Thaindrew

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

the implication is that we would be obligated to do a year end tax return if "tax resident", so earliest tax would have to be paid would be march 2025 for a 2024 declaration - so they won't be deducting money as its sent in but tax applied based on the tax return. The downsides of this are that they may not believe the tax return and apply "penalties" and damn it gives them more time to put a system in place as it doesn't need to be all in place on Jan 1.

this is where it will get interesting / complicated as in many instances that 65000 is not coming in as visa applications are submitted via agents who "deposit" 800,000.

I can see that their is tax exemptions for the LTR Visas (thats by Royal decree 743), I am yet to prove Thailand Elite Visas share the same benefit, so far they haven't managed to give me a Yes / No answer to that simple question.

well not in his campaign and he wasn't even on the ballet, only in Thailand

did the landlord pat tax or VAT on it .... the implications are never ending

about a zillion based on TAT's calculations I think, but less than a zillion departing

for a while its going to be the case that we will bring the minimum amount of money into Thailand as possible to live to minimise tax exposure based on the statement "the portion of income from foreign sources that is brought into Thailand". Over time how RD apply the rules will become more known in terms of offsets / allowances, how they deal with inbound funds for property purposes etc. At least, at this stage, they aren't proposing to tax all global income, otherwise there may way be an exodus

RETIREES AGED 50 YEARS AND OLDER WHO HAVE AN ANNUAL PENSION OR STABLE PASSIVE INCOME you have to be retired for the wealthy pensioner LTR and thats the only one you can do $40K plus $250K Global citizen need the $500K invested Work from Thailand LTR need to work for a company with turnover of $150M over 3 years thats limiting factor to many