Ben Zioner

You just don't get it. Someone who comes in in January 2024, with a non O, makes his 800k deposit for his extension of stay, under the new rules as they are known now, will have to pay income tax on the 800k. Someone else doing the same in July 2024 would not. Is that too difficult for you? And what has "my logic" to do with all this? They make rules, we have to think, act and react. Digging our heads in the sand certainly won't help.

Not if you spend less than 180 days in Thailand during the first calendar year.

Yes they will, and bear some consequences, just as we will.. We don't know wether OP pays tax at the source of his pensions. Hence my advice was not to plan o move to Thailand, at least for the next couple of years. I'd run if I could.

Someone had to bring up Generation Y.

I think this is a very bad idea. It would be much better to merge all your pension payments into a single account at home and wire 66 or 67k yourself. Also having a one year buffer (800k) in your account at all time could save you being asked to pay income tax for money transferred before the end of this year. Next year you will have to pay 75000 income tax on that income. Retiring to Thailand in the current climate isn't a good idea.

Neither is the stuff they make at Starbucks.

In Vietnam they have Crazy Duck.

Are we doomed?

No

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?