Presnock

especially since he claims to be so anti-immigrants...also he claimed that he was outlawing "chained migration" where the family of a sponsored person also can immigrate legally - (except for convicted felons) at the same time he allowed Melania's parents to immigrate too (father was a convict). But Trump feels he is above all laws anyway so in his ind he can do no wrong - try to find sometime when he admits to any wrongdoing.

In addition as noted, it states that if your country has a DTA with Thailand even that earned in this the same calendar year is exempt - I think that they believe that the individual paid taxes on that income in the country that has a DTA with Thailand. I could be wrong but it sure seems strange that they even brought up the taxation bit. ANsd, we must recall TIT and next year might be worldwide income taxation and it will be interesting to see how they handle all the exemptions if they are still valid. Best of luck to all.

Because less than qualified (lots of reasons, laziness #1)people fail to do their jobs in a professional manner. This attitude and perfoirmance is the main reason so many citizens do not appreciate govt (all levels) employees! That is my opinion anyway. On top of that, whenever someone writes an online registration of any type, it should be all inclusive of necessary details. If a driver's license is used for voter registration, then a citizenship question should be part of the online registration - 98K for sure in fault! What a stupid error for no reason. No wonder so many MAGAites believe all that Trump says be it true or false. And yes I am well aware, she is no better than him. We the citizens will be the losers again! That is my opinion too.

The DirGen can determine if an LTR holder does not meet the qualifications for holding such visa, then for that year the remittance is not exemted from taxes. This is a correction

KHUNJEFF - I just reread the royal decree and I was mistaken in my original comment about the DIR GEN could drop it...but only if any of the qualifications were not met then for that year the remitted funds would not be tax free. MY mistake maybe due to old age and a rough day. Sorry.

I think that when I was reading in the revenue department (English) and read the royal decree about the exemption and it mentioned something about the DIRGEN could stop the exemption. I will check again and advise if I was incorrect.

Actually, they cut the LTR visa cost in half as they couldn't get the numbers of buyers that they wanted. They don't lose face as long as they are getting money,.

Yessir, I agree somewhat, in that they willl have to rely on self assessed incomes and while they won't have complete data on all people, will only go after for possible audit or quick check for documentation proving non-assessable income and they will probably determine this by a certain amount of income as they just won't have the manpower to do every expat as well as every new Thai that gets added to the tax rolls. MY opinion anyway but sure hope it doesn't come to more paperwork - that is one of the reasons I got the LTR was to lessen having to do the paperwork which just seems to increase more than decreases. Good luck to all.

Totally agre with you on this. I think that the DIR GEN according to the royal decree exemption for the LTR could drop that exemption but that she really doesn't have that power as it rests with the senior folks of the govt due to the ramifications. As such, and based on how they seem to be really trying to get more people to come here and SPEND money, the govt may decide to let that exemption remain for now. In addition, since the elite visa is now overpriced based on benefits, the govt may also drop the price back to what it was previously. My opinions only of course but sure hope they decide to provide something for the expats who have been spending lots of money for them and their families here and many of those for quite some time...like me 20+ years, house, cars, schools - daughter still in local college. But bottom line is TIT so who knows what will happen. Best of luck to all.

That is because DTA are treaties between two countries and if one country decides they don't like it, they have need to advise 6 months in advance that they are cancelling it. But i think that the DTA with Thailand and the 61 countries will remain in effect and from all that I have heard the DTA will override any local tax law. AS for the exemption by royal decree, it states that the DIRGEN of the revenue department could wipe that out too but I also don't think that will happen unless they grandfather all those already with an LTR. Hopefully, the Revenue Dept might make a clarifying statement on the worldwide income taxation plans but...who knows, daily it seems more and more complaints about the current government from other branches of the government so who knows if they will no fade away and a new govt might come to power with really different ideas. Best of luck to all.

expattaxthailand.com advertises a DTA - UK/Thailand webinar in the near future., It is free, just register with them and they will give you a date/time. I did the US pension remittance webinar today and it confirmed all that I have learned to date about my finances/taxes. Plus they give a 15 minute free consultation on one's taxes too.

