The Cyclist

Lovely little spot for lunch.

Enlighten me, Ohhhh wise one. Have you recieved a personal briefing from the head of the RD ? I'm sure you will excuse me if I do not subscribe to some of the hysterics that have been posted on this thread.

1. The mental contortions some people are putting themselves through are worth reading for the amusement factor.. 2. The extrapolation from the initial announcement is worthy of a Thai Soap scriptwriter. 3. Whilst being midly amused, I hang around waiting for a definitive announcement from the RD. If anyone is looking for a nice chilled out place to have lunch, I can recommend this place. I'll let you try and work out where it is, it will stop you fretting about the RD

You will go mental retiring at 40 and 100k a month might be a bit of a struggle at 40 and depending on your lifestyle. You take that 100k a month and invest it in a 10 or 15 year plan and continue working.

If it was a bona fide method of avoiding tax, all the tax Lawyers, accountants, UTube experts would be shouting it from the rooftops. " Don't panic people, nothing to worry about, just gift your wife / boyfriend / girlfriend / next door neighbour your foreign income from 01 January 2024 " Don't worry. You wont need a Plan B, until you get caught.

Renewed 3 weeks ago with no mention of home visits or under consideration period. Same Immigration Office for the last 8 years and never had a home visit. ( Retirement Extension )

Yes, I know that, you apparently know that but @Yumthai does not appear to know that.

The only thing that they will screen is the paperwork to ensure that it is a bona fide application. However, some other Government Department might have put a red flag against your name, HMPO probably wont know what the red flag is for and will have to defer to the Department that raised the red flag. If you get an email telling you to report to the Embassy and obtain an Emergency Travel Doc and return to the UK, start worrying

Why would HMPO care about what is in your passport ? Now, if there happens to be a big red flag attached to your name, that would be a whole different ballgame.

What are you talking about ? It doesn't matter if its 7.14 million tourists or 35 million tourists, this doesn't affect tourists.

The whole thread, consisting of 161 pages is mostly speculation. Having said that. Did they amend any Laws to make the changes that are starting on the 01 Jan 2024 ? Pretty sure they simply changed the meaning and never ammended anything. Our realities mean jack ****. The OECD on the other hand is a different kettle of fish. Whether we like it or not. These changes are being introduced to close loopholes that have allowed people to ( legally ) avoid paying tax. Up to 20 million baht tax free ' Gifts ' of untaxed income is the epitome of tax avoidance.

None of that is in doubt. Neither is the reason for this rule change starting on 01 Jan 2024 in doubt. But when you want to play by the big boys rules ( OECD ) then you abide by the big boys rules, and there is no way the OECD oversight team will be allowing tax free ' Gifts ' of up to 20 million baht a year from untaxed income remitted from abroad. Every single contributor to this thread could simply ' Gift ' their income / pensions / capital gains / any other to their other half / next door neighbour / special friend and this thread does not exist, tax lawyers / accountants are redundant etc, etc. Neither would there be a need for the RD to be employing additional staff up and down the Country. I'm not insinuating anything, I am giving you a cold hard reality.

Yumthai, what is the whole purpose of the changes that will take place from the 01 Jan 2024 ? I suppose it never occurred to you that this ' Gift tax ' will stay in place for ' Gifts ' that are gifted within Thailands borders. To allow ' Gifts ' of up to 20 million Baht, remitted from overseas to remain tax free is defeating the purpose of the changes coming into force from the 01 Jan 2024. Might as well not bother with the changes, as most peoples overseas income will now be converted to ' Gifts ' to continue with Tax avoidance.

Are you confusing a State Pension with a Government Pension ? My Government Pension increases by CPI every year, regardless of where I am in the World.

But they will do, if it is remitted from overseas. You know that loophole that they are closing, where people hold money offshore to avoid paying tax. I would really need some assistance in finding a ' moral obligation ' for a farang to gift his TG up to 10 million baht a year to do whatever she pleases with it, and it can remain tax free.

Not going to happen with any UK derived income. It is added together and then taxed appropriately at the going rate after PTA has been deducted. Income from the UK that is above the PTA, taxed on it you shall be, until the day you die.

And the point I am trying to get across Maintenance Income. Does the new interepretation of the rules effective from the 01 Jan 2024 not make all income remitted to thailand assessable for income tax for all tax residents of Thailands ? Perhaps it is just me. But I would think that tax free gifts of up to 20 million baht a year would be exactly the loopholes that they are trying to close.

Sure, although that could change from the 01 Jan It doesn't matter who the tax liability falls on. Tax will still have to be paid if it is not for * Education * Religion * Public benefit So I very much doubt that @Mike Teavee would gift his girlfriend 10 million Baht so that she can then donate it to one of the above.

It might be a bit difficult proving to the RD that the money was used for

That is what I thought and why I asked the question. Not just me that thinks that way then

Yes, I understand that you are talking about Thai Nationals. I am asking you if the they will pay tax on tax free ME salaries if they are non resident for tax purposes, ie, spend less than 180 days a year in Thailand. Just like Nationals of most Countries keep tax free earning tax free by sticking to their Countries rules. Remember this new interpretation of the rules affects people who are tax residents of Thailand, above 180 days in a tax year.

Are you sure ? Will they really pay Thai tax if they are not residents of Thailand for tax purposes ( Over the 180 day residency threshold ) ?

The same thing, Until I knew for sure what my tax liability was going to be. Doesn't really matter if it is between 0 and 80,000 or 0 and 800,000, it is all relative. You might have noticed ( but probably not ) I made a conscious decision to limit my income remiited after 01 Jan 2024 to a single source that might incur a Thai tax penalty of between 0 and 80,000 Baht. Nothing stopping anyone else doing the same thing.

Just a guess, but I would think it will be the DTA that matches your passport. Otherwise people would try and use whatever DTA suited them best.

Best place to be. It is what it is, no point in stressing over it.