The Cyclist

Plenty of time yet before the RD extract their finger and make another announcement. When that eventually happens there might be a massive surge, to leap ahead of Calm down to a panic, this thread has a long way to go yet

Huh ? I never said otherwise, my 800k has been in the account since 2011. But if this is about tax residents, tax and immigration. Then I would fully expect immigration on my next extension ( Nov 2024 ) when I give them the details of the 800k to ask what I am remitting to live on. Which brings me on nicely to Or in my case, monthly transfers of Government Pension ( taxable only in UK ) is the money that I will be remitting to live on. Therefore 800k for extension + other to live on. ( The other being open to scrutiny for rax residents ) not the 800k in bank account for years. Or 65k per month, which covers both extension and money to live on.

We will all come under scrutiny. Or none of us will come under scrutiny. And going by your example, I would say the 800k in the bank would be the ones that would come under scrutiny. Thats great, you have 800k in the bank. Now what are you living on. Easy to see what the 65 - 75k a month guy is living on.

Ohhhhhh sweet baby jesus Some internet guy saying that he had ' heard ' does not make anything a fact. What it makes is someone spreading gossip and hearsay, which might also be called scaremongering.

There have been plenty of posts throughout the thread telling doomers & gloomers to calm the ( deleted ) down. It appears to go one earhole ( if they even comprehend it ) and straight out the other. Sure. Like the poster who informed me that the RD could investigate my FCA remittances between 2009 & 2019, which could take up to 2030 to complete and I would accrue massive penalties and interest. Said poster went rather quiet when I told them the RD could investigate to their hearts content, and take as long as they like. I was never a tax resident between 2009 & 2019. Why do they even take the time to post such garbage ?

I mentioned double pricing, because it really gets some peoples knickers in a twist. Yes it happens, but it is not something that I get irate about. As a way of explanation, the amount of double pricing that I come across, over the course of a year would be far less than the cost of a months Council tax in the UK. Its all about personal perspective. I chose to live here, I am not going to change anything in Thailand, so why mump and moan ? Accept it for what it is, warts and all, life becomes much more pleasurable and stress free. Just like the new rule change starting tomorrow. I'm not getting my knickers in a twist. I have limited my exposure to potential Thai Tax. In due course I might have to go and get a TIN and file an annual tax return. No big deal, their Country their rules. Certainly nothing ( at this stage ) to get excited about. It is what it is, and getting stressed about it isn't going to change it.

Sure All I am suggesting is that if the information is available on a monthly basis ( Which it clearly is ) then the mechanism is probably in place to break that information down to weekly levels and daily levels. It also suggests that it could also be broken down to individual card level.

The information appears to be available https://www.statista.com/statistics/310420/international-visitor-spending-in-bangkok/ If the information can be broken ( as per the chart ) monthly. Then it must be able to be broken down even further, ncluding by individual cards.

A small commercial break until the RD make a further announcement and the doom & gloom can restart in earnest

Nice semantics A concert is generally classed as a performance by an individual / group. A raft of concerts, by individuals / groups, brought together under one banner, is usually classed as an event or a festival. Concert or a Festival ? Big Mountain Music Festival 2023 ครั้งที่ 13 ราคาบัตรเท่าไหร่ Festival not concert. Sorry dear

The big mountain music festival is a 2 day event that probably has about 50, perhaps more, different concerts, if you class separate artists / groups as individual concerts

I wasn't meaning you I was meaning the people that seem to moan that Thailand is all about double pricing and nothing is free. As we both know, there is plenty in Thailand that is free.

Khao Yai. 4 day event, ( all free ) we will go back tomorrow night. Loads of free stuff, including concerts, going on every month. All it takes is a bit of looking.

A couple of pictures for the doomers & gloomers, who like to whinge and moan about potentially paying some tax in Thailand because Thailand gives them nothing. Relaxing after a very nice Boxing day lunch. Free entrance to the park and lunch for 3 came in about 1000 baht Last nights entertainment. Free parking / Frre entrance / free concert. Food and drink bill for 4 adults and 3 children came in at 2000 baht. Thailand offers plenty, often at no cost if you can make the effort to find it. One reason that I wont complain ( too much ) if I have to pay a little bit of tax.

As nothing was said by immigration when I renewed my extension 5 weeks ago, I am expecting the same results

My FCA opened when i was NR does not pay any interest. I will be doing a round robin of my accounts next week to update passport details and I will be sure to let the banks know that I am now Resident for tax purposes and see what they have to say. Perhaps the FCA will start to pay interest

Or the expert that he claims to be.

My oven and microwave Power switches to the right of the micro & oven above and behind the hot water pot.

Showing your ignorance again. CRS is about clamping down on Tax avoidance / Evasion To do that a Country ( In this case Thailand ) needs to identify anyone who is Resident for Tax Purposes. Why else do you think this thread exists and is full of doom & gloom ? And you claim to be some sort of expert Best get your eyes tested as well, you are seeing things that I have never written.

Thailand joined the Common Reporting Standard ( CRS ) this was set up by the Office of Economic Cooperation and Development ( OECD) If you get bored, knock yourself out https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/crs-by-jurisdiction/guidance/Jersey-guidance-notes-crs.pdf https://www.oecd.org/tax/automatic-exchange/common-reporting-standard/ The Thai Gov / RD will have to comply with OECD rules and standards. How this will play out in reality is anyones guess. But I will have a stab in the dark that Thailand is not updating the tax filing forms because they are bored and have nothing better to do. I'm hoping that by limiting my income to a pension that is covered by a DTA and only taxable in the UK, this income might not be classed as assessable income, which would negate the need to file a tax return. My head tells me that I will need to get a TIN and file a tax return even though I will have no tax to pay.

This is all about tax avoidance / evasion I dont think the OECD would accept this. This new interpretation of the rules is being instigated by Thailand joining CRS. If it was up to the Thais, nothing would be changing on the 01 Jan 2024 and it would be carry on as before.

Interesting comment You are the person that stick others on ' Blocked ' when they do not agree with you, or the doom & gloom that you have posted on the thread As a retiree in Thailand who is now a tax resident. Here is the only 3 facts that I am absolutely certain of on the 28 Dec 2013. Fact 1 - Something is changing on the 01 Jan 2024. Fact 2 - No idea ( as yet ) how it is going to affect me. Fact 3 - On 01 Jan I will have a hangover from hell. Other than that. I will carry on normal jogging until the Thai Gov / RD make a concrete announcement on how their ' Changes ' are going to be implemented and what I am required to do to comply with their ' Changes '

That will not be true or a fact for those that were not tax residents, or those that remitted income that was covered by a DTA. Plenty of O&G workers ( to name but one ) will have remitted plenty of big bucks whilst never being a tax resident. Why ? The new interpretation is effective from 01 Jan 2024, it is not being applied retrospectively.

My Immigration Office is a mixture of nice, smilie, friendly people and others who have serious faces and work efficiently. By going in person 4 times a year you get to build a bit of a rapport with the staff. What I have never had is any hassle or conflict. I dont have that problem

@jerrymahoney is posting a Sherrings link backing up your