Presnock

from what I have heard, it is based on the integrity of the individual who should know if he has to file or not, if one doesn't have assessable funds remitted or whatever, one isn't required to file a tax form. The RD may have info on your stateside account or from local banks on your monies remitted and contact you about why the funs are not assessable. I can provide documented proof so don't plan to do anything right yet. '

that is why I take a tablespoon of tomato paste daily with breakfast. Other lycogene sources (other than tomatoes include, carrots, pink guava, ) lycogene is from reddish colored veggies, but tomatoes have the most and instead of a lot of raw tomatoes or stewed tomatoes, etc, I find that the tomator paste is the best source for me. there are a couple of best sellers out right now - available in the top book store near Siam mall area are two books on food research, the books by Dr. Willam Li a Harvard heart specialist, plus serveral other titles including researcher. His books, one tells what food/plants can prevenet, and even cure cancers and other diseases, while the other describes the best foods to eat for living a healthy long life. The researchers have already determined that all the diseases that kill people such as heart disease, diabetes, cancers, obesity, Alzheimer's, etc are all caused by the poor diets of people and I guess there are a small % by generic transmitted diseases too. I recently bought both books and am amazed at how eating healthy can help one live a better and longer life. Good luck.

may be a clue to just how empty the govt coffers are!

totally agree, we do not have the slightest idea what will come out in the final paper on these two programs nor if there will be even more schemes to get every baht they can from the expats since they are such an easy target. My opinion only of course and I do wish all of us good luck in whatever comes out finally.

Well to me it appears that too many of the new office sitters/bosses are being told to search every nook and cranny to find any baht whatsoever as the coffers have been found to be emptied on useless for the citizens (i.e.war machines, free money, etc) and these folks just have no idea of what they are doing nor what that office is really responsible for. I liken it to the US where those elected are selected by the $$$ folks and businesses that just want more money from the masses. That is very obvious here right now. The military govt made their purchases from foreign countries and now the current govt wants to tax the expats from all those foreign nations. We are an easy target for all as we have no real standing in this country. That is obvious by the visas they sell to us and their cries for "more tourist dollars" every year since they then don't have to produce anything except the collection from the foreigners. I think that I am safe from these two latest plans to change tax laws here but then again TIT and who knows what the next scheme might bring...hell, we don't even know that these two really could look like until the RD puts out the final paper on whichever or both of these two programs. Good luck to all.

What I meant was - not having all the finals of these local financial wizards and what they have decided they will do with ALL of the expat situations, it is difficult to make a decision affecting one's life. If they decided to change laws, cancel treaties with 61 countries Or mine anyway, and cancel visa benefits (what there are) , then I might just leave too and take my family with me or not BUT I could definitely cease to be a Thai tax resident. Good luck to all of us

anyone that has 40 million baht to invest here will look for a country with a STABLE government. Seems to me that those that set these conditions on foreign ownership overvalue the local properties.

Yessir been that way since I first lived here in 1972...

Whatever the doctor says do, do just that. in addition, try 6 ounces of pure pomegranate juice every day, drink 2-3 cups of green or black tea - no sugars, no dairy milk, eat lots of tomatoes or tomato paste daily. Some say this can help lower your psa numbers and help ward off cancers. But those researchers say doing these inputs too strengthens the pharma treatments. Just saying, no guarantees but I have read about the research on these and prostate cancers. Daily videos on YouTube about health and food.

well don't forget the war machines of all types, globe trotting of elected officials so they can relax and see how "it" is done elsewhere, plus all those meetings to discuss the why isn't it working type and how much can we get to pay for what WE need. Just too many things to consider for them

well, that is it exactly isn't it.... previous govts spent on frivilous matters, new govt promised the citizens the moon as far as expenses go and then upon moving into the new govt found out the coffers were already empty before they were able to even touch it! My opinion as I am not any kind of financial wizard either. I have done office budgets and they were bad enough but once retired, one payment from the govt every month - taxes and insurance already taken out. The provided with documents for everything from the office paying those funds, fill in a blank 1040, file with agency and viola! within two weeks only, a check from the govt again for overpayment! Other than than here the finances have been fairly simple too and unless some vigorous changes to their tax laws then I am staying relaxed until the final programs are out. I only follow on this forum to lend a little voice support to those that might be affected though they have been supporting a lot already just by living here. Hopefully they have always paid any taxes necessary as it might help them over he hump in whatever does finally shake down from the trees. Good luck to all.

