CharlesHolzhauer

Unless you're narrow-minded, it's best not to judge people solely based on their names. Names don't reveal anything about a person's heritage, race, or country of birth. You did have an educational upbringing, didn't you?

The laws apply to the country where the assets are located. A will is applicable to the country where your assets are located. For instance, if you have assets in six different countries, you may need to create six separate wills, each specifying your chosen beneficiary(s) for the assets. Additionally, all wills may need to be officially translated into English.

Interesting. My wife and I are looking for a 'getaway,' and we were considering Koh Chang and Koh Kood, but both were not to our liking. In our opinion, the next best place is Koh Rong (Survivor Island), which is in Cambodia and not easily accessible by road. Could you please elaborate on the approximate cost of renting a small house or the cost of land prices, preferably on or close to the beach? Additionally, I would like information on the availability and reliability of utilities, Internet as well as the 'quality' of the fish market and/or supermarket.

Congrats. Probably a relative new house with excellent insulation properties on roof, ceiling and walls.

I voted 'I will wait until next year to see what happens before deciding.' But having lived in Thailand for a considerable time, I believe it's within the realm of possibility that the powers that be may instruct the Revenue Department to shelve the recently introduced tax rule change in the not-so-distant future. If not, then I naturally will comply with the rules as prescribed but would consider relocating if it weren't for ties here in Thailand and advanced age.

To foster meaningful discussions concerning to the subject matter in this forum, it's essential to control disruptive comments. It's become apparent that some participants either fail to read or comprehend, or they harbor dubious intentions, which only adds to the tumult. And regarding your comment in a previous post, "I thought you said you were not going to have [...]," it was uncalled for and seemed designed to embarrass. Expressing such sentiments via Personal Messages would have been more appropriate. An apology, would reflect positively on your character.

It would be interesting to me, as well as to anyone remotely familiar with this subject matter, to know which 'new' law you are referring to.

Many of us empathize with your frustration and urge to discontinue this thread—personally, I would have taken that step much sooner. However, I believe relinquishing control of this valuable and informative discussion to these three individuals is misguided. The administrator and you, as the moderator, should seriously consider locking this thread and deleting all content after your resignation post. Let those disruptive individuals start another 'tax guide' or whatever they wish to call it. There are many more who read your contributions and depend on your wisdom. Perhaps, when things have calmed down, you could at least resume reading and responding to personal messages.

I, for one, prefer the most efficient and practical solution, which involves metal sheeting with appropriate insulation material. Personally, I would opt to live in a safari tent-type house rather than a dwelling covered in cement tiles

Weight or heaviness does not influence the penetration of heat.

Cement tiles to reduce heat penetration?

How original.

Links please

I've been to Manila once but never visited other locations within PI. Many years ago, I contemplated moving and retiring to Timor-Leste due to my girlfriend at that time. You may wish to add this to your list for detailed investigation you wish to relocate https://retireasia.com/east-and-west-timor/. There are other locations you may wish to consider such as the Islands in the Western and South Pacific which were my stomping grounds for more than two decades. I hope you find a suitable country to retire. Good luck.

I believe you're being too accommodating to certain posters, especially those known to cause disruptions. This post seems unnecessary as it merely repeats information already provided in your Simple Tax Guide, a mere reference to this guide would have been sufficient. People who claim to be escaping 'nanny states' need to mature. You've already provided a comprehensive explanation of the changes to the Thai tax system. I suggest focusing on keeping the guide updated with any new information or changes. It's time for these individuals to act more responsibly.

Foreigners like me don't apply for an yearly visa. An extension based on [whatever] is not a visa.

CRS

You could find the countries in the Wiki publications. I don't know if all retirees have requested a TIN but I have one. I heard about this long before the tax talk came up.

The countries signed up to CRS If you are a tax resident of a country other than [your home country], provide the tax identification number (TIN) or equivalent. A TIN is the number assigned by each country for the purposes of administering tax laws. If a TIN is not provided, list one of the three reasons specified (A, B or C) for not providing a TIN. In the case of Reason B, provide an explanation why the TIN could not be obtained. Reason A - The country of tax residency does not issue TINs to tax residents Reason B - The individual or entity has not been issued with a TIN Reason C - The country of tax residency does not require the TIN to be disclosed If the individual or the entity are a tax resident of more than one other country, list all relevant countries. You will receive annual inquiries from financial institutions until you either obtain a TIN or, in some cases, close your account.

