CharlesHolzhauer

This maybe true for some individuals considering that, contrary to common belief, Thailand is not a retirement destination per se. That's why they don't and never have issued a retirement visa. .

This is my understanding also. The bank I am dealing with in Australia sent out a Tax Status Declaration form due to AML/CTF and FATCA regulations which most likely have a reporting component to the BOT. The bank is merely a third party that acts as an agent between relevant authorities.

I applaud you for recognizing the need for assistance with specialized services like immigration issues—well done. You might want to consider taking a similar approach when dealing with the Thai Revenue Department.

The consequences of doing absolutely nothing about the new tax issue are difficult to determine precisely. However, it is likely that ignoring tax laws would result in either severe or less severe penalties, similar to the consequences in your country for tax non-compliance.

Abrasive language? Oh well.

You are clearly misinformed, and unless you get your act together regarding immigration and tax matters, you will continue to be so. Despite living in Thailand for two decades, you should know that Thailand has never issued a 'retirement visa'—it doesn't exist. In other words, you don't have a retirement visa. If you are serious about understanding the current tax situation, listen to and follow the guidance provided by Mike Lister. Given your long stay in Thailand, what do you expect from recording a conversation with a government official? This is a rhetorical question—no answer needed. It's time to face reality and take action. Some individuals in this and other tax-related discussions are perpetual naysayers with overblown egos, sharing wishful and twisted thoughts. Regardless of your age, as a tax resident you will have to comply with the regulations of the Revenue Department, take my word for it. And your arrogance will bite you eventually.

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.