aldriglikvid

Not a UK resident, but - may I ask, what's the reasoning of not letting UK nationals currently not residing in the UK having active bank accounts? Is it a new law?

Although I appreciate everyone's contributions in interpretating this upcoming tax law, there's little to none discussion on how they would practically implement and enforce these new law. As it stands now, Thailand is unable to automatically link a traffic ticket to a centralized database of driving licenses. For this to be enforced properly they need to establish +180 days in the country i.e. tax subject - Revenue Department links to Border Entry's? Electronic monitoring of transactions - If this would be implemented, it's quite unique in a global context. It's rare. Most countries have end-of-year balance sent to RD's and also dividends/capital gains as per CRS standards. I'll probably be heavily criticized here, but here's how I see this playing out: - Tax law postponed +6-12 months - First 2-3 years "the big fish" are targeted via KYC-like initiatives from Banks. Meaning, Banks are encouraged to investigate "large and recurring transactions". If these are not properly explained, they are sent to the RD for tax/further investigation. - +2-3 years everyone with a non-im (or similar) making yearly extensions are encouraged to show tax filing "back home" as per DTA, or be taxed in Thailand on the spot The idea that Thailand would be able, 4 months from now, to automatically monitor the bank accounts and transactions of approx. 80 million people (domestic + foreigner, non-TINs, TINs, Elite's, ED-visas, etc.) and smack a income tax on the aforementioned, just seems like a pipe dream. Send it by mail? IM knocking on the door? Deducted at the airport?

Fellas, what have your reception been to combat UTI's in Thailand? I feel that I have a stubborn UTI at the moment, and "back home" with a medical history I could get a couple of calls to get a subscription. I live in Pattaya. Obviously, I could take the whole tourist experience ($$$) at any given hospital - but I'm looking for a more straight forward solution with Test + Subscription. If you understand my reasoning.

https://www.bangkokpost.com/business/general/2652846/amendment-to-see-overseas-income-taxed Nothing really new in the article. But, the more communication I read it seems to be targeted mostly to Thais and not explicitly a farang hit-job. I transfer approx. $40-50k of taxed capital gains & dividends to a Thai account every year, from a country with DTA with Thailand. If things were to get really sour, which I don't believe it will, I could cut those transfers in half and using CC's and the likes for my spending here. As of now, not overly concerned but following from the sidelines with interest.

1) In the earlier reporting I read an article/screeenshot in some thread here, that Capital Gains & Dividends already taxed abroad in one of the countries with a DTA would be exempt from this new legislation. Is that still the case? I understand that all details are not out yet. 2) How till this be enforced, in practice? Many of us, me at least, don't declare any tax in this country and thus don't carry a tax number. Will they simply put a % tax on all the international transfers into my Thai bank account? It seems like a big undertaking, operationally, for a short set of time.

1) In the earlier reporting I read an article/screeenshot in some thread here, that Capital Gains & Dividends already taxed abroad in one of the countries with a DTA would be exempt from this new legislation. Is that still the case? 2) How till this be enforced, in practice? Many of us, me at least, don't declare any tax in this country and thus don't carry a tax number. Will they simply put a % tax on all the international transfers into my Thai bank account? It seems like a big undertaking, operationally, for a short set of time.

Capital Gains & Dividends taxed abroad in one of the countries with a DTA - is it somewhat confirmed that it's exempt this coming tax? I understand all details are not out yet. Bless

I've made my arguments very clear in earlier threads. You boomers stay at the Nasdaq and LSE, and I'll pick up the gems here and tax 0% in capital gains. Bye

Sounds clever, but hardly true. What's with this forum. People just make up things that sounds like a zinger.

Jeez, that was painful to read. I'll try to help you with that, almost retarded, conclusion of yours: 'Stock Market 1' 1500 listed companies Let's say only 2 trades are made per day, of which 1 trade from an American and 1 trade from a Thai local = 50% foreign investors (your conclusion here is completely irrelevant, as you see) Foreign flows are approx. 40-50% of all markets in the world - it has nothing to do with KPI's such as shareholders per capita, analyst coverage per company, valuations per company etc.

Yes, I do - and I've made tons of money. These generalisations from @XGM, with a racist undertone, that management - or "insiders" as they are called here to increase the intrigue of it - will rip people blind, just because it's a Thai listed company is absolute nonsense. As mentioned earlier - three times now - all markets have some bad apples. If you do proper research, your ability to find great underanalyzed companies here are far, far easier than in the US. Less local competition, less global competition. Don't listen to the naysayers - go for it.

Not reading all that, I tried my best to help you. Good luck!

- If you want to go fishing, and your ambition is to catch fish, do you want to fish in a pond with 150 other people also fishing in the same pond - or do you want to go to a lake where there's 3 people? Your questions are just too basic, and I don't have very much time to engage - but, here's some details about analyst coverage: Banks, such as Bank of America or J.P. Morgan, that have tens of millions of customers, produce equity research on companies. Whenever they like a company, i.e. cover a company with a Buy-rating, that is then sent as a Buy recommendation to their million of clients - creating a flow of bids (i.e. "demand"). Secondly, all the mutual funds around the world - trillions of dollars asset under management - use equity research to screen out their prospective new companies to acquire. Fishing in this pond, competing with slick wall street analysts - and then the whole tens of millions of retails investors doing research - how are you supposed to beat that? That's what I mean, it's easier to win a market with low competition. If you can't grasp those absolute basics, I've nothing more to help you with. Buy the Nasdaq. Buy Microsoft, have you heard about that up-and-coming tech company? Grab it before other finds it. ????

