chiang mai

https://www.bangkokpost.com/business/2525346/banks-agree-to-comply-with-bank-of-thailand-security-measures-by-june?view_comment=1 I don't know what anyone else did but my Thai banks (BBL and UOB) insisted on the new selfie security measures way back in 2023,

No they don't chose otherwise, that's the rules Thailand wide. But the age at which companies can take on new customers changes, based on the company, 74 years appears to be the latest date but not if you're already with the company....as already said several times.

Seriously, the banks implement measures to protect you, your account and your money and some people complain. You can still go into any branch and withdraw funds to your hearts content, without limit. But you can't transfer more than 50k using the app, without invoking the security. Whatever is wrong with that?

And what about the people who complain about the complainers, complaining about complainers?

Some people will complain at any measure intended to protect them. The problem is not the banks or the security measures, the problem is that some folks just like to complain.

I think you may find they have now tweaked the rules, perhaps because of using a different underwriter. Yes, premiums flat line after about 8 years, moone did also previously.

These controls have been in place for over a year, or did I miss something here?

Did you see the response I received from Roojai on this point, they said they will continue to insure me indefinitely

It's a shame you didn't bother to read the thread because that's not the way it works. Insurance companies set their own age limit, beyond which they will not accept you as a new customer, typically this is between age 70 and 75. However, if you are already insured by a company, that insurer will continue to insure you indefinitely. Yes, I've had a Thai license for 26 years. You're welcome.

Stupid man.

Yes, if you are over 65 and if your income comprises pension income....and if your pre-2024 income really is pre 2024 savings.

Only your posts, because that's all you do, try to scare people with statements that can't be substantiated or supported.

It's fine having an opinion and yes, you are entitled to it, but any opinion needs to be supported by logic and fact and not fly in the face of current data.

+190k for being over age 65 years and +100k for remitted pensions (50%) About 500k, including zero rated band.

More scaremongering to add to the long list of scaremongering from you previously.

You wrote: "I predict there will be a slump in property sales in 2025, as many prospective buyers, particularly those recently retired and wishing to relocate to Thailand, sit back and wait to see how this remittance tax unfolds", The combined population of China and Russia is over 1.5 billion people, almost 19% of the global population. Both countries are at the top of the condo purchasing league tables here, despite both countries association with tourism here being embryonic.....the only for those numbers is up. Meanwhile, you think the market will slump, as a result of a Thai tax rule tweak, despite the tax rules in China being nearly identical to those in Thailand and despite less than 2% of Chinese people paying income tax! What I think is that you think that the Thai condo market is dominated by people from Western countries and who think the same way that you do.....they aren't and they don't.

Not only do you not understand real estate agents in Thailand, you do not understand the property market either! Condo sales in Thailand are dominated by the Chinese who purchased over 6.5 k units, followed by the Russians at 1.3k....the closest Western buyers were in the low hundreds. Meanwhile, some real estate agents say they have over 55k units for sale ! https://www.ddproperty.com/en/condo-for-sale

"in the street of the blind, the one-eyed man is called the guiding light". Erasmus

TBH JT I was going to ask the same question but decided not to.

Chinese buyers by a massive margin, followed by Russia: https://www.statista.com/statistics/1364907/thailand-number-of-condos-sold-to-foreigners-by-country-of-origin/

American and Thai tax policy is different.

No, a subsequent correction was made.

In which case, that is in line with my/our understanding previously, that WWT would take years to implement.....much ado about nothing

Anyone know the date on this?

If this was the case, why did Big 4 and the likes of Expat Tax not pick up on it?