Presnock

since Sept 2018, China is a signatory on the OECD rules of exchange between countries of banking data..

yes you are one of those that they are changing the world tax laws to find...funny you announce it on an open forum.

LTR also has no 90-day reporting to immigration so that procedure is out as well as current Tax ID law.

well, they would have to change the current tax ID law as it says one needs to get a Thai Tax ID within 60 days of remitting ASSESSABLE funds into the country. Since some of us IAW DTA's and current visa, like me, they won't have any assessable remittances so no need to file an income tax form nor get a tax ID. Now, yes they could change the current tax law on ID's and yes they COULD go to world income taxes here in Thailand but....TIT and who knows what will be the next scheme or the dropping of this scheme. Best of luck to all!

When I lived here in the 70's, there was talk every rainy season about moving the capital to Ayutthaya but that floods every year big time.

well even before they filled ALL the canals, I was here in the early 70's and Bangkok flooded a lot more then. Used to have rafts/rowboats at most intersections to help people across the street. I lived on soi Thong Lor (55 Sukumvit) in those days and my daughter used to catch the Siamese fighting fish in our yard throughout the rainy season as it remained under water almost all the time. Before it was all of BKK under water and now more localized and does drain better in my opinion.

Yes, when BOA cancelled my account of 50 years as I had no US residence, I was able to open an account but I used my Thai address so am sure they will be exchanging data under the CRS or whatever but I have no problems with that yet... have and LTR and US DTA to help protect my money as I pay my US taxes regularly. Good Luck

only chance might be providing tax filings with the Revenue Department but don't really have any idea what will be affected if this latest change becomes fact.

depends as many may have low pensions or social security that is not "assessable" for taxes in their home country but as the Thai tax tables are different, these pensioners or SSl recipients will possibly be taxed here in Thailand unless they are protected by a well stated DTA concerning their income. Hopefully very few will be affected.

well, both the US and Thailand are signatories on the CRS program and they entails sharing of banking info on foreigners within their country that have bank accounts. If you are remitting funds from your country to Thailand and your bank knows that you are a tax resident in Thailand, I do believe that they will share data - what all that entails I haven't the slightest idea. If you have been filing a tax form either in Thailand if a tax resident or in another country on income from the other country and have accounts in both then they will be sharing data on your banking...this year will possibly be minor compared to what might arise next year. I am not affected yet but TIT so am sitting on the fence right now waiting for the next GREAT tax the expat program. Good luck!

well, I can fully understand the problems they are having coming up with whatever tax changes that they think could help them and we see on this forum than the majority of folks don'tr even understand all the tax problems from their own country - now the locals if they cared at all would have some "experts" advising them but we know that will never happen. The bossman has directed them to find every baht possible immiediately so who is stuck out on a limb so to speak - the expats who have no options, either stay and pay or go. Hopefully most will not be affected with the final program on tax changes.

heard a shrink response to this many years ago - the average SEA females' bodies are about the same size a western girls bodies when we were reaching puberty and therefore are attracted to that size woman. Works for me. But guess it is all in the eyes of the beholder.

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