bank deposits say that the pension money is "civil service pension deposi from OPM"

only separating pre 1 Jan 2024 and any earnings from current income that you put into that same account. just need the old SAVNGS account separate from any income after 31 Dec 2023.

If you mix old savings with current earnings then you might have a problem getting the Thai revenue dept accepting your tax form unless you have documentation separating the savings.

only if one's financial situation is complicated or widely varied for sources. Mine is civil service pension only which is not taxable by Thailand, only the US so mine is simple.

Well, if I could have gotten this 20 years ago, it would have saved me even more money and a lot less bureaucratic contact with the immigration folks and I sure don't see what age has to do with it other than being able to get it.

IMHO that will never happen, and yeah, I am no longer an employee and haven't been for over 25 years. I note that over 75K current employees have filed for the early out! Most of them probably didn't have a job worth doing - I loved my job and excelled at it so wouldn't have been let go anyway. But while I don't like this administration, the majority voted for it so get what they opted for. We have gone through losers before and am positive this will not be the last loser elected to that seat.

IMHO you do not have to file as the tax forms have no line for exempted by DTA (USA SS payments) but I am aforeigner so can't advise you what to do. Ifyou doubt this, got to your local rd office and ask.

1099R's are not "classified" nor restricted in any way as the information from a US government organization provides UNCLASIFIED salary, tax, etc information because of public laws. My salary as a US government employeed could be found easily. If people plan to use the information in the 1099R to get money from the person identified in that document, it would be a total waste of effort! IMHO anyway as one can find out the salaries of US governmnet civil servants without any problems.

I do believe that originally they mentioned having documentation from one's foreign bank account including the total amount in a SAVINGS acct on 31 December 2023. Sorry I remeber reading that on this forum but sure am not going to search for you.

This is after all, just an OPINION forum! some people though seemed to be search challenged and need links as they just can't accept OPINIONS that differ from their own.

one thing, Taksin & co. is the one talking about changing the tax situation here by doing the negative income tax scheme - where they collect from the rich and even out the income of the poorest. If that is HIS goal then think it might come to pass but I sure am not any financial wizard nor even close to being one.

obviously that person doesn't have an LTR or was turned down by the BOI. For me and some others at least, the LTR is by far the best visa for me. My pension can't be taxed by the Thais so that was not the issue, the issue was a tad cheaper in the long run with no 90-day reports, in and out of the coutry unlimited and free, yearly reports can also be fewer as out of country and return starts the 1-year wait for next BOI /immigration visit plus whizz through the airport upon return.

How about they require you to provide proof that the savings only prior to 1 January 2024 were remitted during the year?

they go to check to see if they have to pay tax and although the RD ignores their DTA, they still end up paying but because they feel that "it wasn't that much" so they paid it even though they didn't really owe it! That is what I feel is not really smart but their money, not mine!

well, if the foreign banks are signers of the OECD, CRS or FATCA then I guess they would be reporting to the Thai rd about Thai persons in that country that have bank accounts and even with minimum amounts, would mean the Thais could tax them. I of course have no idea about them in reality. Just so we aren't impacted too harshly.

jsut be careful about the chocolate - I stick now to the 85% as it appears that the soils from which the cacao plants are farmed are high in heavy metals and dark chocolate therefore too has those heavy metals - the more dark chocolate the more heavy metals - in the books very clear. Your weight can be dropped by eating the foods researched by Dr Li for sure. Lots of help along that way and the quicker the better to eat healthier. I was amazed as I have always thought that I ate healthy - and of course I exercise 90 min to 2 hours daily so burn a ton of calories. I used to run until I turned 65 and worried about potential knee problems since the only place to run outdoors is on roads or sidewalks - too firm - now I do 6km walks every day - did outdoors at first early AM 3) until I ran across a 4 meter Burmese python so mife made me switch to PM walks but last year in BKK every late afternoon/evening there were thunderstorms so no walks so now I do aerobic walks of 6 km every evening plus 2-3 AM's of weight lifting (light weights only) and on days of no lifts, 1 hour of core exercises to keep my waist trim. Feel super every day and wake up every morning with no pains!

Having first hand experience with he basic English instructing in elementary schools, I am not surprised in the least. My first daughter now 55 years old went to ISB first and 2nd grade and struggled a tad with her aThai teacher recommending us to either have another child immediately or get her a pet dog. Fortunately, 2nd half of 2nd grade and on up was in Internnational schools in Spain, Philippines, Calf, and Italy where she graduated with honors. Current daughter, graduated from CM internaional school with native English, Thai, 5 years of Chinese and Korean self taught to highest level acheivable in the international Korean govt testing. So proper English (though British spellings) is available but one has to be well aware of what is being taught.

Well now in BKK if one has a pet dog, it must be registered and chipped. Started within the past year. I live in Prawet district and within a month of the announcement about the registrations of dogs (within the next year I think) there was an advisory by the govt of a rabies infected wild cat I think in this area and advised any pet owners that allowed their pets to roam outside should be aware of the rabies outbreak.

always the best but usually only if DrJ doesn't know!