ChasingTheSun

Minibus not worth the hassles/time unless you are on the verge of bankruptcy.

Tax man cometh for thy destination visa peeps.

It is easy for immigration to require a tax ID for all 90 day renewals. Once they have your tax Id they will monitor your Thailand bank accounts and your tax returns or lack thereof, and flag you at your next 90 day immigration appointment if they think something is fishy with your tax filings. 🍺 🍿

They’re eating the dogs, they’re eating the cats!

Make the electric chair great again!

Dude looks like a lady. .

As long as they dont start to include worldwide taxes on those visas you would be safe.

i doubt that there will be a “changing of the guard.” Low income expat pensioners cannot replace an exodus of wealthier expats.

If the tax laws change to include a new taxation of an expats non-Thai/worldwide income, regardless of if/when it is remitted, you will indeed begin to see a very serious “mass exodus of quality expats” from all over Thailand.

35% is “fair”? what do you get for your 35% donation to Thailands coffers?

Are these guys gonna report their worldwide income in Thailand and then pay Thailand taxes on it if they stay longer than 6months in a calendar year?

The problem is that for every one that leaves, two more are coming!

Yes it is a big island and offers something for everyone. East coast property is much cheaper and far less visited for many reasons. Enjoy the east coast if thats your thing, but most people understandably prefer the great beaches and amazing sunsets on the west coast.

Can you name somewhere that got better over the last 40 years?

what are the significant changes which you feel happened since 2009?

Have lived in Phuket since 2009. Haven't seen any significant changes since then. - a few new condos and malls. - more Russians/Ukranians than before the SMO - chinese tour groups came, then disappeared, then came back - a few more indians/north africans/GCC tourists - traffic a little worse Prices to buy/rent villas and condos have generally increased, and that has probably driven-out many lower income long-term expats who just cant afford it. Still waiting for someone to tell us where it is better overall in SE Asia?? .

The DTV visa agencies will also register Tax Identification Numbers for all the new folks who will need to start paying tax on their worldwide income as tax residents of Thailand? Asking for a friend. .

Nothing to see here folks. Typical exporters cribbing when the baht is strong, but silent as they gorge on a weak baht. The baht is just slightly stronger vs USD on a ten year average.

And how will those who stay longer than 183 days in a calendar year be taxed in Thailand on their worldwide income?

Lots of countries don't tax personal worldwide income/cap gains. Singapore and HK are two prominent ones in Asia. Thailand would be in good company if they just keep the system as is. Otherwise, they will lose most of their wealthy retired expats, killing the real estate industry and a big part of the consumption they represent.

The baht is still 10% weaker vs USD from 2021. just about the average fx rate vs USD over the last ten years. its a sign that the Thai economy is relatively resilient compared to some weaker neighbors.

The thing is, there are many thousands of foreigners residing in Thailand who have far higher incomes than 95% of Thais. As such, foreigners can supply a HUGE easy new tax revenue source per capita vs Thais. It’s easy to force every foreigner to get a Thai tax ID in order to maintain their visas. Foreigners tax situation will be vetted at every 90day immigration report, or at minimal once per calendar year. Now foreigners will need to pay tax in Thailand, and they will get nothing for it. 😢

You underestimate the revenue incentive and ability of the TRD when it comes to sharing information with foreign governments. Its easier than you think. If you are mostly relying on a foreign pension to survive, and are already taxed on it overseas, then you can probably sleep well. Everyone else with foreign income and cap gains will be in for a shock when the Thai tax man cometh for them.

Imagine how good that is going to feel once you need to start paying tax in Thailand on your WORLDWIDE income in 2025.

This will be the new choice for expats if the tax changes are enacted… Pay 30% tax in Thailand: - no permanent residency, and almost impossible to get citizenship - no land ownership - pay private healthcare - pay private education - 90 day reporting with ever changing rules - blackwater rivers - hot and humid all year VS Pay 30% tax in Spain, Italy, or Portugal: - permanent residency with possibility to get citizenship - land ownership - good free public healthcare - good free public education - NO 90 day reporting or ongoing threats to deny residency - NO blackwater rivers - beautiful weather 9 months of the year