kuma

In an earlier time, I would not even have bothered to mention it - but this world has fallen so precipitously that I can very easily seeing that being made a condition. They are free to do so if they so if desired - it would be an error imo but that is hardly considered as a factor anymore.

One that i wonder about is if the funds transferred have to be converted from USD/GBP/EUR etc to THB before Jan 1 as well? I usually bring funds here and they can sit in an account until such time as I want to convert - up to two years. I hope thoise funds are considered already here" and not treated as not yet landed since they have not been converted....

As was mentioned much earlier in the thread by an OP, this could cut the legs out from under the property market, as foreign buyers would have to pay tax on funds imported to buy a condo...that is a large and politically powerful constituency that cannot be too thrilled with this idea

Too much account juggling for me but it is a reasonable plan.,except there are no details in stone yet about what the plan is so it could all be for naught. Hope it works out for you. I am not going to set up more accounts just to navigate all this - the hassle of account opening can be even worse. See what 2024 brings. Cheers

https://www.rd.go.th/fileadmin/user_upload/kormor/newlaw/dn162A.pdf In Thai so get a friend to help you if required.

Thailand | Tax & Legal | 24 November 2023 TAX Alert Foreign source income Tax Update under The Revenue Department's Instruction No. Paw.162/2566 ("Paw. 162") In September, TRD released Paw.161, indicating its intention to impose Personal Income Tax (PIT) on foreign-sourced income, generated in any calendar tax year, and brought into Thailand from calendar tax year 2024 onward. However, with the introduction of Paw.162, TRD has reevaluated its previous position presented in Paw.161. The revised focus is on collecting taxes from foreign-sourced income generated on or after January 1, 2024. Given this change, taxpayers need to engage in careful planning, including determining whether the income meets the definition of assessable income subject to Thai taxation, deciding when to bring in foreign-source income, and developing strategies to distinguish between income generated before and after January 1, 2024

So lol most of the shares I hold are under water rn, does that mean I can claim the loss and get a refund with this new proposed tax regimen? Or is it a case of 'we are interested in your gains not your losses, you get to keep those'?

What document did you refer to to come up with 21,500thb of tax on 600K of inward remittance? Cheers

being frustrated by a "potentially" impactful change in financial status, on Dec 7, when the change is due to implement on Jan 1, is not being unreasonable, imo. Wait for official advice...? there are only 16 working days left before this comes into effect and people need time to absorb it, understand impact, discover alternatives, make choices and then implement decisions....what is your turn around on that? What is the timing you need to understand from the RD what are the ROTR, and accomplish those tasks? If you can do it in a meaningful way in the days left in 2023, then I suspect a lot of companies may be interested in your skill set - or if its just that you are not cognizant of the steps, then well they would'nt be. A thinking person with options has a lot to get thru once the policy is formulated and delivered, in detail.

Good point. I guess in 2024, if the new regs are too unfavourable, one has the option to get out by June 28ish and chill somewhere else for 6 months, whether one can or not is a very individual decision.

I wonder if the actual legislation will also exempy cap gains taxes...ie are they trying to replicate (as much as possible) the tax regimes of countries they sign DTA with? Or are they looking for pools of income that they can tax - claiming that since your country does not tax you , we will? If there is to be an increase in tax like ths, there has to be additional services/privileges offered to long term residents, not just here pay more, everything else is static...imo

I have tried contacting them in a few provinces to get some more details, but response has been scant. We found some online content where people were discussing the implications, I will post it if I can get the link again (in Thai) but it also left many questions unanswered. It is a significant topic and the rollout is lacking - so hopefully there will be some more time added to the clock to get things better sorted. But this has got me off my butt and made a visit to Cambodia, next up is Laos then Vietnam...they are spots I used to visit more frequently and its about time I did again any way. Siem Reap has certainly changed in the past 13 years. Perhaps one of them have a similar program and there can find out how it works in those jurisdictions, among other things.

Wow, the sports league with some of the most entertaining content,never gets any love. Lol, an all Canadian outcome really.

So GC110 is on next Sunday (19th) Does anyone know of any places that will have a gathering to see the game? Cheers Winnipeg Blue Bombers vs Montreal Alouettes, first meeting between these two teams in Grey Cup history, imagine that.

BKK I dont know but suspect you could find s service at Fortune Town. I converted some VHS tapes to digital this year, using a shop on Sai 2 in Pattaya

lol, well we know what activities you should avoid as a hobby out here.

Yea I bought in 09, lived there for many years and now have rented it out for many years. Next month I will list it. It is a great place and a rare two bed two bath right in the centre (near Avenue an Sai 2), so it will be with a tear that I part ways with it but I am off in the jungle now and this is where I will stay for the next phase. Owning is the way to go, imo.

Except your granite counter that the "wink" builder is getting for you. Lol. Another rice palace goes up in Thailand. There should be a coffee table book showing the many that are built here.

He must be doing all this posting from that s$#@whole in europa....don't know why, he and his wifey hate Thailand so move along, why on this forum? Go to www francenow

Stop, you will make all the whiners even more whiney....lol

see ya, dont choke on a baguette

9 very auspicious number, Thais will be quite happy that they are #9. What do you think you rank, in anything? #3 mopey doomer perhaps? Just throwing stuff out there

Yes there are major sized places built as well, good point. I find that in many cases, they end up holding a lot of family, sometimes multi-family. But you are correct, they do indeed exist.

The country is lettered with rice palaces, some come here and are easy marks for the girls and get coaxed into building ridiculous homes that as you say, have no value at all in the market and are sinks, the money spent will never be realized again in the vast majority of cases, talking about in the countryside. In many provinces they have informal competitions to see who can get the biggest monstrosity built..all for bragging rights. Som nom na if one is to get swept up in this, everyone is (apparently) an adult. If you can read / speak Thai and are v close with any girls that are players, then you can find the online forums where they share their rice palaces for the competition. It occurs all over, but there are some hot spots...if you are in the Ban Kruat area it is a hot spot, some real beautes there lol.

yea I am most comfortble with walls rendered and painted, every cavity you make here is an inviation for pests of all kinds...the drywall idea would be a non starter for us....best of luck hope it goes well