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White Rabbit

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Posts posted by White Rabbit

  1. 16 minutes ago, Pib said:

     

    Just saw a new Notice in red text when first going to the LTR Visa website.  See link/snapshot at bottom.   Some cryptic talk in how you could lose you current LTR visa...such as switching to visa OR failing to maintain your LTR visa period.   

     

    Personally, I'm not sure what the second reason of "failing to maintain your LTR visa period" really means.  Maybe, repeat, maybe that means not maintaining LTR income/health coverage/etc., requirement during the LTR visa...or maybe failing to renew your passport.  Yeap, that part is cryptic to me.

     

    And even the first reason of switching visas to enter Thailand leaves me scratching my head.....why would someone want to change visas if they have an LTR visa.   But I'm sure some weird situations arise with some folks which might explain what is really meant.  

     

     

    https://ltr.boi.go.th/index.html#what

    image.png.800b56f2797e65fa20ae2c1233e240e0.png

     

    That makes sense to me. Another type of visa would collide of course and not "re-newing" the visa after the first 5year have expired would make the existing LTR visa void. No surprises or opaque moments here. One could read into the wording that there's the usual competition between gov agencies going on (immi and BOI in this case but it really is a worldwide phenomenon) but I once was told by a wise woman not to assume... and she was right as usual. 

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  2. On 3/28/2024 at 4:30 AM, Ben Zioner said:

    You can definitely stay on LTR, even LTR/WP, and get a work permit. But you'd have to pay income tax on local income.

    Precisely - there are 4 different classes of LTR visas - and all allow to quite easily apply for a work permit. One of subclasses is meant for ppl working in Thailand - they then get a preferential and in may eyes reasonable flat tax rate of 17%. Income generated in Thailand is always subject to taxation. Income generated abroad - world income - is tax free for holders of LTR visas. This is certainly not unfair. Excessive taxation is unfair. There are many such schemes in the world, UK non-dot status is just one example; they greatly benefit the countries that introduce them but of course there's always the envious ones disguising their envy as 'looking for justice or fairness' or whatever. Life is neither. But individuals can act fairly. Governments can be clever at best and act in the best interest of their home country. Thailand is quite good at that. If you act fairly and respectfully Thais and most government agencies will mostly recognise such and treat you accordingly. 

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