OOOOOOOOOPs! my mistake, that is correct....7.5K

To expats re some agent info: expattaxthailand.com - provided a webinar today on pensions of different countries - some exempt due to DTA's others not which by now most of us already know. They mentioned that if one has no assessable income (i.e. only have exempted govt pension or social security) then one does not need to get a Thai tax number nor file any tax form. In addition he said that they will give one a 15 minute FREE consultation on one's taxes so if not too convoluted then should be able to help folks. They also have tax prep help, 75K, 12K and 24K depending on how much help is needed. They also have webinars set for DTA's and other tax filing issues in the future. One can contact them and register for the webinars (FREE) via computer (ZOOM). I notice someone has asked about the 800K for visa if it is taxable. Normally, if it is in the first half of the year, and then the person remitted it into a Thai bank, unless the person stayed 180 or more days that calendar year, it wouldn't be taxed but if one did remit the 800K early in the year and stayed the 180+ days, then it would be taxable. Some bit about the source of the 800K pre 2024 savings or whatever - a good question for one considering depositing the money to check with someone who might know for sure. He also said that his office has all the DTA's with Thailand if folks wanted to check on their particular country. Goodluck to all!

AMEN on that!

That is why the tax agents are jumping for joy looking for all the new clients. I personally am thankful to all the original expat notes in the forum that enabled me to fully understand where I stand in relations to the tax schemes and the DTA, best visa for me. I do hope that some announcements from the revenue department concerning the schemes becomes available so we can stop/start new volume of ideas/opinions. At times fairly entertaining but at other times can be just boring. Best of luck to all.

JUst imagine, we expats can't figure out all the ins and outs of the taxation schemes based on our country's laws - so how with the Thai Revenue Department be able to come to what WE consider a fair interpretation - TIT so they will decide for Thai side in any quesionable treaties...my opinion.

Yes, possibly like the LTR as they dropped the price 50% to attract more people.

The free golf is one of the tangible benefits in my opinion. If one is an avid golfer it could even save money over the length of the visa. My opinion anyway though I believe this visa if over priced - and they could drop the price just like they did with the LTR by 50% as they were not getting the numbers of people wanting such visa.

Yes I admit to ignorance of laws in other countries...and I opine often based on the laws in the US. Sorry but Thailand is like the US in that any new government can change whatever they want in their constitution, their tax laws or whatever. The BOI has no more of an idea of what may change than we expats do. On top of that, the current govt may not last either. In any case I do wish the best for all of us. I retired here because I love Thailand - I realize that like anywhere else, not all is perfect but it sure beats life in much of the US right now.

In most free countries, tax laws are changeable by governments and in free countries those leaders could change regularly and then a parlaiment/Congress can approve of those tax changes. that is a basic given...as a signer of the US Declaration of Indepence said only thing for sure in life is taxes and death or words to that effect. Just like Trump gave huge tax breaks to the rich and is promising the same thing for them now and saying he will drop taxes on Social Security. Here, it is the same thing, the royal decree says that the DIRGEN of the revenue dept can determine the dropping of exemption on foreign income... so it could happen an we should not be totally surprised as they CLAIM that they want to have equal taxation on all the residents of Thailand, even to the point of taking tax monies from the rich and giving that money to those not making a basic salary. The only exemptions will probably be the DTA's if they do not want to break treaties with the 61 countries currently having a DTA with Thailand. Other countries (i.e.the PI) are not taxing foreign monies/pensions - only income made in the PI. Perhaps the Thais will recognize this too.

if you extended on Aug 24 using the monthly transfers, then you will need to have 12 monthly transfers when you wish to change next year. That has been how it was explained to me as I used to do the monthly transfers too. But, with all the changes in visas recently, to be sure you should contact immigration unless some "expert" on the renewal methods see this and advises you...I thought that is who is here answering you already but ...

That is the current problem for sure - if they disband this party, penalize those appointed to ministerial jobs, then all those too would be banned for many years before running or accepting any position in a new govt. Pretty soon one could not find anyone to be named or elected as all would be banned.

I haven't either, and have lived and worked in many different countries with my two daughters having to use international schools to even begin an adequate education. I used to have to budget for the best schooling available for the children of our office folks so we constantly were evaluating local schools.

Yeah but made him and his family quite rich!

Agree with you! I too in my career was assigned to many cities where the pollution was very dangerous much of that was prior to unleaded gasoline. I can recall the govt doctors that visited the missions always complained about our outdoor activities (sports, etc) in such pollution,. One female world class runner upon returning to her capital and getting the regular physical, afterwards was told by the doctors that she was in great physical shape but that it was a must that she give up smoking as they showed her pictures of her lungs which appeared to be those of a 2-pack a day smoker. She had never smoked a day in her life - all due to exercising in polluted cities! Even my wife now talks about when we return to our house in CM, those worst 4 months we should consider travelling to some cleaner-air place.