Wrong way to think about it, think about engagement: Shareholding per capita is below 5% in Thailand, and approx 50% in the US. Put differently, it's hard to find someone in their 30s or 40s in the US not invested and doing research of the US stock market - opposite here. It's rare. Not to mention lower valuations. Less competition and lower valuations. Secondly, analyst coverage here per company is about 1/10th of US dito.

Again, we can't use Enron, Bear Stearns, Waste Management, World Com, Lehman Brothers, FreddieMac, Tyco (should I continue?) to claim the entire US Stock Market is uninvestable. All markets have some bad apples. The great thing about the Thai Stock Market is that you have zero to none global and local competition to stockpicking, so there's ton of money to be made. 0% Capital Gain tax for us locals and only 15% dividend tax. Don't listen to the bitter Boomers on this subject. Thanks!

Don't listen to this low-testo, low-energy nonsense. Thailand have approx. 950 listed stocks and as with all markets, you have gems and you have losers. Tons of value to be had in this local market if you're willing to do the research. The locals hardly invest themselves so there's little competition.

Tried to Google the 'New Nordic'-debacle but I have some outstanding questions: - The built and raised Condo's throughout Pattaya, containing the name New Nordic, are these in any way encumbered, or/and liable the plaintiff's/group that are in a bankruptcy proceeding? (loans, leasing, etc.) or are they "traditional condo's" per today? - In Thailand, are condo's able to mortgage the common title similar to - let's say - Scandinavia?

Hi Fellas, So - I'm one of the many (many) unfortunate tenants that have owners that outright ignore, or are reluctant, to do the TM30. My "savior" was the website https://tm30.io as "it" was able to create a login for me that works both on that website and on the Immigration38-app. As mentioned in this thread, I was unable to use my old/current login/password and thus redirected to create a new account. - What Documents do I need? I only have Rental Contract, My Passport (& Owners Passport Copy). Is that enough?

Not sure were you got that data from. TPC said on their annual meeting that they had over 10k applications Jan-July.

I'm sorry? As shown, membership are through the roof (almost 10x in 4 years) and I would argue that they are rising prices because they can. As there is a high variable cost with a TE membership, it makes economic sense to raise prices instead of raise volume. My comment was towards people saying that the price increases are because of falling membership numbers i.e. "Thai Economics". Elderly, often bitter and with low levels of testosterone, expats claim there's a specific Thai phenomena where Thai goes against common logic and increase prices when demand falls. Myself, I haven't seen this phenomena called Thai Economics. Actually, I can't think of another society that is so fixed on "discounts", "promotions", "buy 1-get-1" i.e. traditional economics. ????

How come you guys in the age of 70s and 80s are so bitter about this scheme. You want it to fail bitterly, and if it's not failing all the people subscribing are utter morons. Help me understand.

Yeah, and that's why I acquired TE 20y in my mid 30s. I'm sorry, what is that I don't get?

Not impressive? TE had 6k active users in 2019 and had 40k last month, according to the chairman of TPC. This doesn't account the new influx of members that are signing up before the new prices. Probably 50k as we speak. According to your logic, Rolex and Ferrari needs to "step it up" because Casio and Renault sells (nominal) more watches and cars per year. TPC doesn't want TE to be a volume-plan, and here's why: Every new member with a PE-visa requires a private shuttle on Suvarnabhumi, Phuket and Chang Mai. Every new PE-visa requires special bypass att check-in, special bypass at security and finally use the same immigration line as the pilots. The idea that TPC are seeking VOLUME, as you guys claim, is nauseating clueless. They try to find a traditional Supply and Demand BALANCE of what deep-pocket tourists are willing to pay. When users are growing +100% YoY, for 3 years in a row, clearly they are underpricing themselves. Not to mention all the staff (costs) they need to hire to meet and greet all these new clients on the airports. It makes absolute economic sense to raise prices here, and as a 20Y TE holder I'm delighted they're doing just that.

The last five years, and the last 10 years, the most common card has been the 5-year card. Looking forward, I have confidence that will stay the same. Thus, you have a substantial amount of people rolling of every 5 years. As we're now 20 years into to the programme, there's cash-flow each and every year now. There has been a huge uptick in new members 2020-2023. Almost 35k new cards in total. Billions of THB. Although they get money up front, according to accounting standards the revenue will be divided into 5/10/15 years. When they get money upfront, but deliver a 20 year service - they are in the same position as a insurance company. A very beneficial one, as they can get a return on the money throughout the years (bonds, interest, stocks etc.). Although your question is fair and balanced, compared to much other absolute lunacy here, there's absolutely nothing that indicates that applications will go down to zero next year.

1m thb for a 20 year hassle free visa equals 50k thb per year i.e. $1.4k per...year! Not even mentioning priority check-in, priority security and the same immigration queue pilots and flight-crew using. If $1.4k per year is "expensive" and "money in the water" I just can't help you. It's an incredible value proposition, IMHO. Finally, who cares if applications go to zero after the price increase? (Which, of course, it won't). Being a LTD they use IFRS accounting and thus the 35k applications paid and accepted the last 3 years, will contribute to revenue and profits for years to come. The cash is already in their coffers and thus can earn money "again", similar to an insurance company. Enough of clueless Euro-poors today. I'm out!