J Branche

If criminals are not aware Thailand had become pretty good at finding someone when they want to.  This is Not the same Thailand from years ago.  

I have heard that the seized assets are split so maybe the money is a Big motivating them plus the investment in Technology 

Guess it is time to pool money for lawyers and lobbyists.  Zero chance this will happen without Catastrophic consequences.  Everyone is Everyone and High Net Worth Individuals, Companies and other will fight hard to make sure this does Not happen.  

I'm sure next week it will be a big misunderstanding.

No time to read previous posts.

Anyone who believes these off cuff comments has a distorted perspective.  We all have varied skill sets.  There are some extremely smart people who may have never used a drill but achieved great success.  Learn not to give a F and enjoy your life 

So if renting land require 

To view Chanote, view and confirm Identification name matches.  Possibly go to Land Office and verify no loans/debt.

Sounds like land lease so have a competent lawyer or real estate agent review the documents.  Sign documents with witnesses.  Definitely go and visit land, never know when someone may just build, dump tons of trash, or claim ownership of land.

It is Easy to hire a Slick Advertising company to put together a Promotion Video showing interests the

city wants to promote and market it to foreigners.

ALL the whining Negativity from the people on Aseannow will NOT slow tourism into Pattaya/Jomtien.

If it is Such a problem to You what happened when You went to City Hall and spoke with a City Official?

Chinese, Indians, Russia, Europeans, and others ALL visit, some buy Condos, some setup businesses in Pattaya/Jomtien.

The tourist who are coming to drink, looking for a friend for short or long time are usually visiting a certain area of Pattaya/Jomtien.

Families with kids visit another area. We all seem to coexist in Harmony.

It is up to the Tourist NOT US if, when, and where they Go and what Activities they enjoy.

In a Popular Mostly Thai Pattaya Bar/Resturant I can confirm 

The Employee is made to pay an unpaid bill the customer does not pay.

Girlfriends son was working for only 10 days and went to get some food for another table

he said it took only about 3 minutes.  Only about 400 baht but that is what he earned for working in one night.

This Same Popular Bar/Resturant All the employees were scheduled to work this week.

Manager notified All employees Monday when scheduled to Work, they will be Renovating the place and they are Closed for 5 days.

Unfortunately it seems some Thai Businesses should improve on How they view and treat their employees.

The employees are a key part of the success of your business and there is little benefit in treating them poorly.

Double Post, Please Delete only this post

38 minutes ago, redwood1 said:

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.....

 

 

 

Misinformation, Please provide Any information to support Thais will Not pay Foreign Sourced Income Tax.

Reference

https://rd.go.th/21/page-1/

Thai Revenue Department Official website

Many Documents ONLY in Thai Language about Taxes, Foreign Sourced Assessable Income Tax

31 minutes ago, AllanA said:

I think a lot of the retirees will end up moving to another country now and most likely Cambodia or Vietnam as they won’t be able to afford being taxed in Thailand plus anyone thinking of Thailand as a place to retire now would seriously be thinking of a new destination. All this is definitely going to hurt places like Hua Hin, Pattaya, Chang Mai and outer Phuket where a lot of retirees currently live. 

Why?  Provide references for your statement.

US Tax Agreement PDF page 23 pensions and social security may only be taxed by USA.  

All tax residents are allowed similar Thai Revenue Tax deductions and Exemptions.  

So These people Will spend all the time to pack up and move But not 1 hour to read, understand or consult with a professional?

Develop your strategy.  Use Every Legal deduction, Exemption, law and order that any reasonable and capable person would use.  Start NOW, keeping proof, documentation, of the Source of this Assessable Foreign Sourced Income if it will be Remitted into Thailand.

Maybe these people need pictures to better understand Google Thailand Revenue Department.  Taxes Foreigners_Pay_2024.pdf

Relax and go back to Enjoy this Great Country of Thailand 

8 minutes ago, lordgrinz said:

 

How would you verify any information in the statement, or that it is even a real statement? The US Embassy won't do it, and I doubt anyone in Thailand will accept a foreign issued bank statement. Like I said, they need to clarify a lot of things soon!

My opinion send the documents to Notary for the state your bank branch resides. Do an online meeting and identity verification.  Have them verify the documents.

The official digital statement, a web print out from the online account may be necessary.  The contact information for your local bank branch.  Present all documents to requesting Thai Authorized Agency.  Inform them US Banks operate differently and if further verification is Required the contact info and hours of operation of your bank are on the document.   