You might consider investing in one of those SMART toilet seats made in Lesotho. Rumor has it that if they crack due to weight issues, they miraculously fix themselves after a healthy, weighty dump into the toilet bowl.

Frankly, I am quite dispirited by your assertion. After all and the best to my knowledge, you are engaged in a business endeavor up north. Maybe your comment might have been made humorously or without much thought. Obtaining a tax identification number (TIN) does not automatically mean that the holder is paying taxes. A TIN is simply a unique identifier assigned by a tax authority to individuals or entities for tax purposes. However, whether or not taxes are actually paid depends on various factors such as the individual or entity's income, deductions, exemptions, and compliance with tax laws and regulations. Simply having a TIN does not guarantee that taxes are being paid, as it is possible for someone to have a TIN but not have any taxable income or to be non-compliant with tax obligations.

I specifically stated an American Express Gold Charge Card, which is not a credit card! Readily available cash is necessary to utilize a card like the AMEX CHARGE gold card.

It's essential to focus on your personal situation and not be swayed by opinionated individuals citing hearsay on remitting procedures by other nationalities. If your investment products are placed in an Account Based Pension, you pay zero taxes, PERIOD. None of the Account Based Pension platform operators will remit pension payments to an overseas account; you'll need to arrange it yourself. Go to <https://aseannow.com/topic/1318120-revenue-department-contact-reports/#comment-18647010> and locate poster 'pauku1' and download his excell spreadsheet to compute your taxes if any - you might be pleasantly surprised.

Would BOI consider an American Express Gold Charge Card? I've held one since 1980 with an excellent payment history, always paying charges before the due date. I've been using the card to pay for all my private hospital bills, including comprehensive annual check-ups, medications, and bi-yearly follow-ups for the past 23 years which also includes a recent emergency operation for the removal of a burst appendix.

Pension payments from an Account-Based Pension are typically tax-free. Your platform operator will likely facilitate the transfer of your pension payments to a bank account of your choice, which can then be transferred to Thailand via a money/exchange transfer company such as Wise to your Thai bank account. Proactively providing your Thai Tax Identification Number (TIN) to your Australian-based bank is advisable. It is also advisable reading through the pertinent articles in the OZ/Thai Dual Tax Agreement (DTA) as the Thai Revenue Department may treat your income transferred to Thailand as assessable (taxable) income which is subject to taxation depending on the amount transferred. Source: https://aseannow.com/topic/1319807-personal-income-tax-guide-for-foreigners-thailand/ The Thai tax system contains a series of Tax Exemptions, Deductions and Allowances (TEDA) that will help you reduce your tax bill and they are very generous. It is easily possible for the average expat foreign retiree to reduce their taxable income by 500,000 baht or more each year. For example, a retiree aged 65 years of age, married and living here full time, supporting a Thai wife who has no income and doesn’t file tax return, is allowed the following: a) Personal Allowance for self (PA1) - 60,000 b) Personal Allowance for wife (PA2) - 60,000 c) Over age 65 years exemption (OAE) - 190,000 d) 50% of pension income received, up to 100k (PD) - 100,000 e) In addition, the first 150,000 of assessable income is zero rated and free of tax (ZR) Source:https://aseannow.com/topic/1323489-new-tax-laws/page/3/ The tax tables are here: 1. 0 to 150,000 THB is exempted from income tax. 2. 150,001 to 300,000 THB is subject to a 5% tax rate. 3. 300,001 to 500,000 THB is subject to a 10% tax rate. 4. 500,001 to 750,000 THB is subject to a 15% tax rate. 5. 750,001 to 1,000,000 THB is subject to a 20% tax rate. 6. 1,000,001 to 2,000,000 THB is subject to a 25% tax rate. 7. 2,000,001 to 5,000,000 THB is subject to a 30% tax rate. 8. 5,000,001 THB or more is subject to a 35% tax rate. Source: https://aseannow.com/topic/1323489-new-tax-laws/page/4/ Cheers and good luck.