Talon

Money is the target, and I know that the initial target was wealthy Thai citizens escaping tax. I'm simply stating what occurs everywhere taxes are imposed -- regardless of who is the target. Behaviors of those affected will change. People with critical thinking skills and experiences in other countries with taxation are well aware of how taxation creeps along taking a little bit here, a little bit there, and the tax slowly expands. I have already adjusted my behavior in anticipation of the unknown, and I know others who have done so as well. As always, best wishes and good luck to everyone.

I said as much. Newton's Third Law: For every action, there is an equal and opposite reaction. People will change their behavior as the tax rates are changed. The spending behavior of foreigners will change (and is already changing). - Foreigners will leave and move elsewhere - Foreigners will spend less than 180 days in Thailand resulting in spending less and not owing any tax - Foreigners who stay will bring less money to Thailand - Foreigners who stay will make budget cuts and spend less money in Thailand, which will negatively impact VAT tax revenues for the government - Foreigners will try and avoid it through various methods/loopholes This happens in every country when tax laws change and impact people negatively.

Thanks for the video! According to what was currently discussed in the video, ATM withdrawals from a foreign bank are not taxed. The DTA with the US means that my Social Security and state pension would not be taxed. If the TRD decides that my state pension is private, I'd only be taxed on funds that are brought here. The video provided lots of answers for me. But I realize that all of that could change in the blink of an eye. TIT.

No, it's just a bank/stock statement that is not sent out every month. "Digital" as in only available online. I've never had to print out any of it before. I'm sure there's a way; but I'm not sure that TRD will accept it.

Yes. Correct. Nothing to do with bitcoin or anything similar. Bank statement that is only available online. There may be a pdf available. I've never had to download any statement since for years since the account was opened.

My digital online statement shows the ATM withdrawals and from which specific ATM terminals with dates, amounts, etc. I also keep a spreadsheet of them all with the dates and currency exchange rate that day. But I don't receive a hardcopy statement. I can easily print out the online digital statement and just hope the TRD accepts that.

I understand the process and that no documentation is supposed to be required up front. How would one PROVE ATM withdrawals if they are all done through a foreign bank and none of those funds were deposited in any Thai bank? I don't receive bank statements. It's all digital. I doubt they would accept a personal statement printout. The last information I received regarding filing from the local TRD (which was a week ago) was that I had to show up to file my taxes with Thai bank passbooks. But there are no deposits in those passbooks after July of 2023. I don't deposit any ATM withdrawals into Thai bank accounts. The ATM withdrawals all remain in cash. My bank books in Thailand exist solely to meet visa requirements, and they were topped up and remain so a couple of years ago.

I never said that the funds were any different. LOL I asked what documentation would be required. 😎

The form doesn't have to show any special US considerations. I didn't say that. Your last sentence quoted above was that which I was referring. There's nowhere to show exempt income.

The interesting thing for me being from the US is that there is nothing on the current form to show any deduction if all funds are derived from Social Security and/or another US pension. Yes, I know we're still waiting for guidance . . . - Will we just put zero on the form if our funds are derived from Social Security and other pensions? (No deduction line on the current form.) - Will we file, have to pay any tax due and then have to file for a tax rebate? - What documentation will be required to show that all funds are from pensions? (I would guess the 1099s, but you never know.) - If all of the funds brought into Thailand are via ATM from a foreign bank account and never deposited into a Thai bank, what documentation will be required? So many questions that may continue to go unanswered. Watching and waiting.

Over 130 baht? I tip at least that much every meal. 🤣🤣🤣

I've predicted that will be the next shoe to drop. Bring your TRD financial documents with you to renew your visa.

The realistic view of the corrupt GOP is that no GOP candidate can win without America First Voter support. Those voters are deciding the future of GOPe Mush RATs and Do-Nothing RepubliCANTs in the House and Senate every election cycle. Those GOPe Mush RATs and Do-Nothing RepubliCANTs have considerable support within the party because they control the GOP House and Senate today -- but it won't last. The GOP Establishment is on life support, and they will not win elections without America First Voters. Trump is only the temporary leader of the America First movement. It will continue long after he's gone. Mainstream Elected Republicans need to be primaried and run out of DC. It would not hurt my feelings if the current GOP died tomorrow. They are UNIparty shills.

Yes, governments with wrongheaded ideas have a way of doubling down on those ideas. We see it all over the world.

The Atlantic probably didn't think that their October cover could be viewed differently by people who support Trump. But it's done. Too late.