ukrules

11 minutes ago, KhunHeineken said:

Instead of leaving for Cambodia for a long trip, have you considered getting the 6 or 12 month Cambodia visa, which is needed to open a bank account in Cambodia, then have your "considerable funds" deposited into the Cambodian bank account, and then do some "cash runs" in the same way many people do "visa runs?" 

 

You and the Thai missus can bring back to Thailand just under the maximum allowed, and it can be a short break away for a few days every now and then, unless you need the lump sum here for other reasons.  You'll still be a Thai resident for tax purposes, but just have no remitted funds.  

 

If you live near a boarder, one of the many casinos set up for Thai gamblers can be used as a couple of days away and a cash run.  There's no requirement to gamble. 

 

I go to the Singapore F1 every year.  I have a bank account in Singapore.  I will be ordering a reasonable amount of Thai baht to bring back each year.  Not enough to live on for the year, but just one strategy of a few I will be using that should see me pay little to none of this tax. 

 

With guys using legal strategies to minimize / avoid paying this tax, if some type of certificate from the RD is needed at extension time, it's going to be funny when the immigration officers all around the country ask, "What money you live on in Thailand?"  The reply from guys all over the country,  "Thai lady take care me." 

 

As I mentioned in the other thread, I suspect the Thai banks will not be too happy with this policy.  

We're getting either a 6 month or 12 month Cambodia visa after we both received online E-Type visas that can be converted inside Cambodia. I'll do the conversion next week I think.

When I do remit it will be a large amount as we are likely going to buy a place to live in but I'm not ready just yet.

Also I will send enough into Thailand to last me for years to come without remitting anything, or perhaps a minimum amount so I don't need to deal with this or repeat it for a long time.

You never know though, we might really like it in Cambodia compared to Hua Hin, but they also have a 180+ day system and it's far worse, apparently their law says they can tax worldwide income - but I believe it's not something that anyone has ever paid.

For the time being I would like to remain unregistered and continue to have no TIN and the only way I can see this happening and being legal is to make the move now.

Then I'll sit back and watch how it all unfolds

There are some potentially interesting events unfolding with the PM this week and with this place you never know how things will turn out.

On 5/19/2024 at 4:20 AM, roamer said:

This statistical analysis is similar to what is being seen in other large scale studies in Europe & the UK. It's a huge drop in heart failure deaths in vaccinated subjects who are subject to cardiovascular events.

Yeah, what if the normal cardio vascular / heart failure patients had already died of covid?

I'm sure it explains that, right?

10 hours ago, clarty boots said:

I made my application at VFS Bangkok 24th April and received an email on 2nd May to say it was ready for collection, so a very quick turnaround.

Damn, that is quick, they made me wait more than 12 weeks last time. Good job I renewed it with much more than the usual 6 months leeway remaining at the end.

Of course they were on strike, covid was a thing, etc all at the same time I needed a new passport.

Lol, this is going to backfire massively when the mass unemployment hits.

They must have liked the Covid lock down period over there - less work for the civil servive masters who run the country.

They will be broke of course but who cares right? 😁

17 minutes ago, brewsterbudgen said:

 

Seems a lot of trouble to go to!  Maybe your agent was trying to justify his fee!  

Nope, the fee was the same regardless of whether I had a full chanote in my name or not.

He entered the address and the Mrs name into a computer, clicked print and 2 minutes later it was a signed rental contract, simple as that.

His fee was in my opinion fully justified merely by going to Bangkok twice on my behalf, now maybe he had more than one passport application to process at the same time but I don't care, good on him. People have to make a living somehow.

I know it would have cost me far more to go to Bangkok and do it myself as I'm not making any round trip to Bangkok in one day so we're talking nice hotel fees, someone to drive me to Bangkok in comfort - twice - would have cost me multiples of what the agent charged.

So it was cheap and well worth it.

This proof of address is also complete nonsense.

You know what we did (my agent and me) - we made a rental contract from my 'wife' (I'm not actually married but have lived with so long I may as well be) - aka 'common law wife' in some countries.

The rental contract for where I live is in her name, so we had a new standard boilerplate contract printed out with her renting the house to me in my name and that was acceptable as proof of address. What a load of <deleted>.

Such arrangements are pure nonsense yet required due to bureaucratic overkill.

3 hours ago, AreYouGerman said:

Love it! And it was even possible to get a German dinner EVERYWHERE in the WORLD! Imagine that! It's magic! I am even traveling with my own bread baking machine!

I must admit I'm partial to a schnitzel once or twice a week but I mostly eat what would be considered 'international' food and I hardly ever eat anything Thai, except for the occasional curry.

I've also been here for 15 years and not changed one bit during that time.

21 hours ago, Mike Teavee said:

To take it to extremes I guess there is nothing to stop you taking all of your income (Dividends, Rent, Pensions, even gains from selling your house), buying assets with it, selling the assets & remitting the proceeds with no/little tax to pay.

An audit going back a few years would put a very quick end to that kind of practice for the audited individual

I'm going to do this but while non resident in the year of realisation and remittance, I'll also reset the cost basis of the investments that remain.

19 hours ago, Mike Lister said:

I think ultimately this person is a pessimist by nature.

This is my approach, to sum it up in one sentence : Hope for the best but expect the worst

11 hours ago, Sandboxer said:

 

You have the COMMON FLU.

 

But I do hope you get better. Flu sucks.

Influenza is far worse than this

16 hours ago, Mike Teavee said:

฿10 million THB (about $33,000 USD)

lol, 10 million baht is currently worth $270,000

4 hours ago, NativeBob said:

I think "a law firm should be able to oversee the deal" but not "participate as an agent with commission paid".

I think you missed my point. I would tell my lawyer to go and handle the agent and make sure the purchase is all above board and conducted properly.

The lawyer would be working for me, they don't get any commission.

Normally this would be called conveyancing.

1 minute ago, NativeBob said:

I see. That makes sense: if your market of "rich suckers" is different from basic tinglish speaking, than yes, they need a "native communicator". No matter that they often lie to prospects about "special visa", 6-7 return of investment, specal discounts and other BS.

 

Of course a law firm should handle any purchase.

Online work my arse

I'm going to book a flight with my debit card from Kasikorn. There's no name on the card but I have used it online.

In fact last week I used it to pay for a year of advert free youtube as the ads were annoying me.

When I look in the Kasikorn app on my phone I see that the debit card is listed with my full name along with the number, expiry date and security code.

Also - I would like to use this card while I'm down in Cambodia but have no trust that it will actually work - I don't believe anything the drones in the bank say. They told me before it would work about 10 years ago and it didn't.

9 hours ago, JimGant said:

Now, Thai fat cats, who have no DTA exemptions to hide behind, will feel the sting.

I don't believe that for one minute, they will do the same as a lot of us.

It's trivially easy to lose that residency status due to the 180 day rule whether Thai or not.

May 5 is just day 126 of 2024, day 180 is on June 28 this year.

Plenty of water in the sea, but they don't want to pay for the desalination do they?

8 minutes ago, Old Croc said:

The surfeit of English language reporting of all things Phuket may also be a factor in these cases being highlighted while they go unnoticed elsewhere.

Would be nice to have that clarified even once when this kind of thing happens but so far it's never happened.

59 minutes ago, webfact said:

 

The precise details of these charges are currently unknown.

They always are when these murky arrests happen at the airport.

3 hours ago, MartinBangkok said:

I've done it already. Not Cambodia, but not far from Thailand 😉

I'm not there yet but going pretty soon! Want to leave some room for a couple of trips back later this year with room to stay under the 180 days