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Really? Another agent also has similar information but different financials. The Thai government offers several visa options for retirees, among which the 5-Year Retirement Visa (also known as the Non-Immigrant OA Visa) stands out for its convenience and extended duration. https://www.thaiimmigration.net/5-year-retirement-visa-thailand.html

This site claims this OA visa already exists, and apparently has been in place long enough to become popular. Thailand 5-Year Retirement Visa, officially known as the O-A Visa, has become a popular choice for retirees

I don't see why this couldn't happen. After all, the law is still active, on the books that a Tax Clearance Certificate is required for any tax-resident foreigner wanting to leave the country. It's a simple policy change to reactivate enforcement of the requirement. It would be a paper drill at first, get the TCC up to 15 days prior to travel or extension of stay, but eventually would be automated by copying the Malaysian system. Viewable on the TRD website: Tax Clearance Certificate Section 4 quarter of the Revenue Code stipulates that a foreigner departing shall apply for a Tax Clearance Certificate in the form prescribed by the Director-General within 15 days before leaving the country, whether or not there is any tax payable. https://www.rd.go.th/english/23518.html

I'm property of the US government. All my income - foreign, domestic, inter-dimensional - is subject to taxation. I'm not getting away with anything, not avoiding taxes. I file every year, and follow the IRS rules. There was another thread today where Malaysia had refused to allow 39 of their citizens to leave the country to enter Thailand, many due to unpaid taxes. So, yeah, they can stop you if they want to. I'll cover my butt by filing a return online every year. Takes ten minutes or so, just another paper drill to live overseas like filing the annual FBAR. *EDIT* Here's the article in the Thaiger. Borderline chaos: Malaysian tourists banned from entering Thailand Border drama unfolded yesterday when 39 Malaysian tourists found themselves banned from entering Thailand, thanks to unresolved passport issues, outstanding tax debts, and past criminal records. https://thethaiger.com/news/national/borderline-chaos-malaysian-tourists-banned-from-entering-thailand This is what we'll be looking at eventually. 20 of the tourists were stopped due to delinquent income tax payments. Looks like all the Malaysian government departments have linked databases. They even "advise all Malaysians to verify their travel eligibility online using Immigration’s Travel Check System portal before setting off on international adventures."

By workable, I mean workable for TRD. Paying tax only on gains, without offsetting losses, sounds like an US problem. "You pay tax, you no fly home, you!"

Well, of course! The law is set up for the major shareholders who can manipulate the market - and then pocket their ill-gotten booty tax-free.

i could always go back to the US, to one of the states with no personal income tax, if necessary. Texas is affordable. Otherwise, two countries <180, plus a week or two of vacation. The Thailand house is paid for. Two years of Thai global tax would cover the purchase of a nice condo in Cambodia. But that's if they get worldwide taxation passed. I've got enough pre-2024 savings to remit and live on for at least half a century - with records to prove it. Looking forward to the audit in 2073 and getting to prove I only remitted unassessable savings.

How it that unworkable? That's how the system operates here now. We already fall under this, but up until now we've been able to 'season' the funds until the next year for remittance, or the tax officer would accept our claim (if we bothered to file) that funds brought in were savings. It could be workable by requiring a copy of home country tax return if audited. That would have all the taxing info needed. I'm not sayin' I agree with it, as I'd be hit with a $10,000 bill if worldwide taxation goes through. In that case it would be extremely workable, in other words, bug out!

Why? There is a special 0% tax rate on Thai stocks and Thai mutual funds. Nothing discriminatory, everyone follows the same rules. Thais with overseas stocks/funds now pay tax on gains without allowance for offsetting losses. I expect we'll get the same deal, capital gains being taxed as ordinary income unless capped by DTA. Tax-resident expats would have been taxed the same previously if the income was brought in same year earned.

You could understand it in Thailand, as GAINS on sales of Thai stocks/funds are not taxed.

That's a shame about your hate. President Trump loves you.

That's not how it's going to work. Bring tax returns to immigration? Too complicated. IO will ask for a Tax Clearance Certificate provided by TRD. These are available at no cost from your local office, valid for 15 days. But that's not how it's going to work. Nice little pocket money earner for the TRD office folks. Will they charge as much as immigration does for the Residence Certificates they provide at no charge? I suspect we'll all be folding in another 200-300 baht handling fee into the cost of annual extensions.

Better biscuits at Bojangles.

Possible, but not likely. Thai tax is an honor system, whereby you self-determine whether your remitted income is assessable. That's not going to change, so most of us will have to swallow this "one thin mint," file an online return, add in a trip to TRD for a TCC maximum 15 days before extension or travel. Just another senseless paperwork drill. For most. As things currently stand, MY particular situation involves 15 minutes filing an online Thai tax form. No different than filing an annual FBAR online. The potential change here for ME would be adding one more step prior to extension/travel. Add a trip to TRD for the paper, much like adding a trip to the bank for the paper. Eventually BOT will run a monthly computer program to identify questionable incoming transfer patterns. Select foreigners will be "invited" to the local TRD office for an interview. This is where your scenario could play out. It won't be at immigration, as they only want the TCC from TRD. Screeners at immigration will check for this when they approve your paperwork prior to you getting a queu ticket, same as screeners at the airport will check prior to you queuing up for a boarding pass. This is all simple and feasible. Now if global taxation becomes a thing............."better bring a bucket!"

Not likely. Just one more tiny, little, flimsy piece of paper. "It's only wafer thin."

TCC.

There are two forms of tax clearance. (P.3) One is a single exit valid for 15 days. (P.3.1) The other is multiple exit valid for 180 days for business/professionals. https://www.rd.go.th/english/23518.html It would be simple thing for IO to ask for TCC (get used to using the acronym!) when filing request for extension of stay. No different than adding other "Other evidence as required by the Immigration Officer", such as a hand-drawn map to your residence. That simply extends the visa extension shuffle by a few hours. Soon it'll be 8am bank, 11am tax office, 2pm immigration. No problem at the airports either as the law already exists. Enforcement only requires a nice officer to set up a folding table at the entrance to check passport stamps to determine TCC (you know what that is now!) requirement, and stamp the new form required when getting a boarding pass. No different than going through covid clearance when entering prior to ID check and metal detector entering immigration building at CW.

How many? Dunno. Quite a few, if not most, should be covered by DTA's, or fall below the tax threshold, or at the very least be able to show 'savings' from before Jan 2024. We'll have to see how it turns out. As to worldwide taxation........I'll be <180 or leave entirely. No way I'm going to pay Uncle Samchai $10,000 for the privilege of, well, not much.

Understood. I was pointing out that if you send from your bank to Wise, there is NO funding fee and no time delay. ACH is free.

As things currently stand, it's a great big nothingburger for most. The system still runs on self-determination of assessability of remittances, and there have been NO known instances of any TRD office denying a claim of "savings" or demanding proof. Only ones that may be affected will be those remitting pension in the year earned, if not covered by a DTA. That's unlikely to change next year, or the next. Worldwide taxation would be a whole 'nother kettle of monkeys.

Well, of course it wasn't recognized! Our guy didn't win. That makes it invalid, y'know.

You misspelled "was." Eight years of indiscriminate shelling did indeed have consequences. That region has voted to join the Russian Federation. Democracy is bad now?

No joke. Shelling the Donbass was not okay.

Well, of course I want Russia to succeed. Ethnic cleansing is bad.

Apply again and tell them you need a TIN to file a return to request refund of withheld taxes on bank interest and stock dividends.