Tom H

Happy “Onemorefarang” made his comment again.

Jamie Oliver success in Thailand part 2? Pizza 800 Baht ?

Money laundering question online on Asean now with link to your email and IP adress and therefore they know you if they want:). ????

Sure as it is mostly the case with over 14 parties. Doesnt change the fact that Pita is more a selfi guy than a politician. His time will come when his generation is less mobile fixed:).

Well than he should have sold his shares before and not after an election. Stupid little mistake or bad advisors? At the end own failure.

So far his strategy failed totally.

It does matter as you see who runs the country now.????

Well then look at the picture:). Politically he has/had no good advisors no real strategy no experience no understanding in existing laws (selling his shares before an election and not after) but he is charismatic, right. Pictures on social networks are not enough by now. Maybe later when your generation has grown up.

The Tax issue relates to the Thais in first line:). Not only farangs.

I thought they buy from Russia cheap oil? Maybe it has something do do with a tax paper?

The fall of the Baht has begun. The all time Gold high in Thailand proves it whereby the Gold price all time high in USD is over 100 USD away:). Got it? Once the US exchange rate is by 42 your tax for 1 M Baht with 20% is equall. Amazing how such a paper from the Financial Department damages a whole country. Any experts visible?

Selfi poster boy

A friend checked all countries very pedantic. He decided to leave Thailand in 2021 and moved on to Equador (Covid times!). He took his Thai girl friend with him! Political unrest sometimes there, but no immigration issues etc. He wanted to live without any paper problems at the age of 75, receiving 2k USD each month. He said the cherries he loves so much wont cost 1,400 Baht for a small tricky box at malls, he pays 50 Baht for double:). Anyways. I ll stay in Thailand and will transfer some money in 2023 to avoid tax in case they will tax my transfers…A five year approach is considered. Waiting for exact details on new situation. And the further future in worst case? I ll pay over foreign Baht bank account abroad my bigger bills in Thailand:). I even can use ATM. Many options visible on the horizon. Even cash can fly in:). 19,999 USD :). Finally: Once the exchange course for USD hit 42 and you take 1M Baht as a basis per year the exchange profit since government is in place (33?) equals the tax of lets say <20%.???? Just rough calculated. The Baht will have an issue and it starts now.

At Chaengwathana in Bkk I always go to the banks in the basement on the same day. Before I collect my number. Some years ago they wanted it on the same day I remember.

I didnt ask for pension???? but understood your point. Some people like me dont get a pension. Details in reading and in life????

Another guy who cant overview the whole picture. ASSETS on your account you have earned in your life. Retention obligation ends after 10y in many counties!

Well, if you have a Thai account abroad you even can use this money over ATM:) I know many banks with Thai accounts. Wise i.e.

When does the exchange rate profit since the government is in place equalise the tax? Lets say 1 M Baht per year? Just in rough a quick calculation: USD/THB 33,0: 30,000 USD Tax 20%?: 6,000 USD lost USD/THB 41,x: 24,000 USD (for 1M B) Right now we have an exchange rate of nearly 36. 5 to go???? Done.

Thai Baht will end up in a desaster. All currencies surges already! Gold all time high in Thailand! Less FDI in Thailand Less money from less retirees for the economy (its not the “little”tax; its the whole pension missing for Thailand) Less Expats Less income for Thailand because of devaluation Thai Baht Imports more expensive Less money transfers into Thai Banks (risky) But: Exports will rise:) and the 10,000 Baht gimick hand out might be financed. Key question is: How do you prove your money abroad has been taxed 11 years ago when you dont have any paper:). and What happen with the buffallo sick/washing machine broken transfers to the missus account? Positive: This youtubers/digital nomads must pay also:) and they hopefully move to Cambodia.

61 countries have Tax Treaties with Thailand wehich (1) protect against double taxation and (2) in many cases explicitly exempt pensions and the like from being taxed by Thailand. Fact! Therfore: Dont worry now and wait until further notice:).

No issues for non tax residence people. They want to get money from the rich Thais in first instance who work abroad and live in T. Double tax agreements ensures your money in terms of one time being taxed. Wait and see details as Tim said. He is quite reasonable in his news!

No you are not, thats why you wont pay. Only tax residents like i.e. Tim Newton from TNT who works in Thailand and might transfer some funds from Australia to T.???? to finance his hotel:). If you invest in a Condo and you are a tax resident … I guess the lobby from Sansiri will have a word with the new Finance Minister????

“Also exempt will be those who have been taxed in a foreign country that has a standing Double Tax Agreement with Thailand.” Just understand this sentence and dont fall in a panic mode.

Then I pay from my Wise bank account abroad in Thai currency with the credit card all bills:). Savings in Thailand ? 800k on saving account they can tax and they do already. Youtubers might get a problem with their “work” in Thailand. Transfer of funds? Will be reduced same as FDI Option: Vietnam I dont care Why? I am not a tax resident so as many others are also not

With no free trade treaty like Vietnam/EU and this shareholder limited ownership… I think the increase might be related with the escape producing in China? Thailand can win.