Thaindrew

1 hour ago, wensiensheng said:

I’m not sure you are correct. Only INCOME brought in is assessable to tax. Possibly capital gains also. I see no mention of assessing capital monies that are brought in to Thailand.

 

there is also the issue of whether the person withdrawing cash from an atm is, in fact, resident in Thailand for tax purposes. No details were provided by the op on that.

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

1 hour ago, Thumbs said:

Step 1 arrest all immigration officers working in cahoots with visa agencies 

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

6 hours ago, Dolf said:

1200 baht CM to Don Muang in April. That's not expensive.

 

 

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.

8 minutes ago, worrab said:

Try Carl Turner at

 

https://www.carlturnerfinancial.com/
 

I also recommend

7 hours ago, Nordic summer said:

It was very disrespectful of this passenger to publicly voice his opinion, given that he/she/they most certainly don't have a clue as to what it takes to plan and execute such a flight in a responsible manner.

Myself having had the privilege of being a passenger of Thai Airlines, is left with a bad taste in my mouth just reading about it

 

Some(westerners) will say the airline displays an"fragile ego" by instigating this lawsuit, but please take a moment to compare the service and attention that you receive while traveling with Thai Airlines to ANY European company.

 

They work very hard to provide a pleasant experience for their passengers and I am sure they are very proud of their prowess, so it should come as no surprise that this company got upset about this passenger's outburst.

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?

23 minutes ago, ALLSEEINGEYE said:

A bit odd that they feel it necessary to report almost every article of clothing he was wearing right down to the high tops (which is completely useless info) but fail to mention the most important article missing....a HELMET!!!! 

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

2 hours ago, Ben Zioner said:

So, they won't pay any tax in Thailand anyhow, DTA or not. That's all I was trying to say.

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?" 

3 hours ago, samtam said:

 

Colombia and Thailand are very disparate countries to each other, as indeed they are to Hong Kong SAR and Singapore (in terms of tax), and yet the latter 2 have very favourable tax regimes, (as noted by the lawyer in the OP).

 

 

 

Unfortunately living in either Hong Kong or Singapore would cost you infinitely more in housing and cost of living, than any new tax in Thailand.

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

20 minutes ago, JimboB4 said:

That’s not true they can’t tax income from overseas being deposited into a bank account I’ve already verified this 

2 minutes ago, Mike Lister said:

I'm very confident that nobody is going to get taxed on imported money to buy a house, the market would collapse.

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.

57 minutes ago, Schuimpge said:

Lol, yep.. as clear as mud, since LTR tax rules are now basically void given 'Foreign Source Income' instruction No. Por 161/2566 item number 2: "All rules, regulations, orders, responses to consultations or practices that are contrary to or inconsistent with this Instruction are cancelled;"

 

So any 'wealthy citizen or retiree or work-from-Thailand' person who just invested a million baht in an LTR on the basis of zero tax now needs to pay tax on funds brought into Thailand if not under double tax agreements. 

I see some nice mess coming up. Sure will kill off the elite visa scheme.

 

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.   

5 minutes ago, freeworld said:

Its not poaching.

 

Surely everyone want to pay tax where it is due so that it can be used by those working selflessly in govt positions to make life better for all of us.

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

1 hour ago, ChasingTheSun said:

Still zero clarification about the tax treatment of people living with retirement visas or other long term non-working visas.

 

in addition, how about clarity on the treatment of bringing in pre-existing capital, not income/interest/dividends/cap gains earned outside thailand while living in thailand?

 

 

 

clarity is the enemy of backhanders ....

3 hours ago, redwood1 said:

Sir the answer is........f3f65yyt65rrgf...........Well thats about of good of a answer as your going to get right now from Thai officals....

 

Whats really funny is the one year visas all say NON-IMMIGRANT VISA............Or your not a resident of Thailand...lol    The tax boys must just hate this..

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

3 hours ago, JimboB4 said:

“On September 15th, the Revenue Department in Thailand issued a clarification stating that from the 1st of January 2024, it planned to tax foreign income on all individuals in the kingdom who have been resident in the country for over 180 days.” Ok so sounds like it actually means permanent foreign residents but double speak to scare readers? Am I right about that? That’s about the norm when reading TVF. This is only for those foreigners already paying taxes correct? If you don’t currently file income tax in Thailand this shouldn’t affect you correct? 

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

12 minutes ago, Tom H said:

Just pay with a credit card from a Thai bank account abroad. You even can get money from ATM in T. linked to a Thai account abroad:). 

Or just let the money fly in.

or, or, or.

I wont tell you all online????

don't use a Thai address on your overseas account