Presnock

Thailand has not reported approval of the worldwide income taxation scheme yet! We are only in the first phase of remittances taxed maybe!

Actually, Biden signed that executive order on DEI on his first day in office. Yes, opportunities exist for all that are willing to make some sacrifice. One of the reason cited for this xecutive order was racial discrimination. The group of immigrants from AFRICA in modern history are the most successful group as a whole. When interviewed those successful people say that they immigrated to the US because of the opportunities available to all. I had co-workers of different races that told me whenever they would return home, they had to forget the suits and ties, put on old jeans and ragged shirts and corn-row their hair and speak in the street talk in order to survive while on home turf. Just saying. I also realize now that some states are outlawing DEI for that state.

Nomad website indicates that Panama is a "Tax Haven", and the weather is nice too.

Diversity, equity, and inclusion - US laws changed so that those students that some felt were disadvantaged due to poor education, could still attend the top universities and could graduate having lower scores than previous graduates of that university including doctors - that means these DEI students don't have to meet the criteria to become a doctor!

That is with in 2 (two) weeks very quick and easy to get documentation from my own computer only!

Yeah, I lived and worked around the world, many countries and kept a log on the good and bad things in each place. Thailand ranked at the top as retirement came along and PI was a close 2nd, I spent 6 years there too, loved it especially since I am a scuba diver did advanced open water there near the old US naval base. But although warm weather only, i didn't like the number of typhoons, earthquakes (big ones), volcanic eruptions - there during Pinatubo, near Manila), and the food was not a whole lot to my liking unlike that here. I plan to spend my final years here and have thought the same since I arrived. I did live at first in BKK but the traffic got to me so moved to CM due to schools for daughter. Not a fan of pollution but we own a house there in a 100 house mooban and are renting a house in BKK where our daughter is going to college. WIfe has indicated that we might have to travel on those worse months - daughter may be in Seoul for graduate study so might check that out during the worse months. Anyway, you won't won't read many negative notes about Thailand from me. Hope you get to stay as long as you want. Maybe when the go to worldwide income taxation (if they do) they might do as the PI and not taxes on retirees unless working in country. Good luck and have a good one.

Yeah how would you like one of thos DEI doctors operating on you? Not me.

Those may show a report card with 8 years of English but a very subdued bunch of lessons taught by a semi-literate Thai English teacher. Even in the schools with farang teachers, the Thai English teachers normally are not allowed to get any help from the farage English speakers. I experienced this with my daughter, in on homework assignment of 15 questions on pronouns, 9 had nothing there on pronouns. I corrected the homework in RED ink and put a note in Thai that if the teacher didn't understand let me know and I would help her. She said that the homework papers are prepared by the school director and cannot be changed nor discussed withe the farang teachers. Needless to say we departed that school fairly soon thereafter. It was basically the same at every Thai school that we enrolled our daughter though each had great reputations and waiting lists to get into the schools. After 6TH grade we enrolled her in an international school. She is now in college doing great, Native English and Thai, has taught basic Chinese at a different HS, and has tested at level 4 in self taught Korean language. On term breaks from the #1 university in Thailand, she takes courses at the #1 university in Seoul, Korea (received outstanding achievement award in Korean language). Ranked in the upper 20% in here college class. When Ifirst came to Thailand in 1972 I don't recall anyone speaking any English at all and it was necessary that one speak Thai to get anywhere here. Times have changed but their language training hasn't...If they join BRICS, guess they might change to Chinese Language.

where was his "courage" in the 1960's? Heel spurs! but still playing all the sports in college. I have had heel spurs off and on my entire adult life but it sure didn't keep me out of the military or VN. I just wait for his campaign speech about the medals he was awarded for VN service or the Middle East/Afghan service.

Actually for the LTR visa he BOI wanted the 1040 for PROOF of my income - I had given them the 1099R but they wanted the 1040 so gave a redacted copy of course and within 12 weeks had the visa. They mentioned when I called to chat with them about he 1099R, as that is the "official" US document on salary and taxes so..,.go figure! anyway best of luck.

Well, I sure am glad that my tax situation is so simple. If I had to do what you and others do then I would definitely need a tax agent. I file my US tax as soon as the 1099R arrives in mid Jan and usually get my refund check the first week of February. Fortunately, I only have the US civil service pension so only the US can tax it plus now with LTR nothing anyway but just that it also gets rid of the 90-day report. Trying to get everything easier as I get OLDER and OLDER. But, you seem to have a good handle on your taxes and can defnitely help others here. Have a good one.

Agree. I have lived in Thailand more than 30 years total. Been through a lot of coups. But one of the biggest complaints by expats is the immigration - Many changes have been made since I retired here in 2005 and got Retirement O visa. At one time we would have to arrive at CM immigration (some more than 8 hours) but at least 4 hours of waiting in a queue just to get a queue number for the same day. After getting the queue number, when they broke at lunch they would advise that some that had been waiting hours, that they needed to come back the following day. Used to have to show up for the 90-day report, now on line. Used to have a TM 28 for expat to show a move to differentt location; they stopped that and then made the expat responsible mostly for the TM30 and now that too can be done on line. New visas have shown up - many just this year. Glad the LTR came up and not so many signed on so they dropped the price by 50% (50K baht!). Then the OECD agreement of July 2023 and taxes changed and possibly to change even more. Elections last year and now 2 PM's gone, possbly a third but all in all, Thailand remains a great place for my retirement. By switching to LTR no more 90-day reports for the next 10 years. Food remains great here with even more variety no matter what kind of food one likes,. Used to be no western foods as all except one Villamart. Baht has changed too over the years and we get a better rate now than we used to but not as good as the late 90's. All in all, still a paradise for me and my family. Schooling for daughter going well and a lot cheaper and if she so desires, she can get a great paying job in the US or elsewhere. Weather too is changing but no one controls that but I did hear on the US news broadcast this morning that the MAGA crowd is claiming that the DEMS are controlling the weather so that Republican states are suffering these horrendous hurricanes. (I am not joking, I saw several US news (YOUTUBE) broadcasts this morning.) For those looking to move, I read this morning that Panama is a tax haven and the weather is great too.

