ukrules

I really wonder how good their Thai was, was it perfect?

Of course not, they're not stupid. This gift thing is obviously related to money that's already been taxed inside the country. If you send 10 million to your girlfriend she will have to pay tax on it, the same as you would if you send it to your own bank account. Assuming the money is already untaxed elsewhere of course.

Striving to become as busy as 2019 is admirable but I can remember that there had been a steep decline in tourism around these parts each year BEFORE 2019. So 2019 was not very good

I just wondered if it's illegal because I genuinely didn't know, apparently it is. Which means he's in a world of trouble.

Well there you go - it protected his trees and he did it deliberately. Is this kind of behaviour illegal?

This kind of pressure is created by the huge online shopping behemoths like Shopee Suddenly there's a shift in business from one courier to another and they have double the business they had the week before - with the same number of staff. I've seen it here in Hua Hin, which is a smaller place and they do seem to be handling it at the moment However about a month ago franchises of J&T seemed to get at least partially ditched by Shopee, one of the alternatives is Flash. Growing a company too fast often ends badly.

I think pretty much everyone see it this way. But if the rule changes on Jan 1, 2024 and of course nobody submits a tax return before Jan 1, 2024 then this rule would supposedly be in force before the tax return is due - just something to think about as we remember that it's all about how they interpret it. So when they say Jan 1, 2024 - could they be talking about the tax return due between Jan 1 and the end of March 2024?

I'll bet that you can and they will be rewarded with a tax bill exactly the same as you would.

This is for the UK from here but widely known : https://www.bdo.co.uk/en-gb/insights/tax/private-client/leaving-the-uk To summarise - if you don't go to the UK then you're automatically non resident if you spend less than 15 days per year there or 45 in a 3 year period. For me, I've spend about 1 week there in the last 15 years and that was about 10 years ago. You still have to pay tax on UK earnings though even as a non resident - for example - if you're renting some houses out, etc. Edit: I don't think this is a new thing since the UK left the EU but I'm not sure.

I am working on the assumption that this gift money would have to be already taxed as income inside Thailand and can't be gifted directly from some foreign bank account where you keep all your untaxed gains, do I have that right?

Even the O&G guys? There's quite a few of them and they only live here for one reason - no tax

I'm confused, did one of the victims die or not?

VAT will inevitably go up, which government does it is up for debate. They're in the debt building stage now though and it's all borrowed money.

What is flu medication? Are we talking antivirals like Tamiflu or just remedies?

What? How? Why? What did he do before he was 33?

How long until they begin offering discounted packages again? 6 Months? 1 Year? I doubt it will make it to 1 year without introducing new cut price packages due to them selling none.

Age related allowances might come into play here which is why I questioned it. The older you are, the less you pay, apparently.

I just entered a monthly amount into the UOB calculator which is available here UOB tax calculator : https://www.uobam.co.th/en/tax-calculation Maybe there's some allowances I missed but we're like 45/50 years old so I doubt there's much.

17k a year on 65k Baht a month?

I guess this is where the Elite visa comes in useful as I don't need to send any money each year at all. When doing the 6.5 months abroad to gain non residency during a single year I could send in enough money to cover all costs for many years to come once the conditions are right.

Oh yes, I've looked into this in some detail. Using the UOB tax calculator if you put in 50k Baht a month (600k gross / year) you end up with a tax amount of 21,500 a year for both me and the Mrs. Same amount in total, 41k total tax As there are zero deductions due to the completely untaxed status of my funds then I suspect it will be quite a simple form to fill out.

Yes, I know how it works, I've been alive for over 50 years. When you add up all those monthly payments that's what you put on the form for remittance. Your point? I worked out that sending just 50k a month to an account results in a very small tax amount per year - like 20k per person - I can live with that.

My mistake, I edited it. It is 100k a month as a minimum. Sometimes I bring in far more due to lazyness, for example - I want to buy some crypto and keep the foreign bank from knowing about it - just send the money to Thailand and use a Thai crypto exchange - I won't be doing that any more either.

Hence the use of 'up to 35% more' - I send 100k Baht a month so 1.2 Million Baht a year as an absolute minimum. This year I'm upgrading my Elite visa so that's an extra 500k Baht on top of this which is sitting in my account. If I wanted to buy something like a house or car then I would need to send extra - that extra will be taxed at the highest rate. I have 2 options at that stage, structure some kind of loan to get the money in, move to some other country for 6.5 months or just don't bother. Right now I'm just not going to bother for a few years and lets see where the chips fall. Also I'm not going to bring in that 100k a month, it will half starting January - I'll send the rest to the Mrs from the foreign bank and use up her allowance too. I pay zero tax anywhere elso so for me it's simple, double tax treaties simply don't apply to me. Also one other thing that most people seem not to have noticed, once you're resident in a country it can be hard to lose that status - this doesn't seem to be the case in Thailand at the moment. For example in the UK you need to make a clean break and the rules are long and complex and they even average the number of days present in the country over a few years. To make it so they can't be a UK resident even if they come for you that average needs to be below 15 days a year for 3 years. If we can get away with just going to Cambodia, Hong Kong, Japan, Singapore, etc for 6.5 months then that is a loophole which many super wealthy Thais will use every few years.

Apparently they want up to 35% more.