4myr

If I understand you correctly, you came the second time to collect the tax forms, because of what the lady explained the day before, you need to file a tax return as your pension is taxable. Did she explained also that some income is not taxable, like if you send savings from before 2024, it is tax free? Because page 2, item 3 assumes any money you send, is seen as non tax free.

A CNBC classic on Chinese EVs vs Tesla:

A few days ago I test drove the Seal Premium. I was attracted by the big discount [1.1 M for Premium] and the long range [570 km WLTP]. At the moment only the Aion V can beat this on price. I was most impressed by the dynamic handling and noise suppression. I also drove on dirt roads and on roads with small road bumps. The suspension is stiff as a Mazda. Except on road bumps, it will bounce a little bit longer. Two things did put me off. Although the sunroof is silver coated at the factory, and additional ceramic film has been added, it felt a bit too warm inside, due to the full black color of the interior, including the pillars, and perhaps not optimal AC cooling. It was set at 23 C while in my Mazda with light interior 26 C is cool enough. Also the trunk space did not fulfill my requirement. Two 28 inch luggage suitcases did not fit. The width is only 1 meter and my suitcase is 54 cm wide. The Seal is from MY23. This is visible in the software. Contrary to Sealion 7 there are no nav directions on the HUD and no small nav map on the driver's display. In 2025 I also expect native route planning with on-route chargers similar to the ABRP app. For my next EV quest in 2025 two cars are remaining. After driven the Seal, I will only consider RWD cars. Hopefully in coming Bangkok Motor Show the Deepal S05 will be launched. And that the SL7 will be lowered in price. The S05 has in total more boot/frunk space than SL7 [651L vs 578L]. And the car is 450 km lighter, so more efficient and it can charge faster. Let's see if in Thailand the S05 can charge more km/min, as chargers with more than 125kw are still limited. S05 driving review [turn on subtitles]: Sealion 7 driven in Thailand:

Agree on sluggish sales this year, but for Sealion 7 to drop that far will be too much of a stretch. BYD does not need to as competition in this segment is not so fierce as in Australia. Last Motor Expo's introductory price of 1.15M will be enough to blast any ICE [CRV, CX5] or EV [Deepal S7, Xpeng G6, Tesla MY] competition. Expect this price again at coming April Motor Show. Note that SL7 is still fresh. The Seal's price drop of more than 200k is because the model that is sold in Thailand is the same MY23, more than a year after it's launch. In China they already sell MY25 with 800V architecture, and in Australia they are selling a minor upgrade of MY24 with electric sunshade added for almost the same discounted price as the MY23 model in Thailand

Patcha did not mention DTA exemptions as being non assessable or non declarable. Is this an opening for applying Carden’s tax filing services? As Carden’s remark to file an alert does not make sense to me, as there is no way to enter it into the form Answering questions, Mr Carden said that the Thai government had promised to honor double taxation treaties with 61 countries. However, these were all unique and could not be used as some kind of blanket immunity. He suggested that an expat should refer to the applicable terms in the submitted tax form by way of a caveat or alert.

First impressions of Munro's teardown of a BYD car [ "not revolutionary", a mash up of existing components?, "unimpressive ride" ]. Contrast this to Japanese teardowns who looks at it from a cost/performance perspective, and not from an engineering ingenuity only. https://insideevs.com/news/738606/byd-ev-teardown-impresses-japan/

I don't agree. The majority of law abiding citizens wants to file tax returns if people tell them how to do it. CRS/avoiding tax evasion and money laundering is just marketing language of a OECD burocracy. Finally it is all about getting more tax bucks with the least amount of resources. I think Thailand has put their effort less in communicating to the majority of law abiding citizens and more resources to handle tax returns, but more in back office smart AI software to catch the biggest offenders.

Just speculating here, why TRD does not have to make a lot of effort, if they want to catch additional tax income on foreign sourced remittance: 1) tax residents who remit automatically their pension, even though many are only taxable in Thailand, many of them have been taxed in their home country and because of higher allowances who are over 65 year, the catch will be minimal. So no extra effort will be taken by TRD for this group 2) tax residents who remit manually by Wise et al below certain thresholds, the first years 2025/6 many like me will remit first their non accessable income e.g. savings/income prior 2024. So why TRD should bother with this group in the first years, until this income source is depleted I think TRD will focus primarily on manual cash or crypto remittances above certain thresholds [above 2M baht and 30% tax bracket] with no or low tax return declaration attached, or without a Thai TIN or foreign TIN known to the reporting FIs.

