redwood1

Folks if this visa does not work out just wait for the next new visa they come out with in a few months....Or one of the next 4-5-6-7 new visas after that...... In the last few years they have been cranking out new visas one after another so fast the ink hardly drys on the last New Visa....

The gold chain loving ladyboys on beach road are celebrating this news...

Well your almost correct.....The tax paying Thais and farangs with a work permit who also pay taxes can pay into a National health care system.....But the payments are very cheap, some thing like 500 baht a month? So yes its more or less free.... And this is not that 30 baht heath care rubbish....This is first class top of the line heath care.... (Example) Hip, knee replacements at no cost to the insured.... And yes they should give this heath care to all the new tax paying farang.... But farangs are Thai hospitals bread and butter and farangs getting free health care would bankrupt them.... So the hospitals absolutely do not want any new farang tax payers getting one baht in free heath care... The governments new tax plan seems to leave out farangs getting any benefits whats so ever......And I do mean 100% zero benefits.....Not even a happy meal from McDonalds.....Nope.....1000% zero benefits.... Hey anyone out there who is OK with paying out their hard earned money for nothing please send me your money I will give you nothing back too....And thank you very much... This tax plan is so bad its DOA.....Its Never going to fly...

Ok...Good luck....Its not what I will risking...Ever...

Point being USA taxes will offset Thai taxes not the other way around...I doubt the IRS would take to kindly to some claimed Thai tax credit....Messing around with the IRS is not recommended.. Dont be stupid everyone should pay USA taxes in full before anyone else...

You pay your USA taxes first.....And any other taxes 2nd.....Thats the way it works...USA is always first..

I am 5.9 and about 185 lbs.... For me ordering clothing on line there seems to be 2 size scales they use. The first is M-L-XL-XXL-XXXL The second is L-XL-2XL-3XL-4XL-5XL-6XL-7XL For me from the first XXL fits pretty good.. From the second 4XL fits pretty good....

They cut down every tree they can get their hands on for endless years.....Plant a few trees with a photo op and were tree lovers....lol

Folks Pattaya construction budget is more or less unlimited.....They have no budget limits......The reason the fountain has not been fixed is they dont want it fixed... They will replace the dolphins with some awful modern art turd...

And every baht of this money will go to tourist and expats who have trouble paying their medical bills...

A tax form filed and paying taxes are 2 very different things......I bet only 70% of those 11.9 million tax returns payed any taxes and bet a whole lot less than that paid any substantial taxes.... Point being Very few Thais Rich or Poor pay any income tax in Thailand....And thats not going to change...

Yea I would say a LTR visa is a tax free ....Free lunch......For the most wealthy...

So how many news articles have you read about Thais paying a new tax?...Zero Yea thats what I thought......Me also.....I have read zero too...

Wrong... When you pay tax in your home country you get a document saying how much you have declared for tax in your home country You use that document for Thailand to avoid double tax.

Folks I thought this tax was for EVERYONE in Thailand including Thais.....Not a word has been said about a new income tax for Thais.... It was also quite kind of them to come out with the LTR visa the LTR excludes the richest expats from paying any tax..Which pores cold water on saying the income tax is needed to raise money...When the most well-off expats are excluded from paying any tax..... This half baked mess of a tax has more holes in it than Swiss cheese....Savings excluded,Gifts excluded, Treaties excluded, ATMs pretty much excluded etc etc etc The whole thing is pretty much a hopeless mess.....

This story smells....

Boy this guy has a amazing talent for getting sick at very favorable and convenient times....

Here is another monkey wrench to add to many others for the half baked zero thought out mess of a almost unenforceable tax on income ... https://www.pattayamail.com/latestnews/news/thailands-new-visa-rules-from-june-1-break-fresh-ground-461766 Thailand’s new visa rules from June 1 break fresh ground There are also implications for Thai Revenue’s policy “clarification” to tax the overseas income of tax residents – namely anyone staying in the country more than 180 days in a calendar year. Using a combination of the new 60 days rule, plus a couple of border runs, it would easily be possible for individuals to clock up more than six month residence without having any visa at all. Thus the idea that Thai Revenue can identify potential tax residents by the type of visa they have is faulty. Enforcement of the new Revenue regulations is still unclear to say the least.

I think people here have killed each other over a few hundred baht.....But I agree 20 baht is a record low amount....

Its enough for me.

Very good post....So good I wish I had written this.....lol People here need get out of the tax tunnel vision and look at the bigger picture....

They always make a big show of things at first.....After a while they will lose interest...And it will be a free for all ....

And what about Thais?....Is there a reason almost every person in these tax threads willfully ignores the subject of Thais not having payed taxes? You say Section 37 Bis Any person that intentionally fails to file tax returns could get fines and maybe jail time .....Would that not also include Thais too? This is a serious question...... Doesn't this new income tax also include Thais or is it just for retired expats who dont have a LTR visa.. I have yet to see any thing in the news educating and explaining to the Thais all their new income tax responsibilities that they will have starting in the year 2024.....

Barriers STAY?........I bet you a happy meal they are gone (or at least moved to the side) in 2 weeks or less...

Yea right big corporations have a army of lawyers who do nothing but figure out ways to NOT pay any taxes.....Even Warren Buffet about the richest guy in the world admits he pays almost no taxes....lol........ The corporations will continue to pay almost zero taxes that is a certainty... The LTR visa comes in very handy to make sure the very well to do dont have to pay any taxes ....