NJHOUSE

You do not know what you are talking about. You are spreading misinfo. On 20 November 2023, the Thai Revenue Department issued the Revenue Departmental Instruction No. Paw.162/2566 ("Paw 162") as further guidance for interpretation of Paw 161/2566. This Paw 162 added paragraph 2 of Clause 1 of Paw 161 to clarify that foreign-sourced income earned before 1 January 2024 and remitted into Thailand from 1 January 2024 onwards will not be subject to personal income tax. In other words, the foreign-sourced income earned by Thai tax residents prior to 1 January 2024 will not be required to include the calculation of their Thai personal income tax, even if such income will be remitted into Thailand from 1 January 2024 onwards.

I think this is incorrect. Anything earned before Jan 1, 2024 is exempt from tax even if you bring it in, doesn't matter when (last year, yesterday, today, tomorrow). Please point me to where this has changed?

You already know what triggers a tax, how to avoid it, etc. Let us know how many times you have to remind your brilliant tax expert of the ins and outs of this new tax scheme during your paid meeting. Try not to be too disappointed as you walk out of there.

Waste of money. Your meeting will yield no new insights.

I agree with you but land goes for much more than 400k a rai if located on a major road with wide road frontage.

So now you come out as a proponent of a weak dollar, just like Trump. So your argument is now completely nonsensical. You basically flip flopped. As for wanting a strong dollar, it's kind of an expat thing. Labeling Americans with pensions or social security benefits as sex tourists? There you have it folks... if you want a strong dollar, well then, you are a sex tourist! I'm done with you.

And go ahead and check the US Dollar Index from Nov 2016 to Jan 2021 and you will see that the greenback dropped considerably against a basket of major currencies.

Trump was frustrated back then, with the Fed, and wanted a much weaker dollar using lower rates but the Fed resisted. He gets in again and the dollar will certainly weaken significantly. It is his stated playbook. Google "Trump weak dollar" and you can educate yourself. Google "Trump strong dollar" and you can't find anything resembling reality. You are clueless.

By your logic, COVID only weakened the dollar and not other currencies? Why is that? You are a low information voter. Trump has said many times he prefers a weak dollar. He even put a lot of pressure on the Federal Reserve to lower rates while he was in the Whitehouse. You cannot be helped and will remain a low information voter.

I wonder if American expats here realize that Trump is going to significantly weaken the dollar if he gets in again. He has made it clear that he prefers a weak greenback. Check the exchange rate from the Nov 2016 election timeframe and you'll see the dollar was buying over 35 baht. By the end of his term, the dollar was dipping below 30 and almost lost the 29 handle right around the January 6th insurrection. Anybody care about their purchasing power? How's that pension going to work out for you when we are back down to 30 and below?

You have to understand that most Thais have no presence of mind whatsoever so of course they are rude throughout the day. They are not even aware of all the inconsiderate things they do hour by hour.

@Mike Lister: Mike I cannot follow everything written so sorry if you've made this clear but do you recommend getting a tax id number and/or filing a return even though according to the law I do not own tax since the money I remitted is from savings...Reason I ask is because the remitted funds were rather large amount. thanks

go back home and no more 1 hour meetings with young ladies

Have a 7 year old Ford Ranger here. I bought it new. So, speaking from experience, I would not buy another Ford.

Bob you are spot on with this comment. Could not agree more. The reality is so different from what tourists see, hear and experience that it really boggles the mind in many ways.