NoDisplayName

Shhhhh...........don't give them ideas!

Okay, I understand. China is assimilating Hong Kong into the mainland. There is still no requirement to file tax returns claiming outside income. China has not joined the exclusive global taxation club.

Hong Kong is China, so I wouldn't consider that global income. Were you required to declare and pay tax on income from outside China?

I posted before, we'll just have to wait and see. But that doesn't mean we shouldn't prepare for the worst case. I'm gonna make a plan for when I get punched in the face. Will be extending permission to stay this week, will get a single re-entry. Will spend the next two months getting things in order, doing some research. Think I'll spend a couple months in Cambodia, rent a studio in Siem Reap, explore the temples, see what it's like longer term in one location. I'll have a single re-entry. Either come back to stay, or come back to leave.

When did that start? I lived there for almost 15 years, returned last year. Never asked about income outside of China when I went to district revenue office for tax documents needed to send salary out via SWIFT,

No, not for you. But your money, shirley, is most welcome.

Lucky the Thai government has no access to or oversight of Thai banks, or they'd be able to enforce a 15% tax withholding charge on all incoming Wise transactions.

They even tax military pay overseas, with the exception of additional combat pay.

How is the victim to 'prove' that a savings account has been taxed? And can we expect that we must pay the tax, and only later will be permitted to submit a complicated application for a refund?

We're in the right place. The supermarkets carry bags of frozen bugs. I'll eat 'em, and be happy!

Okay, fine. There is no minimum time spent in Thailand required to maintain a "retirement" visa extension. I can keep my 800K in the bank, spend 181 days in other countries, and send my Wise transfers to a Cambodian bank account. Can carry my Thai spending money in my wallet on frequent visits. No, wait........why AM I going to all this trouble?

This is not just earned income or capital gains. It seems to mean any funds that "in come" to Thailand will be considered income and taxed, including from personal savings. And this would confirm it. Wise transfers from a personal savings accounts outside Thailand would then be considered taxable income. We'll see, but I suspect requiring expats to file Thai tax refund forms every year to maybe get back some of the 15% on their savings they brought in over the year may result in a good number moving elsewhere. Expats living on their savings and interest, not earning enough to pay tax in their home countries, may not find the relevant tax treaties to be relevant.

Chiang Mai municipal stadium.

Bangkok Bank can do a "balance forward" in your passbook with no transaction required. Some other banks do required a deposit or withdrawal. Your interest rate depends on the investment. High yield bond ETF's pay around 7%, buy/write ETF's around 10-12% with monthly payout. US govt I-series savings bonds were paying 9% earlier this year, now set at about 4.5%.

My two-year expired while outside Thailand, unable to return due to the covids. Upon return about a year ago, license was over 1-year expired. Chatuchak DLT allowed renewal upon taking the written test, was issued 5-year license.

Yes. Easy process. All the requirements are posted. They follow the rules.

Stop by DIY or your favorite 20-baht store.............Drain snake.

Find another agent......or better yet, do it yourself. The embassy doesn't issue the work visa, they have a separate service center that handles that. Take the MRT to Phetchaburi Station, or the canal boat to Asoke Pier. https://www.visaforchina.cn/BKK2_EN/

Probably not going to fly. You'll have to carefully maintain the 800K/400K immigration required balance in your regular passbook savings account. Go 1 baht under for an hour and you're going to have to start all over with a new visa (or use agent). And then you've got your other 800K(?) tied up in a 2.75% 2-year fixed account, when that money could be overseas earning 10%. Why?

NO. Immigration requires you have immediate access to your funds if needed. Standard fixed deposit account can be withdrawn at any time losing only the pending interest.

Where's the problem? Tourism is not zero sum. Increasing flights from country A has no effect on flights from countries B thru Z. Targeting a country with nearly a quarter of the world's population that's only a cheap 2-hour flight away (or a quick high-speed rail trip) is a bad thing?

If you don't know his situation, how would knowing the average ex-pat's financials matter? Ask your friend what he has in reserve, what he has for monthly income, and what kind of lifestyle he wants to maintain.

If you read the OP, "My Thai girlfriend wants him kick out of the house." There is no indication that the girlfriend/mother has told him to leave, only that they fight and she is unhappy with the situation. There is every indication that the girlfriend/mother wants Steven Seagull to handle it and take the consequences for her.

Ummmmm......it IS the boy's right to get into the house. He's living there with his mother. Until THE MOTHER directs him to leave, it's his home.

Things to 'member: OP isn't married to the lady, he has no authority in that household, of which bad boy IS blood-related. Nasty things can happen when grudges are held. Touching the boy may get an assault charge. Touching the boys stuff may get a theft charge. Helping mom move the boy's stuff is illegal work. The boy can report you to immigration for deportation.