NoDisplayName

I don't know what to speculate.

....and apparently the new law says...... As stated previously, we don't know nuttin' yet. How will this be implemented? If wealth abroad brought into Thailand, whether earned income or savings, will factor into personal income tax, how will the authorities handle this? They certainly won't wait until the following year to get their cut, knowing the funds are liable to be sent out of Thailand just as easily. If it's too cumbersome (for them) to make the determination for each incoming deposit (over a set minimum I suppose), then better to tax everything and let the poor plebes deal with getting the overtax back next year.

In some cases, they already do. Your Thai broker credits your account for dividends, after deducting tax. Your Thai bank credits your account for that splendifourous 0.5% interest, then deducts 15% tax. "Only the shadow knows what evil lurks in the hearts of men."

This is from the original announcement It seems, from the article at least, that any money that "comes in" to Thailand will/may be considered as "in-come." At this point, don't nobody know nuttin'. Hope for the bestest, plan for the worstest.

For the same reason Americans (and I suppose anyone with tax residence in the good old USA) have to claim foreign income on their American taxes, whether or not they brought said funds into the USA. Thailand is following the US example, claiming sovereignty over all global income.

It all comes down to implementation. It would be easy for the government to decree a 15% withholding on all incoming foreign deposits be collected by banks. At the end of the tax year, it will permitted to apply for reimbursement. But then what sort of documentation will be required to "prove" the imported funds were previously taxed?

Hooooray! Another $trillion in debt, AND more money for nazi ethnic cleansing! What's not to like?

Try here... https://www.gt-rider.com/

Yes, sure, but the table is in rank order. A reporter should be able to count... https://www.timeshighereducation.com/world-university-rankings/2024/world-ranking Or, I dunno............maybe ask the school what their rating was.

Thanks for that.............? But would it have been too much trouble for a reporter to report the reported change? According to the article, this university could possibly have jumped from a 1000 ranking to a number 601 ranking. Or could have barely managed to squeak from number 801 to number 800.

Bingo. When we (she) bought the house, the water pump would cycle 2-3 times every 45 seconds. turns out there was a pinhole leak in a section of flexible plastic toilet tank hose on the outside of the house someone had used to replace a section of blue pipe. Don't ask about the electric!

Before you start cutting pipes............you're renting?

Which stamps did they say were wrong? Were the stamps wrong?

That's an awful lot of words to simply say "another one."

BMW smartcars! Now with satellite link to locate pesky foreigners!

You signed a contract for one year. You stayed one year. What happens at the end of the contract? I think normally the contract coverts to a month-month basis, so you never signed for a second year. You "should" now be on a monthly rental plan, required to give 30 days advance notice of leaving. I could be wrong, though......

I apologize. I won't do it again. I assumed everyone was familiar with Casablanca, and would understand the reference to corrupt officials and illegal gambling. In future, I'll stick to 1000 words. Again, I apologize. It won't happen again. I'm sorry.

Why are the boats even allowed to drive up onto the beach? What's wrong with a pier?

Wait, what? You asked what happens if a house owner has a heart attack and dies during an ongoing building project. Where does that equate to "taking the money and running"? IF you didn't sign a contract, then good lucky. IF there is no contract, your legal recourse is limited.

You signed a contract. The estate pays.

Make a year of 65K deposits or pay an agent for one extension. I don't know the specifics of combining income and bank deposit. Is it possible to take out the 400K two months after extension and begin monthly transfers then? Maybe ask the nice folks at immigration what your options are for moving from 800K in the bank to monthly transfers.

There are online banks with FDIC protection offering 5%. High yield ETF's will get you 7%.

Sure, you could take out your 800K, pay the fee to convert to pounds, pay the fee to send it back to the UK. You'll earn a bit more interest. You can withdraw 65K equivalent each month, pay a fee to convert to baht, pay a monthly fee to send it back to Thailand. You can pay whatever tax on interest earned in the UK. In the end, it'll probably be a wash, but with the added benefit of worrying all year that the changes in Thai tax law means you might maybe be taxed on all incoming funds. And when one or more of your monthly transfers aren't registered as FTT, then you get to attempt to prove foreign source, or pay an agent 20K.

The hotel worker contacts her on line......via her phone. ****knock knock**** "Nobody here!"

Not unexpected. What a joke.