Tom100

First, Thailand does not have the $$ to pay for this with a weak economy and budget deficit at 2-3% of GDP. Second, a NIT requires a lot of good data to implement and Thailand does NOT have this data. Only about 10 million Thais pay income tax and the rest are in the informal cash economy so the government does not really know what their income is. A NIT increases the income of the poor up the the target income support level... but the government does not know how much the non-taxpayers actually earn so any NIT would be based on guesstimated incomes and people would have a huge incentive to underreport income to boost the NIT. Just like Western people on the dole may work for cash. Third, if Thailand cannot figure out the digital wallet giveaway after 1 year it will not figure out the implementation of a NIT in 10 years.

Thank you!

My simple $US250 to Baht transfer has been delayed many days and today they said my transfer rate is not guaranteed ...because of their delays. I have done monthly transfers for many years and 2024 transfers are the slowest. 5 days to transfer $250 is pathetic.

Another delay today. 2024 transfers are the slowest ever.

Me too. Transfers take much longer. Their BS explanation is attached.

Here is the report. https://www.bia.gov/sites/default/files/media_document/doi_federal_indian_boarding_school_initiative_investigative_report_vii_final_508_compliant.pdf This work was supported by Senator (Democrat) Elizabeth Warren of Massachusetts who claimed falsely for many decades to be a "native american".

I just completed this quiz. My Score 80/100 My Time 56 seconds  

November 2022. The embassy staffer said they were not certifying the accuracy of my address but were only certifying that I was a US citizen making that claim.

Smart and accurate post. I think the same of Peterson, a man full of anger at the world for not grovelling at his feet. What an ego! He makes Trump look modest. Thank you.

1. I went to Bangkok Bank to open an account with my US passport. They gave me a form to take to US Embassy to certify. 2. I went to US embassy with Bangkok Bank form. US embassy had me complete their form letter which they stamped. 3. Bangkok Bank opened account after getting US Embassy stamped form letter.

Foxx is correct. Other countries that tax their "tax residents" on international income include Canada, Spain, Italy, France and Portugal. Probably many more in EU.

Not absurd at all. I am happy you were rejected! Thailand does not need any more entitled angry expats. The Thai process is easier than that for obtaining some other retirement visas (e.g. Spain's Non-working (Non-lucrative) residence visa). I received my LTR in 3 months by following the rules and giving BOI all the docs they requested. No problem. Have a nice day! lol!

Source: https://www.worldairportawards.com/worlds-best-low-cost-airline-terminals-2024/

The lottery in Thailand is hugely popular despite the low odds of winning and the unfavourable payout ratio. The payout ratio for the Thai lottery is 60%, as compared to worldwide averages of 74% for bingo, 81% for horse racing, 95% for Las Vegas slot machines, and 98% for blackjack.

https://www.samuiforsale.com/condominium/foreign-exchange-transaction-form.html

Please keep us posted on your future plans.

I contacted Pacific Cross Thailand directly to ask if I could buy an annual policy with only the LTR required coverage of $50,000. They said "no", I must buy a policy with minimum 3 million baht coverage...because that was what they offer foreigners (the policy is called "New Normal Lifestyle Series"). The agent readily admitted that this was in excess of BOI/LTR requirements and said there was some internal consideration of a policy to meet the legal requirement. I have paid Pacific Cross 2 years of premiums and they have still not paid for my only small claim I made months ago. First they claimed the forms were never received which was proven false. Then they asked for more paperwork and yet another copy of my passport. I have given them 3 signed copies of passport already this year. What BS!

I use Google Voice. Texts are sent to phone and GMail account. Perfect for 2fa purposes.

I bought my last bike from Decathalon because of their large selection and free delivery to my door. Previously I bought one on Lazada (buyer beware) and another used in Bangkok that soon required many repairs.

I initially showed BOI an investment account holding $100k but they rejected that saying money must be in a BANK account...and they wanted 12 months of BANK statements with $100k which I did not have...so I was forced to buy insurance. Leaving money in a US BANK account is expensive because the interest rates are low. Schwab banking pays only 0.48 annual interest on deposits but you can earn about 5% on a 1-year US T-bill from Schwab investing...so the difference in interest is about $4500 USD per year. Therefore, rather than earn 0.48 in a Bank account, it may be cheaper to buy the minimum Thai insurance and be prepared to pay cash for most medical services. Your experience and best choice will vary based on your current/expected insurance premiums and your pre-existing conditions for which you get no insurance coverage.

To get my LTR, the BOI asked for 12 consecutive months of financial statements submitted in one PDF. I downloaded 12 PDFs and joined them into one doc. One monthly statement was not enough in 1/2023.

I am in similar situation. Pacific Cross Insurance has proven to be a waste of money and bureaucratic mess so the 100k route now looks better. I think that you have to visit the Bangkok LTR office to settle this as emails may not be answered. Being in the office forces a decision to be made. LTR VISA UNIT Expatriate Services Division One Stop Service Center for Visa and Work Permit (OSS) 18th floor, Chamchuri Square Building (MRT Sam Yan Station) Phayathai Road, Pathumwan Bangkok 10330 Email : ltr[at]boi.go.th Tel : +66(0) 2209 1100 ext. 1008,1109

In many ways, I think that Tokyo is cheaper on a quality-adjusted basis. First, the air, water and streets are very clean. This is important & valuable to me. Second, Japanese food is cheaper there and better. For example, MaxValue is better there than in BKK. Third, the city and national rail transport networks are fantastic. Fourth, the climate is cooler & better! If Japan creates a retirement visa I will move there.

I too want the 2024 for better engine. Much better than 2023 based on reviews. Dealer may not want to tell you hoping you will buy the 2023.