Trying to gauge if AI search know more about price cuts in Thailand: "are there signs in 2025 that ev price cuts in china will spill over to australia, thailand and indonesia" Answer There are indications that the aggressive price cuts in China's electric vehicle (EV) market in 2025 may influence pricing strategies in Australia, Thailand, and Indonesia. Here are the key points from the search results: 1. Continued Price Competition in China Chinese EV manufacturers have engaged in significant price reductions, with an average cut of 10% across various models. This price war is driven by overcapacity and a need to maintain market share as competition intensifies. The average selling price for pure electric vehicles fell by 24,000 yuan (approximately $3,275) in late 2024, suggesting that manufacturers are willing to compromise on margins to secure a larger share of the market 12. https://cnevpost.com/2025/01/06/china-auto-market-227-models-price-cuts-2024/ https://www.scmp.com/business/china-business/article/3292531/prices-slashed-again-chinas-ev-sector-threatening-unprofitable-carmakers 2. Potential Spillover Effects As Chinese EV makers continue to cut prices aggressively, there is speculation that these trends could spill over into international markets, including Australia, Thailand, and Indonesia. The competitive landscape in China often sets precedents for pricing strategies globally, especially as manufacturers seek to replicate their domestic success abroad 35. 3. Impact of Tariffs and Trade Policies While Chinese manufacturers are pushing for lower prices, external factors such as tariffs imposed by the EU and potential trade conflicts could complicate pricing strategies abroad. These tariffs may lead to increased costs for imported vehicles, potentially mitigating the effects of price cuts in China on foreign markets 67. https://www.rte.ie/brainstorm/2024/1209/1485393-china-electric-cars-ireland-price-batteries-tariffs/ 4. Government Incentives The Chinese government has extended consumer trade-in subsidies into 2025, which may further encourage aggressive pricing strategies among manufacturers. Such incentives could also motivate international brands to adjust their pricing to remain competitive 49. https://www.reuters.com/business/autos-transportation/chinese-ev-makers-extend-buying-incentives-price-war-enters-third-year-2025-01-02/ 5. Market Reactions in Other Regions In Australia, Thailand, and Indonesia, local EV markets are becoming increasingly competitive as brands respond to shifts in consumer demand and pricing strategies from major players like BYD and Tesla. Price adjustments have already been noted among various brands in these regions as they react to developments in China 8. Conclusion Overall, while there are signs that the price cuts in China's EV market may influence pricing strategies in Australia, Thailand, and Indonesia, external factors such as tariffs and local market conditions will play a crucial role in determining the extent of this impact. The competitive dynamics established in China could lead to more aggressive pricing strategies among international brands as they seek to attract consumers amid evolving market conditions. "give me your sources per market" Answer Here are the sources detailing the latest electric vehicle (EV) price cuts in Australia, Thailand, and Indonesia for 2025: Australia Chery Omoda E5: Chery has reduced the price of its Omoda E5 by $6,000, bringing the entry-level price down to $36,990 before on-road costs. This price cut aims to increase sales amid a competitive market environment. CarsGuide 1. Nissan Leaf: The Nissan Leaf's price has been slashed to $34,990 driveaway, down from $50,990. The e+ variant is now priced at $44,990, reflecting a significant reduction aimed at boosting sales. The Driven 3. BYD Dolphin: BYD introduced a new entry-level Dolphin model priced at $29,990, representing a reduction of $6,900 from previous pricing. This makes it one of the most affordable EVs in Australia. CarsGuide 5. Cupra Born: The Cupra Born has seen a price cut of up to $20,000, with the new starting price now around $49,990 driveaway. This adjustment enhances its attractiveness to potential buyers. CareExplore 4. Thailand While specific articles detailing 2025 EV price cuts in Thailand were not provided in the search results, the general trend indicates that local manufacturers are adjusting prices in response to competitive pressures and government incentives aimed at promoting EV adoption. Indonesia Similarly, specific articles detailing 2025 EV price cuts in Indonesia were not included in the search results. However, it is noted that local brands are expected to follow suit with competitive pricing strategies as part of government initiatives to promote electric vehicle adoption. These sources reflect ongoing trends in the EV market across these countries as manufacturers respond to competitive pressures and changing consumer demands through significant price reductions.

