4myr

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.

Finally, someone like Carl Turner of Expat Tax Thailand is very clear on who needs to file a tax return! BTW he missed one item as not assessable, income earned before 2024, but TRD Sept 2024 flyer is clear on that: https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf

I agree and stick to this interpretation - if it is not assessable income [prior savings/income before 2024, DTA exempted, investment principal or loss], there is no need to file a tax return, thus having a thai tax ID. Benjamin Hart as always in his video rants beats around the bush as other firms like Sherrings, naming phrases like "assessable", "liable to tax", "pay tax", but not define all cases when you need to file a tax return, other than the obvious ones. Sherrings: https://sherrings.com/foreign-source-income-personal-tax-thailand.html

Thanks for explaining, very helpful! I am a bit clueless in this, please help. Is there some online manual/guidance, that exempted income like prior 2024 savings or DTA exemptions need not to be declared? Is in the online form some sections where you can put notes/comments, as in the paper PND90 of 2023 there is none?

2025 will be a more crowded B SUV EV market in Thailand. We already have BYD Atto 3, Neta X, MG ZS EV, GAC AION Y Plus and Chery Omoda C5 EV. Geely EX5 Starting February 2025, early bookers at the Bangkok Motor Expo will get their first Geely EX5 delivered. Deepal S05 Autolifethailand.tv and car250.com have rumored that Changan will launch in March 2025 the Deepal S05 under 1M baht. This car will also be produced in Thailand, according to Paul Tan. Noteworthy to know, in China the S05 can charge faster than the more expensive Thai S07 and is equipped with a LFP battery instead of NCM for the Thai S07. Hopefully we get the Chinese specced S05. MG ES5 No news or rumors, except that it is expected that the bigger brother of MG4, called the MG ES5, will be globally launched in 2025 in UK, Australia and Thailand. ES5 will replace the ZS EV. MG is not popular in China. Also ES5 did not reach the launch order magnitude of Geely EX5 and Deepal S05. Like the MG4 and the S05 it is a rearwheel drive car, so more fun to drive. Please turn on subtitles with auto translation on.

Gloomy prospect for the losers of this disruptive process, i.e. 1) Japanese, European, Korean and American carmakers that cannot transition and stay competitive 2) Chinese EV startups, joint ventures and state owned carmakers who have customers worldwide, including Thailand, that will not survive. Xpeng CEO expects 7 carmakers to survive. Check these 2025 predictions 3) Thai local suppliers that are not able to transition to become an EV supplier Losers are investors, workers and consumers of those car brands, whether ICE or EVs. In 5 years time who will ever remember these brands or companies: Weltmeister, HiPhi, Fisker, Jiyue. Next year a few can be added to the list. On a country and geopolitical scale the Western axis [EU, US, Japan, Korea] can lose 5-7% of GDP of automotive industry, as China tend to monopolize whole supply chains. They already dominate solar panels [80%] and lithium batteries [80%] from the basic materials to the end product. It would not surprise me if this would happen to EVs. German suppliers and OEMs like Bosch and Volkswagen have their main EV R&D already based in China, as there is where the action is. And it will not stop at EV manufacturing only, but will move to other advanced manufacturing like commercial aircraft, AI and robotics. Loss of GDP for a country means less earnings to pay for our security, health and retirement, unless that country can transition to activities that are at least profitable than the industry that was lost. Links: https://carnewschina.com/2024/12/30/top-10-predictions-for-2025-in-the-chinese-car-market/ https://kr-asia.com/thai-automotive-sector-has-four-years-to-adjust-to-china-evs-says-major-parts-maker

Gloomy but realistic reporting by Nikkei

If I just do an AI search [perplexity.ai], I just don't see the numbers add up for TRD to expect a good catch from expats with a retirement visa. - retirement visa: 35,846 - Elite visa: 20,884 [mostly Chinese] - Smart visa: 2,170 - LTR visa: 7k [exempted] - DTV: new - B visa: no numbers, but assume they already are in the tax net Of above group, I see only the expats with a retirement visa of which a percentage are either not aware of remittance taxation or for convenience sake have their pension remitted monthly directly into their Thai bank account. Looking at the larger groups: UK: 9,940, median income: 14k GBP with big regional variations[ Wales vs London/South East], including state pension Germany: 8,000, median: 19k euro, but male average is 25k euro, including state pension US: 5,170, median: 18k USD for male, excluding social security, which is DTA exempted In many DTA's state and private pensions are taxable in Thailand. Only government pensions are exempted. But looking at median figures above, even for the male population [as the female pension income is much lower], 25k euro amounts to less than 900k baht gross taxable income .

All BYD export bestsellers are also bestsellers in Thailand, except the plug in Sealion 6 (Song Plus).

This does not surprise me at all about BYD, or maybe specifically Rever Automotive. I still cannot understand why BYD Thailand charges so much for maintenance of a BEV. Why every 40k km instead of 80k km a gear oil change? Compare this to MG, GWM ORA, Riddara with reasonable maintenance frequencies and prices.

Remember CRS responsibility's is the Financial Institution's as part of KYC, not the customer of the FI.