Lorry

This may be what they do in the future. It's definitely not the law right now.

It's well known that a certain demographic comes again and again to Taiwan. It's visa exempt, and (so far) immigration doesn't give you a hard time like in Korea. You can see them on the plane. Not exactly for the adventure, and not exactly for ไปเที่ยว Only requirement: must be as white as possible.

To tax these things (gifts, income pre2024) would be a blatant breach of the law, and go against all public statements of the TRD. It probably wouldn't go down well with many foreigners. It is one thing to introduce rules of taxation. It is another thing to contravene these rules and just impose taxes on foreigners arbitrarily. That doesn't mean it can't happen. There are very big countries where the government arbitrarily takes foreigners as hostages, and people still go there.

I don't doubt it. This is what tax advisers tell people who want to gift money to their Thai wife. Gift it to her in by remitting it into her foreign bank account. And why should John be forbidden to receive a gift from his mom? A friend of mine plans to remit inherited money (from his mom) (less than the threshold of 100m) - I think it's not assessable, like gifts are not assessable. Yes, he does have the paperwork, and his mom is really dead. The funds are not comingled with anything else. And john should have the necessary paperwork, too (gift contract, stating amount, time and occasion of gift)

Afaik time limit is 2 decades. PS but I really don't understand the whole idea of "savings". The time limit is the statute of limitations. 10 year old income is income. And taxed as income. Simple. TRD seems to follow this rule, too. Statute of limitations in Thailand 10 years.

That's how it's done in my home country.

I have never quite understood what all these posters talking about "savings", related to taxes, mean. You evade taxes, that makes it savings, and you are out of the woods??? Never mind. (I figure it's one of those British idiosyncracies like non-doms, imperial fluid ounces and quarter miles (sorry if I confuse things)) This whole notion doesn't exist in my home country. I am not Thai.

Thx. So it seems my idea wasn't so good (I am at CW)

I would try also not to be tax resident in the year I sell the house. This is a precaution, not necessary according to the letter of the law. It stems from the unclear formulation in TRD's Q&A. They stress several times that income from a year you were not tax resident can be remitted tax free. The answer for the opposite question (income from a year I was tax resident, remitted in a year I am not tax resident) is conspicuously absent. Discussed in extenso in the tax threads - we just don't know.

Interesting theory, and maybe it would work. But I wouldn't want to explain this to TRD. I very much suspect they would laugh at me. This sounds much better to me. A very clean solution to the question of gifting to Thai wife. TRD might still say, oh, it's really money you use once the money is in Thailand. So, just as a precaution, Thai wife could set up a separate account in Thailand where she keeps her gift, and then use the gift only for her personal expenses (paying for her own medical expenses, supporting her parents, buying land (not for your common house), paying her airline ticket or her lottery ticket...). Not for shared expenses of daily living.

If I skip a 90days report and later leave Thailand, immigration doesn't give me a fine when I leave. This far I know. What happens if I come back later and then go to immigration for my yearly retirement extension? Do they care about missing 90day-reports from before my last trip abroad?

For this reason alone, some people have 5 accounts. OTOH, some men want to have their own account that the wife doesn't know about. Many Thai husbands deliver their salary to their wife. And a smart girl will have a separate account for every sponsor, just in case.

Omg, you really don't know Thais? Every new job - and Thais change jobs often - requires an account at the bank your employer works with. Transfer fees to send your money upcountry to the parents are very high, so many have an account in Bangkok and another one in the village. For the same reason - very high fees - you want to have an account with the bank that runs the nearest working ATM - this can change. Same for branches. You might even have an account at the bank of your landlord, to avoid transfer fees. Some banks have special promotions that make it a good move to open an account with them, eg TMB once introduced free net- banking, that was a very good deal that only TMB offered. Some banks do not have a functionality you want, eg BBL can pay MEA, but not PEA - so for PEA you need another account. Accounting: you can use different accounts for different purposes. You may have an account with very little money and give the card to your child, another one for your mia noi, another one you use for savings. Etc

Most Thais have 2 or more bank accounts. Many practical reasons.

https://www.thaitravelclinic.com/blog/travel-medicine-issue/should-i-get-je-vaccine-for-traveling-in-southeast-asia-1.html Definitely worth to read it. Myself, i used not to bother until i realised all Thais get vaccinated. At the same time, I moved to a very rural area. So I got vaccinated.

As bam said. When the article says C, they also mean business class. C is often used for discounted business class.

In my home country, a woman cannot freely and safely sell her body. She has to have a pimp (from the mafia). Here, many prostitutes are self- employed. And they are not usually killed by their customers, quite common in my country. On the other side of the spectrum, Thailand has a lot more CEOs than my home- country. BTW anybody knows, how many female presidents the US has had?

So, if i understand you correctly, if a gift is under the threshold of 10m/20m, the gifter can (in your opinion) deduct the gifted amount from his taxable or assessable income? (I ask because many people seem to think so, but I have never seen it clearly stated, from any poster. I myself am very confused about this topic)

They talk about people who want/have to pay 5% gift tax because the gift is over the limit of 10m/20m.

Thx, waiting for your report. But remember, the AI of the metaverse is now so powerful to make you see blisters on real people's skin where really are none. Make sure to touch and feel if you see any blisters. That's the only proof

I have never seen anybody with these blisters, neither have my friends. All I have seen are clearly AI generated pictures on CNN and BBC. So, I am sure mpox is not real. I only believe my own eyes.

It works differently. They may just ask incoming expats (more or less visible from their history of entries) how much cash they carry. Yes, it's legal to carry it, and you don't have to report it. But if asked, you have to tell the truth. This would still require immigration to cooperate with TRD, so it won't happen so soon. And maybe they will feel it's not worth the effort (seriously, how many people would want to carry thousands of dollars in cash across South-east Asian borders? Many members here don't even pay 7-11 cash) And, of course, they can always ask you what did you live on. But the real issue is not the small money, those 400,000 or 800,000 daily expenses. Not much tax to pay on this. The real issue are the big ticket items. You don't want to finance a condo (you need the credit advice from the bank) or a car with your cash runs.

That probably includes most farangs in Thailand, certainly in Pattaya

What protocols? Afaik a written gift contract, preferably stamped by a lawyer, would suffice? So that could be a sheet of paper? (I am not talking about a gift of 20m, not relevant for most AN members. Talking about, let's say, 2m or less)

Maybe once. But you can't say this every year. PS oh, you wrote that already