For what it is worth. Will this awaits us in 2025? I've asked AI search this question: "latest 2025 data on ev factory utilisation china per brand like byd, geely, saic, changan, chery, xpeng, nio" Answer The latest data regarding electric vehicle (EV) factory utilization in China for major brands like BYD, Geely, SAIC, Changan, Chery, XPeng, and Nio indicates significant challenges due to overcapacity. Here are the key insights based on the available sources: Current Factory Utilization Rates Overall Utilization: As of late 2024, China's EV plants are operating at an average capacity of around 65%. This is below the break-even point of 80%, which raises concerns about sustainability and profitability for many manufacturers . Brand-Specific Insights: BYD: As the largest EV manufacturer in China, BYD is expected to maintain a higher utilization rate compared to its competitors due to strong sales performance. Nio: Despite improvements in profitability, Nio continues to struggle with sales volumes and may not achieve optimal utilization rates. XPeng: Expected to sell over 400,000 vehicles in 2025, XPeng's factory utilization will depend on its ability to meet these sales targets amid stiff competition. SAIC and Geely: These established manufacturers are also facing challenges with overcapacity but may have better resilience due to their diversified portfolios. Emerging Brands: Many smaller or newer EV manufacturers are expected to face significant challenges, with predictions that around one-third of them may go bankrupt due to the ongoing price war and market saturation . Market Dynamics Production Capacity vs. Demand: China's production capacity for new energy vehicles is projected to reach over 36 million vehicles annually by 2025, while domestic demand is expected to be around 12 million units. This creates a substantial surplus that could lead to aggressive pricing strategies among manufacturers trying to offload excess inventory . Impact of Subsidy Expiry: The expiration of government subsidies for EV purchases could further exacerbate the situation, leading to increased price cuts and potentially more bankruptcies among manufacturers unable to compete effectively . Conclusion The EV market in China is facing a critical juncture as it approaches 2025. With average factory utilization rates hovering around 65%, many brands will need to adapt quickly to avoid financial distress amid increasing competition and potential market contractions. The situation presents both challenges and opportunities as the industry navigates overcapacity issues and evolving consumer preferences. "give me your sources" Answer Here are some sources that provide detailed analysis on the electric vehicle (EV) factory utilization in China, particularly focusing on major brands like BYD, Geely, SAIC, Changan, Chery, XPeng, and Nio as of 2025: Bangkok Post: This article discusses the significant production milestones in China's EV sector, noting concerns about overcapacity and the impact on various manufacturers. It highlights that the overall manufacturing capacity is around 40 million vehicles annually, with sales around 22 million units, raising fears of excess capacity in the market 1. https://www.bangkokpost.com/business/motoring/2902652/chinas-ev-sector-reaches-10-million-production-milestone-overcapacity-fears-deepen Nikkei Asia: This source reports that factory utilization for new energy vehicles (including EVs) in China is currently around 50%, significantly below the break-even point of 80%. It also mentions that several emerging EV makers have gone bankrupt due to this overcapacity issue 3. https://kr-asia.com/chinas-ev-overcapacity-spurs-global-fears-of-more-price-cuts The Diplomat: This analysis emphasizes that overcapacity in China's EV industry is almost inevitable due to local government support for struggling manufacturers. It discusses how many local governments have invested heavily in EV factories, contributing to the oversupply situation 4. https://thediplomat.com/2024/08/chinas-ev-overcapacity-is-inevitable/ Reuters: This report indicates that China's auto exports, particularly EV exports, are expected to stall in 2025 due to tariff barriers imposed by the EU and reduced shipments to Russia. This stagnation could exacerbate the overcapacity issue as manufacturers seek alternative markets for their surplus production 7. https://www.reuters.com/business/autos-transportation/chinas-car-sales-extend-gains-dec-2025-01-09/ Fastmarkets: This outlook discusses how increasing production in China will shape the global EV market while highlighting challenges such as high upfront costs and charging infrastructure availability. It notes that around 17 million passenger EVs are expected to be sold in 2024, with a significant portion coming from China 5. https://www.fastmarkets.com/insights/policy-changes-global-ev-market-china-ahead-2025/

HUDs are sofar absent in Xpengs, also this one.

In 2024 there is hardly any competition in EV models sold of Accord/Camry sized sedans: BYD Seal 5,156 units TESLA Model 3 3,238 units Deepal L07 743 cars I really hope that the rumors are true that XPeng Mona M03 will come to Thailand in 2025 to shake up this segment. Given the 50% uptick of the Thai Xpeng G6 compared to its price in China, the 420 km range M03 would be priced between 900k to 1M baht, just below the Seal Dynamic. Of course BYD will undercut this price, if it arrives in Thailand. BTW the dimensions of the Mona is similar to Camry, and not to Corolla.

