Thaindrew

ATM withdrawals are reported as part of CRS to the country where you declare residency

step 2 .. oh no step 2 as no immigration officials left working

then they charge you 2000 too add a bag though

HSBC in Hong Kong is relatively easy to open an account with an no minimum balance. they also have a multi currency debit card meaning you can also hold THB and spend it directly in Thailand with the debit card without fees and with a small rebate.

I also recommend

well the statement was made in Australia where there is freedom of speech and not the same defamation law, they going to sue in Australia or is it all hot air?

and to add to that the lack of enforcement re wearing helmets, a while back in Phuket the police did start cracking down re helmets on a regular basis, and it was noticeable that Thais and foreigners alike started to wear them (better than the fine), then of course the police stopped the check points and went back to sitting in the police stations, and slowly everyone stopped wearing helmets .. and now everyone can drive passed a policeman, without a helmet, and not get stopped.

as always, lots of talk, no enforcement

doctors also need more education, I suspected I had dengue lat year and went to the local clinic to be told by the doctor I had a virus and to take this bag of pills. Luckily I insisted on a blood test - he called me the next day to say you have dengue, go straight to the hospital and throw away those pills I sold you

they did though issue licenses to these shops which employed no medical personal knowing full well that the shops would not be operating as "medical only".

they are really really good at graphics and measuring the problems, doing something about it? not so much

catch 22 though, 65000 a month for a retirement visa (without an agent) so they could argue that is the minimum remittance you could "live on" and hence be taxed on, if you claim you are living on less their first question would be "how did you get this visa then?"

Malta looks like a nice option, non EU citizens can live for 3 years tax free on a nomad visa - maybe something good has come from Brexit

they can if it hasn't already been taxed, or if its been taxed at a lower rate than would be applicable in Thailand, indeed if you live here over 180 days they have first dibs on your tax and its up to you to reclaim / offset from your home country if you have also paid there

I guess the work around re property is that money will be remitted to a lawyer or registered estate agent, so not in your name.

Big reduction in property values if “tax” is charged on money imported to pay for it. lots of potential impacts

That is precisely the loophole they plan to close (they are now calling it a loophole wheras before it was an exception) That is my situation have a company in HK so earn a salary there which is untaxed, living pretty much full time in Thailand on an “elite” visa. Tax on transfers to Thailand maybe is fair enough, tax on global income and I would limit my time here to 180 days. It’s not ideal when people have purchased property here and then have to change their plans due to a simple reinterpretation

problem is they will clarify on the 31st December 2023 (if not later) then there is no time for planning ... other than keeping below the 180 days in Thailand

shorting the Baht maybe ....

I'd assume a Royal Decree over-rules Por 161/2566 item number 2, but as always a big lack of clarity - talking to official LTR agents today they still believe its tax exempt but nothing is certain at this stage.

can I contribute to a couple of submarines and putting a Thai on the moon ?

clarity is the enemy of backhanders ....

big difference between resident and tax resident, you can be a tax resident without being a resident unfortunately

it doesn't affect you if you here less than 180 days, if over 180 days it could affect you depending on how / if they implement it

don't use a Thai address on your overseas account