GeorgeCross

1 hour ago, Freddy42OZ said:

Getting stoned on a bit of weed is very similar to being slightly drunk, without the desire to start fights or be an annoying old fart.

yeah, its the nice buzzy bit before the nastiness starts

and with no hangover of course. 

18 hours ago, 0ffshore360 said:

Exodus to where/what? Gold? Renminbi ?

european equities first half, now piling into US (tech)

this is the base report the OP is written from:

https://www.henleyglobal.com/newsroom/press-releases/henley-private-wealth-migration-report-2025

17 hours ago, BarraMarra said:

How can a russian at 30 afford a motor like this ?

maybe he decided to make himself rich rather than wasting his whole life making someone else rich.

On 5/6/2024 at 10:10 PM, OneMoreFarang said:

Can you explain?

As far as I know girls are not allowed to work in gogo-bar when they are under 20 for that reason.

And in some areas, i.e. Nana, this is now enforced. 

in hua hin its 50.. and rigidly enforced too 😂

does anybody know if we have to leave every 90 days on a multi-entry non-o or can extend each entry (so leave every 5 months?)

also can we border bounce the entries? or have to stay overnight?

they'll "just pop down to the Winchester until this all blows over"

1 hour ago, tomkenet said:

Your bank in your home country will demand to know where you are tax resident. If you still have an address in your home country you will be treated as a tax resident in your home country. If you have changed your address to abroad they will ask you where you are tax resident. You will probably have to prove it with documents or TIN number.

theres generally an extra box you can tick that states something like: "a tax number is not required in my country"

50 minutes ago, Thaindrew said:

for a while its going to be the case that we will bring the minimum amount of money into Thailand as possible to live to minimise tax exposure based on the statement "the portion of income from foreign sources that is brought into Thailand". Over time how RD apply the rules will become more known in terms of offsets / allowances, how they deal with inbound funds for property purposes etc.

 

At least, at this stage, they aren't proposing to tax all global income, otherwise there may way be an exodus

wouldn't they just roll the unpaid tax to the following year? nothing states it restarts each year only that it can be collected any year

" you bring 1M baht farang but owe 2M. pay 1M now or no visa.. "

16 minutes ago, Ben Zioner said:

That's how, you ought to learn these things..

 

 

i wonder what would happen if in your case you transferred 845K under the proposed rule or 100K for that matter.

100% claimed as tax or 30% ?

and if in the latter would the balance rollover to the following year?

devil will be in the details.

4 minutes ago, scorecard said:

Is Section 40 and it's contents applicable to Thai citizens only or all people residing in Thailand?

think it applies to all tax residents, thai or foreign but not sure it was only my take.

here's the link you can try read yourself f you want:

https://www.rd.go.th/english/37749.html

4 minutes ago, Thorgal said:

That's an incitement to a lot of divorces... 

its "up to" not 20M only

send your wife her housekeeping + beer money every week if you want!

5 minutes ago, Yumthai said:

Those happily married to a Thai national can transfer (in this case from abroad) to their spouse up to THB 20 million in value per calendar year tax free as a gift.

that would solve many problems - do you have a link for infomation about this?

19 minutes ago, cleopatra2 said:

The issue is the OP is incorrect.

The OP states this includes savings . When if you actually read the notice/instruction it is only refferinng to income from work activities and property whilst being a Thai tax resident

i get that, but if given a choice which do i send? income to be taxed or my savings to buy a condo?

and how would thailand know the difference?

they won't, so the onus will be on me to prove legitimacy and in that case i won't bother, i'll buy an asset in a friendlier state

39 minutes ago, freeworld said:

No Thailand does not tax savings, only income. Of course there should be a trail which could show that it is savings.

i'm sure they will let you bring in your savings AFTER you have paid your income taxes for every previous year.

26 minutes ago, jaywalker2 said:

As it stands now, this wouldn't affect retirees, who are not registered with the tax office. But it seems the powers that be are determined to screw farangs as much as possible so it's hard to feel confident.

i believe you are required by law to register with the tax office if you are liable to pay taxes and as pensions are covered under section 40 as an income you will all have to. hope i'm wrong as my local bars will get even lonelier, but thats my reading.

Quote

Section 40 Assessable income is income of the following categories including any amount of tax paid by the payer of income or by any other person on behalf of a taxpayer. 

(1) Income derived from employment, whether in the form of salary, wage, per diem, bonus, bounty, gratuity, pension, house rent allowance, monetary value of rent-free residence provided by an employer, payment of debt liability of an employee made by an employer, or any money, property or benefit derived from employment.⁴