Please do Not be Rude, or Angry with these Thai Representatives We Are All learning how Foreigners Paying Taxes process is going to work.

Remember Thai's place living in Harmony highly.

9 minutes ago, saintdomingo said:

Mike I am expecting to transfer in approx, 600,000 baht to pay for hospital treatment (my status is extension of permission to stay based on non-O Retirement) any likelihood they would give tax relief on this.

Yes I know, my fault for not having it here in the first place.

Do you have documentation to Prove this is Foreign Income that was Earned and Assessable prior to January 1, 2024?

Verify with Attorney or Thai Tax Professional but 

https://www.rd.go.th/21/page-2.html click on 21 November 2023

And 

Google.    thai revenue department FOREIGNERS_PAY_TAX2024.pdf

Are from the Thai Revenue Department website and current and published "Official"

1 hour ago, Presnock said:

As a matter of fact based on forum members' reports (yeah how reliable is that?) even the local RD folks have not been briefed on ANYTHING at all about this and the possible ramifications of such activity so since the 180 day residency is quickly approaching, it would seem rather necessary for something official should be aired for those possibly affected as many not to be affected may leave early before any possible effect other than to have Thailand lose monies instead of gaining any.  Just saying...

Stop confusing people and spreading misinformation.

The information has been available since September 2023,

Thai Revenue Department is the Official Tax Authority in Thailand   rd.go.th
Go here https://www.rd.go.th/21/page-2.html click on 21 November 2023 document also know as Order P. 162/2023  signed by the Director General of the Thai Revenue Department (This document was posted in Thai Only)  Google Translate will translate PDF to many different languages 

Additional Reference 

Google. thai revenue department FOREIGNERS_PAY_TAX2024.pdf

US Tax Treaty Reference 

PDF Page 23

US Tax Agreement PDF Page 23

ARTICLE 20

Pensions and Social Security Payments

 1. Subject to the provisions of paragraph 2 of Article 21 (Government Service), pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State.

 2. Notwithstanding the provisions of paragraph 1, social security benefits and other similar public pensions paid by a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State.

If THIS information from Official sources is Not Accurate, Please share the email from the Thai Revenue Department stating otherwise.

6 PAGES Of Random Useless Chatter

Thai Revenue Department is the Official Tax Authority in Thailand rd.go.th

Go here https://www.rd.go.th/21/page-2.html click on 21 November 2023 document titled

"Questions - Answers about paying personal income tax according to Section 41, paragraph two, of the Revenue Code"

"The provisions of paragraph one shall not apply to assessable income arising before the date 1 January 2024"

Also known as Order P.162 /2023 signed by Director General of the Revenue Department

Supporting documentation in English,

Google. thai revenue department FOREIGNERS_PAY_TAX2024.pdf

Dual Tax Agreements and Treaties 

The US and other Tax Agreements are Still Enforce and should be complied with.

US Tax Agreement PDF Page 23

ARTICLE 20

Pensions and Social Security Payments

 1. Subject to the provisions of paragraph 2 of Article 21 (Government Service), pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State.

 2. Notwithstanding the provisions of paragraph 1, social security benefits and other similar public pensions paid by a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State.

If THIS information from Official sources is Not Accurate, Please share the email from the Thai Revenue Department stating otherwise.

Took me 20 minutes to find this information on Official Websites.

Tax Agreements are still Enforced.

Thai Revenue Department is the Official Tax Authority in THAILAND

3 hours ago, Kinok Farang said:

If this is successful perhaps we could find a way to get rid of the rest of them.

Yes, and put you on the Next Plane Back to your country.

Your lack of knowledge, understanding and compassion Are Not Acceptable in Thailand, Please do us all a favor and Leave.

Thai Landlord demonstrated some of the qualities the rest of Us who live in Harmony in Thailand support and Love.

From my Research CPTL (Compulsory Third Party Loss) is Required by law on Every vehicle registered in Thailand.  Beware this provides low limit insurance for Bodily Injury, Death.  No coverage for Property or Vehicle Damage unless that has been Added to that vehicles insurance.

The Loss Damage Waiver Insurance is very common.   This protects against property damage, and Theft.  As of this writing according to Budget and Sixt website they include LDW insurance in the rental price.

Not Enough information provided.