Actually, the politicians have seen the OECD agreement signed ion July 2023 and along with that article, a reporter mentioned worldwide income taxation and immediately the cash poor Thai politicians jumped at that possible source of taxe. IN some of the webinars on possible scenarios in taxation, some mention that this discussion is still ongoing as not everyone is on board with such taxation. Who know, the current government might not be around soon either, if they go down along with the other groups, then pretty soon there won't be any politicians left to nominate for anything.

I mistakingly dropped the "not" ...meaning if you are not in Thailand 180 or more per calendar year then you are "not" a tax resident so couldn't be taxed on that money.

The way taxes in US are done, one should do the US taxes first, followed by the Thai as opposed to letting the Thai grab a chunk first off and try to get something back - have heard bad stories about anytime one tries to get reimbursed here,. Just saying

can't believe that they would ever try that, but TIT and every department seems to like having another department do their work for them, i.e. immigration/taxes

Agree that local schools (not international) are just about a total waste of time. We tried that for 5 years with our daughter. But, we also spent a lot of time with her leaning at home. Finally we went to NEW sathit school, ultra modern buildings BUT locally controlled education so a complete wasted year. Within 3 years every child except the K group had been pulled out by their parents as a wasted time. Not a cheap tuition school either and we were offered free tuition to stay but opted instead for the Chiang Mai International School - best decision we ever made for her education. That school taught her how learning can be fun and she graduated with 4 languages (Chinese, Korean, English and Thai) and is enjoying college at the number one school in Thailand (plus whenever on a multi-week break at the number one university in Seoul). Right now she doesn't plan on working here in any capacity and says that is what college is for, to determine what kind of career one might pursue. I am fairly fluent in Thai but that was just wasted on any of her Thai teachers or school managers. THEY control the school and want to let farangs and other parents know that fact! IMHO anyway.

I totally agree with this. That is one of the primary reasons I decided to retire in Thailand after working and living in many countries including EU, Africa, Asia, Central America - that plus I do not like cold weather, I love the PI too but they have strong earthquakes, big typhoons, volcanic eruptions, but no cold weather either. The food in Thailand is great! and varied not so great in the PI to my liking. People are very receptive to foreigners (at least they have been to me) and usually let us live like we want - without hassles and without bothering them. I have been retired here for over 20 years and just extended my visa for 10 more years- hoping to last that long. No place is perfect by any means but Thailand sure checks most of the boxes.

I see that Panama is a very popular expat tax favorable location too!

any prospecitive person planning to relocate to Thailand will quickly learn about the "discussions" on worldwide income taxation plan of the current government. In addition, visa restrictions will also be considered i.e. 90-day reports, tm.30 reports, etc. If the Thai govt really want people to consider moving from another country to this country, then changes need to be done to make Thailand even more attractive. My opinion only and I retired here 20+ years ago and still love it here.

Funniest I have heard yet from Trump - he is complaining that because they reported his refusal in detail, it was too close to the election so a violation of the "airing" rules thus he should be awarded the victor already and no election needed. He also wants to kick all the anti-trump media out and resell their air licenses . Total idiot IMHO. He claims the laws in such a way that only he has an advantage, yet because he violates so many with his blatant lies, he is the one who should be penalized. Guess it really doesn't matter as neither one is worthy or qualified to be the President of the USA IMHO again!

Well based on what I read in the past week, in the US health insurers are zooming the premiums to such an extent that the media is calling those packages "Cadillac Coverage" meaning you paying for all the extras in the basic price. I am on a pension, thus also have a govt sponsored insurance company but it did enable me to get an LTR. Only good think about it I guess as in my entire life I personally have been blessed with good health and never filed a charge but my wife was killed by breast cancer/treatment and they paid dearly for that I guess.

I read a recent news articlle that said just the opposite. But if Trump is to win, and the Republicans keep the house then I think the debt will ZOOM again under him just like his presidency days. I am not so sure that the Congress will approve much for her either. But the future sure doesn't look too rosy for Americans IMHO.

well the AI experts say 2034 that AI will rule - not hard to believe as I am totally AI ignorant to the extreme. I managed an office with 50 computers but fortunately I had computer techs and expert users or I would have failed at my job. I do feel sorry for all those that worked their butts off in schools getting those degrees, offered great jobs and then having the rug pulled out from beneath them during a huge immigrant influx taking anything and everything offered just to get a couple of $$. Many of those youngsters also have house and car payments that are still due.

I have come to the conclusion after so many years of being like this, he does not even realize that he is not telling the truth. Just he never admits to ever doing anthing illegal or wrong. But some of his relatives say he has been like this since a child - maybe that what his dad taught him.