Presnock

To each his own, as we all have our own opinion.

Only if they have assessable income which many will not. Any nationality without a DTA exempting some taxes or LTR as on now, might have problems. If that expat has documentation in ENGLISH then that is a minor and cheaper process to provide to the revenue department. However other nationalities with documentation in their native language might have to provide translations of those documents too. Agents/agencies may help provide that translation but probably at a cost. But unless one has a complicated financial activity, there will most likely be little problems for the ENGLISH documentation to show to the revenue dept that they have no assessable income nor are they required as of yet to get a tax ID number nor file tax forms. Seems easier for some more complicated for others. Common sense says those ENGLISH documentation should have an easier time than the others. Sorry if you got upset with my comments, I fail to understand why you and others get so upset with anything on this forum. It is only comments and most of us are just opining about a particular subject. Best of luck to you and others on this forum about this issue.

Yeah saw the number at 30K holding one of these - said mostly Chinese and don't think they would want them to be tax free but TIT.

I think one of the perks is unlimited golf at certain course...if one is an avid golfer then it might be cheaper to have one of these elite viisa...not sure of the other perks...

depends on which of the 4 categories of the LTR as at least one allows one to work in Thailand but tax is lower than normal for that one. I guess you are referring to the remitted income is not taxed yet for the wealthy pensioners. Until all the dust settles on this latest one who knows .... but at least no 90-day checks for 10 years.

you must not read much of this forum then!

Yeah I was on a retirement O for 20+ years, doing my annual report first in BKK at the old BanSuanPlu office and then moved to CW, and finally moved to CM. CM changed during many of those years too but then in recent years they seemed to actually make some positive moves for the expats. I always did all that was necessary for the annual report, even with the embassy dropping the income letter, etc and banking changes (solo account only), etc and never had any real problems as I followed stories on this forum so always had extra copies of many different documents incase of need. But then I read about the LTR - and we had this taxation scheme(s) of the govt so I without having any financial ideas about how I would be affected and that the LTR would help me out, as well as no more 90-day reports - so I got that visa within a couple of weeks without any real problems and then after many notes on this forum, I learned where to find info on my financial standing and the taxation schemes and learned that I was protected probably or possibly in several ways. Thanks to all those forum users who provided possible scenarios and financial situations and where to find that information of DTA's and the Thai Revenue Department for necessary information. Now I am totally relaxed and can easily await some further information from the Thai side on what they will expect from us. I do wish the best of luck to all the expats as we are just too easy a target for whatever schemes they come up with. I do not think all will be impacted greatly this year but if they go to their next scheme then I can see it hurting many of the expats and in any case will cause the government to actually lose money rather than gain more.

Well I note in the local news article on her speech about the 10 policies that she will concentrate on, the one on the economy and taxes included a bit that she wants to get expats involved in the local tax too. I assume it is the same as Setha's plans but I guess we will soon (maybe) learn just what they plan to do with expats and taxes.

They are probably looking at the foreigners from the US - you know the really smart ones, the MAGA folks believing everything Trump says so yeah those foreigners are stupid in the minds of the Thai.

Maybe that question will be answered by the Revenue Department before tax forms are due. Good luck

Those problems to which I was referring dealt with ENGLISH language official documens which should not be needed in translation as ENGLISH is the official international language of Thailand. I have noted in my 20+ years of retirement in dealing with the immigration or other government offices, my official US government documents never needed to be translated into Thai and were accepted for whatever was needed. As for the financial problems, on those if you have seen any of my notes on this forum, I tell it like it is - I am old and totally ignorant of financial activities - fortunately my pension is a govt pension and I have no other income so the DTA of the US and Thailand also is pretty cleart to me - the information about my finances and taxation in Thailand came to me via folks on this forum - I learned where I could find that info and did so and then I relaxed as I noted how simple my finances and taxation here are especially compared to others here. I do wish all the expats end up not having too many problems but I also realize that many will have complicated finance activities which the locals probably will not understand. Hope they do like the PI and ignore pensions of all types.

Well if the current govt/administration are wiped off the charts, all the larger party officials of the past generation cannot hold any elected position for years as part of the demolition of their party so who would folks even consider voting for?

...an then you woke up from your hilarious dream knowing it could never encompass all those positives for expats in Thailand!

Actually based on all the comments in this Forum alone, I think that there will be some expats from some countries other than the US, UK, Aussies that might have some problems but since I am totally unfamiliar with any other than the US I am just guessing how things will shake out in the end just like 99% of the users of this forum. But, I do wish the best and happiness for all.

I do believe that they do it at their office and it is "zoom" to folks after they log on...They didn't provide any further info, but said that I could share the info with possible interested people. I don't think they would provide anything for me so I didn't go any further with it other than to share it with the forum. Google their office and they can provide you with whatever you need. Good luck.

I subscribe to EXPATTAXTHAILAND and they have informed me of the following upcoming tax seminars for anyone interested. 19 Sept. How are Overseas Pensions taxed in Thailand? 26 Sept. Cryptocurency Taxation for expats in Thailand 3 Oct: How investment Capital gains are taxed in Thailand 10 Oct: Thailand-Canada DTA: Tax planning essential for Canadian expats 17 Oct: Navigating taxes on property sales and rental income in Thailand 24 Oct: Thailand-South African DTA 31 Oct: Thailand-Sweden DTA I was informed that I could provide this information for expats interested. If one would like to register for a webinar and/or any further information, contact "expattaxthailand.com"

Like I previously told someone else, I am just old and too ignorant to get into any kind of trading be it the stock markets or cryptocoins. I have really basic finances - a pension only - and can do my taxes usually within a few minutes each year. Less stressful for this old guy.

such is human nature at its best and to think that in many religions, greed/envy are sins. Then there are those that work their ass off and still can't make enough to even buy a house or provide for their family as they are just making some other person rich.

Never considered the markets either, just too ignorant of all the ins and outs. I had a great job, well paid and now have a great retirement income. Can provide easily for my family and if I croak sooner then they will still receive annuity without any problems. I do wish everyone luck in whatever they decide what they want to do except for those who just want to have some government give them free bennies without them having to pay anything.

yeah, that is true but too many people have been avoiding paying taxes on their income to any country, thus the OECD agreement to try to catch those people.

Their country so they can do whatever they want especially when it comes to expats

so apply for the LTR

Even if the Shinawat family loved expats, if they were to be kicked out it seem Anutin is striving to become the next PM, he will definitely have the support of the hopheads and he has always "disliked" farangs. Just saying...better I think to have this govt last a while and hopefully the economy will survive the worldwide recession that appears to be approaching. Good luck to all.

There was a note in US news today, forgot source but I will pass it on anyway - US folks lost over 5 BILLION dollars in cryptocurrencies last year - doesn't sound that attractive to me.