The Cyclist

That depends on what you think this new interpretation of the rule, starting 01 Jan 2024 is intended to do. 1. Close a loophole that has been exploited by Thais. or 2. Target the miniscule amounts of Expats / Retirees in Thailand. As the answer is most likely to be option 1. Then immigration / annual extensions do not apply to those people.

I might worry about that when it actually happens. Until then meh. By focusing on what I do know. Limiting my remitted income to my Government Pension. I might be hit with an annual tax bill somewhere between zero baht and 80,000 baht. To give that some perspective, I could do 179 days in Thailand and save myself somewhere between zero and 80,000 baht. Spend the rest of the year in the UK and fork out, Accommodation costs - zero Emirates return flight - 50,000 baht. Hire car UK - Conservative estimate, 30,000 baht x 6 = 180,000 Baht. Fuel - Almost double the Thai price. Household utilities - At least double Thai prices. Way more than any potential Thai tax bill. Or I could bounce around SE Asia in nearby Countries - Which is also going to cost way more than any potential Thai tax bill. Or I could save money, by accepting that things have changed, and at about 80,000 baht a year, I still think it is a good deal.

If you had bothered to actually look at the forms, you will see that they are in both Thai and English. I deduce that should do a little more research, and educate yourself. Why are you inventing stuff ? Crack on.

Calm down and await concrete details from the RD would appear to be a good solution at this stage.

Yes, you can Yes, they are.

Posted many times on the thread. Some people cannot see it, or cannot understand it I sat with a beer last night and worked out that by limiting my remitted income to my Government pension, I will pay somewhere between Zero ( Taxed in UK and covered by a DTA ) and 80,000 Baht a year ( Before applying any deductions ) To give that a bit of perspective, 80,000 Baht would hardly cover my CouncilTax bill if I was to flee back to the UK.

U tink 2 much

Despite 280 posts on this thread of hysterical doom and gloom, 10 minutes ago you post this Comedy Gold.

I have no idea what your major malfunction is. Yes, I know it is happening, I also know that it is real, and I also know that it starts on the 01 Jan 2024. Hope that is clear enough for you to understand. I have tried to keep it really simple. What no-one is clear on is how it will effect them as it is not yet set in concrete and liable to further changes. As highlighted by the lawyer from about the 9 minute mark. Is that clear enough for you ? Is there anyway that I can make that even more simple for you to understand. But I do, that is why I have stopped my Private Pension being remitted to Thailand, until I get further clarity on whether it is going to be taxed in the UK and then taxed again in Thailand. What I do not care for is the doom & gloom from some posters, which is absolutely unwarranted as no-one knows the details and the ones we think we might know, are liable to change. Your issue to deal with if you think that is argumentative.

You then have another 180 days of 2024 before any of it affects you. Plenty of time to come up with a plan and then execute that plan. Took me about 10 minutes to decide to stop remitting certain income to Thailand and about another week to get the paperwork, fill in the paperwork, send back the paperwork. And unless some drastic announcement, that is yet unknown comes forth from the RD, that will be the limit of any decisions that I need to make.

Not sure why you posted this video when quoting me. I replied to it when it was posted yesterday. Learned nothing new from the video yesterday.

But that is exactly what you have been doing over the course of this thread. Well blow me down with a feather. I suppose that big black cloud of negativity drowning you, stopped you seeing that the potential negatives migh not even happen. Yes, you could be. And you might have been better waiting for official advice to come from the RD, before making 270 posts of negativity, with a liberal dash of doom & gloom. That's just me though, glass half full rather than glass half empty kinda guy.

I think you make my point very well. I would not class being born with a talent as being lucky, neither is having a strong will to succeed down to luck.

Sure, I can agree with that, with a caveat. This will happen to very few people, for the others it will not be luck or chance, it will have been deliberately engineered.

Which has nothing to do with luck,, and can be equally applied to every walk of life. As Millions upon millions of failed sportsmen, pop stars and many others will testify. Lack of talent / not good enough is not down to luck.

Gary Player won 9 majors. Not bad for a guy who was told repeatedly that he would never make it as a pro due to his unorthodox swing. Hence his quip, posted above. So was it luck, or was it his dedication and practice that made him a 9 major winner ?

If you say so. Probably every Country in the world has wasters who bemoan their luck and think inwardly, What if I had tried harder at Skool. What if I hadn't got pregnant at 15 What if I hadn't got drunk and caused a car crash at 20 Luck has very little to do with it, bad choices have plenty to do with it.

As a world famour golfer once said ' The harder I work and practice, the luckier I seem to get ' Gary Player Esq.

I don't think I learned anything new from the video I did post this a few hours ago For some, that big black cloud has grown to Armageddon size.

At this stage, I am not really sure what they are saying, implying or what is set in stone. I will remit income, that has been taxed in the UK, and is also covered by a DTA, until such times as something is set in stone ( With the requisite paperwork ) I am a big advocate of not poking hornets nests and that way you are unlikely to be stung ( in this case for tax in Thailand ) Play silly games and you are likely to win silly prizes.

You forgot the gathering black clouds of doom & gloom that are poised to unleash fire & brimstone on unsuspecting expats

How problematic it potentially could be remains to be seen. It certainly cuts the legs of people, some of them on this thread who have been asking about remitting income as savings. Ahhhh but Mr RD man, this is savings from 1995. Is it really ? Then produce the paperwork proving that it has been taxed and we will refund the tax that you pay now. All potential of course, not an avenue that I intend going down and chancing my arm.

Sure. I supplied the ' The bad news part ' for the benefit of certain posters who were asking questions about doing funny things with income / savings as a back door method of avoiding taxation. I'm a do what you like kinda guy, but the same posters will no doubt cry loudly if / when they get caught and have to set up a gofundme page to try and bail them out. Not sure what the tax avoidance / evasion penalties are in Thailand, but I have no intention of putting myself in a position where I might find out

Are you not very robust mentally ? https://www.rsm.global/thailand/insights/new-change-and-effects-thailand-personal-income-tax Read, digest and comprehend, although I have already posted the relevant parts just a few posts up. But because you are very busy pavking and trying to find shipping Companies, I will help you out. This is the good part. This is thenot so good part, especially for those that thought they would be able to buck the systemby claiming earnings as savings Think you might need to speed up the packing and batter shipping Companies for the best deal.

Not something I fret over. Although keeping off Thai roads after dark O'Clock will probably increase my life expectancy.