Some Foreign Credit Cards provide Rental Insurance for Free

If you purchase some Comprehensive Travel Insurance it may include Rental Car Insurance.  (Check policy)

You need to take Excellent Video of before pickup and after Rental car return to prove condition.  My experience was in Portugal were daily rate was equivalent to

$10 a day, Insurance was $5 a day.  Guy accepts return and gives me receipt. I ask if he is going to inspect car, "No, You bought Insurance which will fix any damage"

You do Not need to buy Rental insurance from Rental Company they should accept Any Thai Rental Company insurance if you found much lower rate.

This mentality/behavior will take years to change.   Thank You Thailand for at least starting the changes and listening to people/society.  

My very basic understanding is that this was more acceptable in the past. As mentioned and proven in Video some take it Way to Far.  Police = provide help/assistance act with knowledge and understanding to resolve issues fairly.

A motionless person is not a Threat or Danger to Anyone.  Hope media will report on this case from courts until verdict.

We can All do better to help less experienced and knowledgeable people to understand and resolve issues without Physical Conflict.

I would first advise to create an expense list to understand what and total spent per month, track for at least 6 months.  Next review all income after taxes.  

Are you spending more than you earn?

Do you have excess money that can be better invested?  Find the best, high quality, most consistent performing ETFs, step into them if the current market is trending up.  Step= invest 20% or similar amount and add more when the Investment is providing positive returns.   A lot of great investment resources but only rely on high quality info and resources NOT someone on YouTube 

18 hours ago, zzzzz said:

cheaper in Cambodia:
alcohol
Cigs
Some American cereal
American peanut butter
Refried beans ( for tex mex food)
Indian food in restaurants
CHEAP rooms
some uneatable street food  5555 

everything else.... Thailand wins

Thank You for contributing so others are better informed and aware of what to expect when visiting Cambodia.

11 hours ago, Eddie45 said:

I posted because this is my opinion on the situation. Sorry if it upsets you but not everyone is going to think the same as you. The information you posted. I would take this with a pinch of salt. It could be changed in a heart beat. 

Eddie stop spreading False Misinformation or you will be Reported.

This is an order from the Thai Revenue Department available for Anyone to review.  Eddie, If you are going to continue to live in

Thailand you must know where to find reliable, credible information.  Additionally you must know what resources are available to

help answer your questions. (Thai Revenue Department Website https://rd.go.th/landing.html (Chrome Browser ability to Translate Thai to English)

Your Citizen Country and Thailand Dual Tax Treaty if created.  Thai Expat Companies (Tax and Legal) with experience and posting videos to

assist with understanding the changes and how it will impact Foreign Source Income for 2024.

Your Citizenship Embassy additionally offers guidance and assitance on where to locate information and resources in Thailand.

Always check and verify recipients name. That little bit of time will save you hours of time and added expense to recover the money.  

Thank You for the detailed story.  I am sure it will help all of us better understand the process if this happens to someone.

The lady in Receipt of the money Clearly committed a crime.  The family was notified, the Police report created, the date and time of the withdrawal and the Receiver had no relationship, refused communications, and knows the money was Not hers.  Not a Gift

You live in Thailand.  Thai culture and customs.  They don't accept foreign credit card, No problem, pay with Cash, Bank App.

No a big deal for Thai People, 

This is what living in Harmony and Thailand is about

Also Reference Thailand Revenue Department Order

No. P.162/2023 issued 21 November 2023

“The provisions of paragraph one Section 41 shall not apply to assessable income arising before the date 1 January 2024.”

NOT TAX ADVICE, I interpret this as keep Clear, Documentation of Source (Pension, Social Security, Wages, Investment), Proof that this was assessable before 1 Janurary 2024 and the Balance showing the amount assessable Before and After 1 Jan 2024 so there will be little confusion.  No unjustified taxes.

Also reference YouTube Channel

Expat Tax Thailand  I believe he answers a lot of the common questions 

Additional Be Aware that the Same Deductions and Exemptions are allowed and applied to Foreign Sourced Income Remitted to Thailand

unless otherwise specified.  Single Person 60,000 baht deduction, actual policy cost not more than 25,000 Baht for Health/Medical Insurance Policy from THAI Business.  I have Pacific Cross or (Pacific Cross Health Insurance PCL) office Bangkok since they are licensed, registered and have office in Thailand they should qualify.  Wages receive a deduction, Check on percentage.  After all these the first 150,000 baht Remitted is 0 Zero tax.

So effectively the first 210,000 Baht is remitted 0 Zero Tax.