My daughter went to an international school - tuition more expensive than the top local universities here but, it was worth it based on her attitude about learning without me ever having to say anything except "well done young lady, proud of you" as she excelled - speaking, reading, etc 4 different languages as well as great computer skills and high math skills too in case she would ever need them. The school, teachers and administrators were all super supportive and worked well with parents too in keeping kids on track - this during COVID and all except maybe Kindergarten didn't miss any academics as the school had already purchased an online teaching program in case they needed to close the school for pollution - lucky they had that program - very successful in my opinion - CMIS in Chiang Mai of course.

guess I am pretty lucky then as I retired here 20 years ago and so far have never felt the need for an agent when meeting the requirements of the immigration folks. Good luck to all

one note, if the Thai govt decides to go this route and at the same time to drop benefits of DTA and LTR, the DTA treaty signed says that at least 6 months advance notice that one side or the other will cease following the actions of the DTA, so if they want to change everything so that all taxes are covered by all expats, we know for sure it can't happen until next year so while some may leave sooner before the end of this month, the rest of us will have until January. Guess will be a few houses and condos going on sale if that were to happen. But, then again TIT and maybe some of the leaders will wake up shortly or be totally gone out of the picture. Good luck to all.

Yessir, totally agree that some folks might be treated roughly if this comes to pass. It won't really impact me that much unless they start changing a lot of other laws and finance too then I would leave and take my family with me. I can afford luckily to live just about anywhere, even here with some changes but it might come down to the principle of the treatment of expats that have been spending money since their arrival. I know how much I have spent and am spending counting house, international schools, college, cars, etc since my retirement here 20 years ago. I don't it would be fair especially those on the borderline of survival even here and all because of ineffective governement and unwarranted spending. My opinion only of course for whatever it may be worth.

Yes, most of ASEAN were signatories on the OECD agreement of July 2023 and some are going through this same exercise.

Multimillionaires? I think there are a lot fewer than you and the rest of the AN think. I only have a US govt pension so the taxes that could be avoided via the LTR are a moot point anyway because of the DTA with the US. If the Thais decided to wipe out all the treaties that have been worked out between Thailand and those 60 or 61 other countries, they by international law have to advise those countries in advance that they wish to do this. Then if they followed through they would have a difficult time getting any treaty signed with a foreign country for anything unless of course they follow this route and join BRICS in the fall. The LTR on last count hardly has enough expats to help the revenue dept meet their goals anyway. Any mulitmillionaires on an LTR would just cease to be a tax resident here or elsewherever they wanted. In the long run, any changes that are made to the tax laws against expats will IMHO cause a decrease in the funds collected by the Revenue Department as it will probably already show a drop from 2024.

looking at the qualifications for membership in the OECD it appears to me that most of what you wrote above will disqualify them anyway...guess that is why they are thinking about joining BRICS this fall as they hope to snuggle up close to XI and PUTIN who would welcome them with open arms.

Applied already in March 2024 - takes 5-7 years before approved or not - google Thailand applies OECD

TODAY THAI EXAMINER

those are called "agents"

suggest you read other articles too...not just this forum

just remember that is "TAX" resident after 180 days. Good luck

These as we have heard are international treaties between governments and to quit, either side has a time period in which to advise the other that they are quitting this treaty. These treaties were not just thrown together as some countries i.e. the US for one will not allow any other country to tax their government pension nor social security. For any country with a treaty, I doubt that they would carry things that far but...TIT and who knows.

IAW other article I have read says effective 2025 all expats in Thailand have to file for taxes...of course if one doesn't remit anything or has no ASSESSABLE funds then that is a moot point right now. Good luck.