StayinThailand2much

That's my guess, and expats who have no income in Thailand would then be forced to try to get it back via a tax return. Anyway, until this isn't clear (in 2024), I will, personally, refrain from transferring any money to Thailand.

Many Chinese want their money to leave China due to problems with banks there. Perhaps they heard about that in Thai government and want to cash in on it.

There was an article very recently in "The Thaiger" where it was discussed that 'not all Thais investing overseas are rich', and often just 'make a few hundred baht income from such investments', so I guess it is not popular with them either.

Funny, just a few days ago we learnt that "Thailand Ranks Ninth in the World for Country Most Open for Business". Wonder, how that fits in with 64th rank in the Economic Freedom Index.

Well, if they were out for the average Thai, good luck with that... Even some well-to-do Thais are nowadays 'careful with money' when it comes to restaurant visits. Still plenty of expats in Bangkok as a possible clientele.

How about a Safety Dance?

Yes, and once more, for good reasons, together with India, they're attracting most of the investments relocating from China, and not Thailand.

What does handing out cash to everyone and their dog have to do with U.S. companies investing in Thailand? Fat chance that U.S. investments would benefit from such a short-lived consumer stimulus. Plus, sooner or later the money will have to be brought in again via higher taxes.

'When they requested money for gasoline and food the wife had taken a brown note out before I could do anything. When she went in for more they said 1,000B was enough. Probably depends where you are.'" Do they teach reading in your part of the world, Gottfrid?

Plus, as reported, they can get their hands on 'gasoline' money...

LOL. They speak Kazakh??

Yes, correct. But tourists usually don't need to transfer money from abroad to Thailand to satisfy long-term visa regulations.

This is not only about Thais. Most of such news articles are translated from Thai, and the original articles regularly ignore that there are also expats, long-time tourists, migrant workers, etc., in Thailand.

That would be anyone with a 1-year Non-Immigrant Visa extension, possibly even Elite Visa holders, etc.

Anyone with a brain will wait with a 2024 condo purchase until well after Jan. 1st to see how it will turn out in reality. I don't see how they will let in pensions or other transfers without instructing banks to deduct the tax upfront, just to have people prove that their money has already been taxed. The alternative would be to wait for the rich, as well as expats to declare their income and any taxation of it. I very much doubt the latter option will be chosen...

No, you can't. You have to do it in person. Can't your son or his mother open an account?

Knowing Thai bureaucracy, one may have to prove it. Say, you made x£/€/$ 20 years ago, then had it in a savings account till now, maybe they will ask you to prove that it was taxed 20 years ago in your home country. - I'm not suggesting that it will be like that, but who knows...

Again, residents who don't work here, but are expats with funds deriving from abroad are not mentioned, which is always a red flag in Thailand, as, basically, every bureaucrat can make up rules.

I don't think the banks are supposed to deduct tax from incoming funds. That being said, this is Thailand. Will be interesting...

Had to check the calendar... And no, it's not the 1st of April! What were the 87 countries; Afghanistan, North Korea, Niger, Venezuela... ?

My point was that, say, the CIA, would not (have) be(en) part in assassinating Russian leaders, as this would have (had) much bigger repercussions than 'helping' in getting rid of unwanted politicians in the Congo, or Chile...

Thailand - no prostitution, no (or few) scams, and only law-abiding citizens... Land of lies.

LOL. Thailand, for good reasons, is infamous for all kinds of scams targeting tourists (and locals). Some scams and frauds have been around for decades, without the authorities doing anything against them. Sales of overpriced amulets is just one example. Thailand without scams? - Like Haiti without kidnappings...

Thai 9

To be fair, the CIA was involved in a few in the 1960s and 70s, but that was in cooperation with domestic forces, e.g. the local military. But this is the 21st century, and Russia and North Korea are not impoverished African or South American countries.