We already do, more than Thais because the government collects the bulk of its revenue from VAT, duties on imported goods and alcohol taxes. Foreigners spend more in all of those categories.
If there is a new paradigm, US citizens actually have an advantage since they can’t lose US tax residency. As long as they file every year, there’s no problem from Uncle Sam’s perspective.
On the contrary, since the new tax policy was brought in by the now defunct administration, I think this will be the nail in the coffin for any potential enforcement if there ever was any chance.
As with driving motorcycles on sidewalks, helmet laws, smoking laws, fire codes, prostitution, etc, enforcement is the issue. And there isn’t any. So rest easy.
You haven’t notice that Thais never seem to have change? This is completely reasonable solution to a real problem. Surely you’ve seen “farangs” try to pay for the 10 baht bus ride with a 1000 baht note? Which is better, that, or what I am doing?
I take money out in 400 baht increments to ensure I only get 100 baht notes. This to avoid the problem of Thais not having change.
For large purchases I use scanpay, a credit card or take out the precise amount of cash in larger notes.
Can confirm BBL account holders are charged 10 baht to use KBANK, so it’s reciprocal.
Too bad, I will have to revise my method where take out funds in 400 baht increments or stick to BBL ATMs again.
I make about a hundred withdrawals per month using cardless withdrawal, so the number of ATMs available for this is the most important feature of a bank for me. That Bangkok Bank and Kasikorn Bank account holders can now both use the same ATMs for this effectively doubles the number ATMs for each bank. So it’s between those two.
I have an account with Bangkok Bank and I am satisfied with them, except for the inability to pay provincial electricity authority (PEA) bills from the app. I haven’t had a KBANK account for many years, but they seem very popular and can pay PEA bills.
So I’m going to say KBANK.
I am visiting Vietnam and there are many recent former Thailand expats here. There are many nomads and retirees and nobody is concerned about any tax laws.
Okay, so in a year when nothing like that has happened will this topic finally be put to bed or will there will be some new enforcement prediction to replace it?
People have a distorted perception of the TRDs capabilities and interest in their affairs. Not that I have any special knowledge about TRD, but I just find claims about the TRD knowing everyone’s global financial information and having the manpower and interest in going after retirees with meager pensions for not filing a form, to be unrealistic.
If immigration starts requiring a tax return next year I will eat my shoes.
But when nothing happens on January 1st, then everyone will say “oh just wait until the end of March.” then nothing will happen then. then they will say “end of the year.” nothing will happen then either.
Sorry from the question that it was not clear; I meant without an agent. I want to know if the banks consider the DTV as acceptable as a one year NON-OA, for example.
Do you mean the cash in your brokerage account? They have money market funds available, just buy them. If you want a traditional interest bearing savings account then open one. But the money in your brokerage account is there for trading, not to just sit there.