Phulublub

ANY income? My UK Military Pension is covered by the DTA and not assessable income. What is an "IRA account"? Something not applicable to most I would suggest PH

If he can obtain a statement of his savings as at 31 Dec 23, and only transfer those assets, then they will not be assessable income. The proceeds from his house sale can remain outside Thailand and are therefore not subject to these regulations.(perhaps opening a separate account so he can, if ever necessary, clearly demonstrate this). This assumes the house is his PPR and no CGT has been paid - if not that MAY be another avenue under which the UK/Thailand DTA MAY kick in (I have no idea, but might be worth investigating for him or others with properties they own but which are not PPR). PH

How many times does it need to be said that the vast majority of expats will have zero, or near zero, tax to pay and this new measure is not aimed at us at all, but at wealthy Thais offshoring income and bringing it back without incurring any taxes? We do need to be mindful that we follow the rules and understand our own personal circumstances wrt assessable income and DTAs, but that's about it. PH

Will do if I can find! Any chance of a picture (that could paint a thouseand words...) PH

Make your own....https://www.wholeheartykitchen.co.uk/homemade-baked-beans/ among others. You get to choose whether, or how much, sugar, salt and spice to add. And way cheaper than any store bought, even with the expense of imported Worcestershire sauce PH

Nonsense. Obtaining a TIN has nothing to do with paying any extra tax. Obtaining a TIN will allow you to pay any tax due, if it is - and we all have the same legal requirement to do this here just as we (mostly) do in our home countries; it will also allow those whose home country banks ask for it, to have it readily available. Thailand has only recently joined CRS so these changes will take time to feed through, but they will. If you have your tax affairs in order, then in all probability, the vast majority will have little or no liability here through a combination of tax already paid, tax allowances here, non-assessable income and DTAs. If it becomes a requirement down the line to show evidence of no tax owed for annual extension, already having a TIN (and maybe filing a return showing zero tax owed) will make this a smooth transaction rather than a last minute scramble alongside the hundreds of others in th same boat. Those who wish can, of course, go rght ahead and do nothing, wail and moan and shout they are leaving for greener pastures (where?!) if the authorities bring this in. Maybe they should ignore threads such as this? Others might make more prudent preparation. PH

This talks about exemption for Houses, not condos. There is a difference, but I have asked for definitive advice from a much more knowledgeable (Thai) friend. PH

https://www.tilleke.com/insights/new-land-and-building-tax-act-thailand/ New Land and Building Tax Act in ThailandThailand’s new Land and Building Tax Act B.E. 2562 (2019) (the “Act”) came into effect on March 13, 2019. Payment of land and building tax under the new Act will be required from January 1, 2020, onwards. The new Act revokes and replaces various pieces of formerly applicable legislation, including the House and Land Tax B.E. 2475 (1932) and its amendments; the Land Development Tax B.E. 2508 (1965) and its amendments; the Notification of the National Executive Council No. 156 dated June 4, B.E. 2515 (1972); and the Royal Decree Designating the Medium Price of Land for Land Development Tax Assessment B.E. 2529 (1986). Under the Act, both individual and juristic persons who have ownership, possessory, or usage rights over land or buildings (including condominium units), as of January 1 of each year, will be required to pay land and building tax to the local administrative authorities. Payment will be due in April of each year. The official assessed price of the land, building, or condominium unit, as determined by the government authority for the purpose of collecting registration fees under the current Land Code, will be used as the basis for calculation of the land and building tax. The actual land and building tax rate that authorities will collect will be announced by royal decree in due course, subject to the fixed maximum rates, exemptions, and transition period rates outlined below.

Who told you that!!! ??? Is a tax on the condo, nothing to do with who lives (or doesn't) there PH

QR Code doesnt work. But apparently can pay at Krungthai branch in Central festival which will be more convenient for many. Our condo juristic also gave out a link for direct transfer which I used, but cannot find details atm PH

Where are you resident? If you are resident "back home" then you are not resident here, but you seem to think you are resident here, so you are not residnet there. But if you are here for 180 days or more you ARE tax resident here; whether you have assessable income is irrelevent to that. If you are resident here, it is not only your home country bank(s) that will be able to use CRS to report your transfers - your thai bank will also do the same. Trying to play lever on one end will get you nowhere. PH

Which is why everyone should check periodically for their own personal circumstances to make sure they are getting a competitive transfer. And if making a one-off larger payment, double check as your usual method may be a lot more expensive than your usual transfers. Individually, neither the exchange rate or charges are important. ALL that matters is how much you have credited for the amount you spent. PH

State pensons have ALWAYS been paid for by those working. PH

The same way they can track any and all electronic transfers into and out of the Country. PH

It isn't a new tax. It is a change to existign tax. Don't know about you, but I would never read anything about Thais paying it as I cannot read Thai. PH

It is. So much hot air, so much "they are after us" nonsense, so much "they need us so much" baloney. The vast majority of long term expats will have little or no tax liability as their assessable income will largely or wholly be either exempt or already taxed. I look forward to the complainers and moaners leaving for what they see as better options and not bothering these Thai forums any further. PH

Ah...perhaps this is the underlying reason for the "new" article that tells us not a single thing we did not already know. PH

Or you have a 5 year visa that is not stamped "USED" on entry. You arrive and can stay for 180 days but must then leave, but can re-enter multiple times during the 5 year validity, each stay for a maximum of 180 days. ONE of those entries can be extended by another 180 days during the Visa validity. Similar to an METV, but costing a lot more an valid for a lot longer. PH

If you are non-O and the regs do not change for us, then you should tailor your Insurance to what you need, rather than some arbitrary figure unrelated to those needs. PH

Need to see the final details. Because if everything is like this, everyone over 50 will change from retirement to digital nomad as less hassle is involved. So final details are important. Reporting every 90 days during a 12 month permission to stay is different to having a 180 day permission to stay. PH

Just tried again and now working

Getting same problem - I have emailled support

PCEC usually on th eball with immigration matters for Jomtien...they have updated their TM30 info here: https://pcec.club/LATEST-IMMIGRATION-INFORMATION

In February when I renewed my extension, Jomtien had new notices up saying that a TM30 dated after the last entry to the Kingdom was required to conduct business with them. This is not a new requirement, but has only recently been reintroduced. Registering yourself on the online TM30 website is relatively straightforward and then updating whenever you come back into the Country is simple. The Agent is taking the proverbial asking for THB1000 for a two minute job - but then if you pay an agent and use bogus information, you are stuck. PH

So, to obtain the small annual increases in pension, you intend to break the rules and pretend to be living in the UK. When you do return for visits, will fly to the EU, then use overland transport to enter the UK, then repeat that on the way back. Seems a lot of effort, time and expense to me; you are still breaking the law and thus subject to penalties and fines. PH