Fat Bob

Sorry if I wasn’t clear, but I will be the one who’s renting from a landlord. So if I don’t take tenant insurance, in the case of a heavy storm or flood like last spring’s hail storm in CM which broke windows and let the hail and rain come into the house, obviously I will be responsible for my own personal items. But what about damages to the house, the landlord’s furniture? And in the case the house becomes unlivable for a period of time undergoing repairs, will I be responsible for finding my own accommodations out of my own pocket, while paying the usual rent to the landlord?

I’m completely new to renting properties in Thailand. Is there such a thing as tenant insurance? For example to cover losses in personal property or liability if someone slips and gets hurt? What insurance, if any, do renters usually take, or is required?

Yeah this is literally opening up the border. I guess this is Thailand’s way of implementing what’s been happening in the western countries for awhile now. I wonder what type of ppl will end up moving to Thailand.

So apparently with the new destination thailand visa foreign income is exempt from tax. It‘s starting to make a lot of sense on how it works. I feel totally jypped i haven’t even moved and gotten my elite visa stamp yet. 😂 I had a feeling there‘s always a way with Thailand. Might even get that visa to not worry about tax and just use the elite for the airport rides and travel more to max them out so I feel less taken advantage of. It‘s almost certain that there’s not gonna be any sales of the privilege visas and I really hope they don‘t close down. Still want my option to stay for 20 yrs if I like it there.

This actually worries me a bit. As I suspect with the tax scares privilege visa sales should have gone down to nil and the program may be axed at some point. I am one of those people who feels like I got screwed. The point of the visa was to be able to live without dealing with anything. Now if I should be conservative and stay for only half a year to see how things play out, that renders the elite visa pointless, for the way I intended to use it.

Imagine those elite visa holders contemplating their situation 😂. They really got screwed big time.

The thread title. For the change that’s already happened … I actually don’t know what to think of that, or how to prove the money I’m bringing in has been taxed. There’s no trace to guarantee those exact funds have been taxed. All I can say if they come to audit is hey, I’m taxed every single year in Canada for all my income and as you can see in my chequing / savings account there are way more monies than those i brought in.

This potential taxation change may not be as bad as we think it is, for those who are residents in both Thailand and another country and have most assets in the other country in which that country has a DTA with Thailand. It is bad for those who are only a resident in Thailand or whose other residency doesn’t have a DTA with Thailand. Or the DTA specifies that the income can be taxed by Thailand. I’ve given a brief read on the Canada-Thailand DTA, and my gosh it is hard to read, I’ll have to read it a few more times or hopefully someone here has also taken a read and understand this DTA. It sounds like for a Canadian resident (as determined by the DTA, and you can only be resident of one contracting state in the DTA, which as long as you have a permanent home available, such as a family home not even owned by you and where the majority of your assets are, so doesn’t matter if you stay in Thailand 365 days a year and haven’t been in Canada for even years), interests and capitals gains from Canadian sources are only taxable in Canada, not in Thailand. Assuming your main source of income is from the stock market or savings accounts, Thailand will not be taxing any of those. Now, for actual income, which I guess is what taking money out of a registered retirement savings account is, this I don’t know yet. This seems to be not too big of a change for those who intend to be paying taxes where they’re from. For those who rely on being solely a Thai resident and store their monies in perhaps Singapore and remit their estimated yearly expenses into Thailand first day of year, to not pay any taxes anywhere, then this tax change may have a large impact.