Nice EVs if you live in a city, however not comparable to the Dolphin sized cars. If I look at the uptick, Wuling's uptick from Chinese to Thai prices is like AION around 20%, likely due to absence of import duties if they are made in Thailand. Insurance will likely be lower as well than an imported CBU.

Will these 2025 newcomers challenge the BYD Dolphin in Thailand? Dolphin was in 2024 the best selling EV, also in the 600k baht price range, leaving MG4, Neta V, ORA Good cat and Wuling well behind. The Thai online media is expecting 2 newcomers will come to Thailand. Will they challenge the Dolphin? AION UT A Mazda 3 sized car, bigger than the Dolphin. Is just launched this month in China. Prices in China are between 12,300 - 15,000 USD. If I take a 20% uptick that the Thai AION V has compared to the top China model, top model of the UT is expected to be priced 612k baht. This is the only chinese video [no English subtitles] I found that gives an impression of the cabin space. Wuling Cloud EV This car has an exceptionally big cabin and boot space, bigger than the AION UT. Thai online media says it will be shown at the Bangkok Motor show. In China it is sold as Baojun Yunduo. The price in China is similar to the AION UT. However in Indonesia the price is ridiculously high [ 850k baht]. As there is a Wuling factory in Thailand, perhaps prices in Thailand will be much lower.

An appeal to everyone, can we keep this thread to the OP, whether tax residents need to declare a tax return if remitted income sent is above the official threshold of 120k baht, irrespective whether they are assessable or not. At rd.go.th there are no calls to file tax returns or 2024 forms in English yet. In Thai there is a call to file tax returns: https://www.rd.go.th/fileadmin/user_upload/news/2568thai/news8_2568.pdf and the tax return forms have been published: https://www.rd.go.th/65971.html. As far as I have read the google translated pnd 90/91 and its attachment forms, there is still no mentioning of non assessable or tax exempted income e.g. savings/income prior 2024, dta exemptions. The exemptions mentioned in the 2024 forms are still scoped within the TEDA allowances of assessable income as described in https://rd.go.th/english/6045.html. So I'll wait and see for newer announcements of TRD to prove otherwise, before I'll commit to declare my non assessable income.

I've checked the 2024 PND90 and related exemption attachment forms https://rd.go.th/65971.html. As far as I can see the exemptions have not been extended into DTA exemptions et al and are still in the scope of allowances as described in https://rd.go.th/english/6045.html.

I am aware of the limitations. I have 2 options, a 600k EV as a second car [MG4 D, Wuling Cloud EV?] or go for an EV only long range car. Eg a 500km range BYD Seal Premium that was heavily discounted last Dec at the Motor Expo.

This is from a quotation I got from a Thai tax advisor. It gives an idea things he need to do to declare exempted income. He's talking about additional docs/forms to prepare exemption claims.

I just talked to a tax advisor from my home country, who has been living in Thailand for many years. He said that there is nothing on rd.go.th that says that not assessable income need not to be declared. He also agreed that the current 2023 forms do not make clear how to declare it. He advised me just to visit the local RD and present the issue. This is what @The Cyclist did.

The 2024 PND91 form has not yet been published online. Did you get a 2024 form? Can you do us a favor and make a scan of this form with your income hidden of course? I try to figure out your box numbers based on the 2023 form: https://www.rd.go.th/fileadmin/download/english_form/080463PIT91.pdf Is this the form the TRD lady filled in for you?

This is what I call a phishing reply from Carl. With regards to assessability of the income examples he mentioned between brackets he is correct though.

this is what the TRD boss posted on the Thai section of the RD website:

Yeah done that calling the English call center and even got hold of the central dept in Bangkok. Promised to get back to answer my email questions, but no way. There is even a Revenue Code in English: https://rd.go.th/english/6045.html. At the end of the page there is nothing more to add: Last updated: 19.10.2017

https://autolifethailand-tv.translate.goog/official-price-mg4-electric-d-jan2025/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=nl&_x_tr_pto=wapp Wow, what a bargain for a car that drives well! The MG 4 D for 599k baht. You can order any color now. Fast charging is as fast/slow as Atto 3. For the price can't complain about the boot space, the spartan interior, speakers and infotainment system. Does anyone own the 49/51 kwh model? How is the experience on long road trips like Bangkok to Chiang Mai? I'll check if my local MG dealer wants to rent this car for a few days and see how convenient road tripping is.