Ben Zioner

Yep, I'd get the visa in June and move in July, easy and nice way to save 150k. But then no one knows exactly what's going to happen.

Becoming hilarious, can imagine someone investing USD 500.000 in Thailand to qualify for a visa, and having to pay USD 150.000 as income tax because he didn't count to 180 before moving to his new, so welcoming, "home".

Yes it looks like they have a lot to share.

BOI were quoting the RD. For what it is worth.

Yes, and my gut makes me think that once they've explored all ramifications of their initiative they could come up with a two percent tax on all remittance and cash foreign card cash withdrawals with some tourists queueing at Suvarnabhumi to get their refunds...

AFAIC we know one thing: it will start on January 1, 2024. So until then money earned before December 2022 and transferred in 2023 isn't taxable. So plan ahead. Also BOI interpretation is now that income earned abroad by LTR visa holders is not taxable for the duration of the visa. i.e money earned before and after is. We should read carefully the Thailand Revenue Code, and maybe discuss it with a tax agent, to assess the risks of doing or not doing certain things. (cash transfers, splitting income with your wife, etc..).

Which one is worse, Gonorrhoea or Influenza ?

Strangely OP never mentioned hookers, there is plenty of good non P4P recreational sex out there...

When is the last time you had sex? I mean "real sex", can't have that with a condom...

And what is worse is that those who got their pensions paid into a Thai bank account, or who couldn't prove that the money remitted to Thailand was earned in years prior to the tax year under consideration, could be liable to pay arrears for two years or even 5 years in the worst case.

That depends, some girls have a Thai gik.

I use Netflix, more and more.

I Just wear clean underpants..

If it is for LTR you should look for some government sponsored coverage in your home country. I you go try yo get a private insurance you'll get fleeced, especilly in Thailand.

Odd, as if they wanted to stop LTR visa holders from investing in Thailand.

How about a new law on lese Big Joke?

This also confirms that, for now, they will focus on taxing remittance. This will have a strange effect on properties purchases by tax residents using fund for abroad. There will be so many things happening. For instance one of my plans to limit the tax would be to take all longer holidays abroad, in Malaysia, Singapore or Vietnam, which would save the tax on about 300k to 400k taxed at 30%. Would also allow me bring back some cash... But I would imagine that within a few years they get their act together and implement the system to truly tax income from abroad. After tax they may even enrol us for National Service.

Of course it could be exempt. For instance if you transferred before 01/01/2024 income earned before 01/01/2023 it would still be exempt.

Mate? I thought it was boomboom.

Well I'd expect you to take your family with, or at least support them from wherever you'd go?

Well, that's your problem, Mate.

Fook Mee or Fook Yew?

So, they didn't write "Any income earned in the period prior to holding the LTR Visa or after December 31, 2023 will not be considered for tax exemption." ?

Good. They had everything to become the leading economy within the EU yet their delusions led them to leave.

There would be no problem for foreign banks to submit lists of cash withdrawals made in any given country. They could provide personal details such as Names D.O.B, address, etc. I my case i know that they wouldn't have my passport number. I would say that "forgetting" cash withdrawals and credit card bills on foreign banks may work for a while, but they will get their systems working at some stage and then the might track us back up to January 1, 2024. But the best thing to do is probably to fly the Singapore once or twice a year and get all the cash you can. My UBS cards have pretty high limits. Yet I shouldn't forget that the USD 20000 limit is likely to change just as well as the rules on foreign remittance.