ukrules

In 2013 they introduced something called the 'Statutory Residence Test' in the UK so if you're not there for at least a certain number of days every year for 3 years in a row then you are automatically a non resident for tax - there is no choice involved. Do you have enough days per year over 3 years - if you don't then you're out of the system automatically - it's been this way for more than 10 years now?

That sounds like nonsense to me - don't you only list what you remit on the tax return right now. I would seek clarification from another tax professional as to why they think non remitted income has anything at all to do with the Thai RD in a year before it's remitted. If they changed it to global taxation then they're going to want a full list but right now that's not how it works.

Indeed, there is an exception though and that's if you earn money locally. they will want their pound of flesh even if you're working in Thailand for a week. That's not going to change your residency though - less than 180 days, even for Thai citizens is solid. Many other countries make it much harder to avoid any tax but in Thailand it's simple if you have no local income and are non resident.

You're looking for a Samsung Galaxy S24 Ultra, or one of the other S24 models with some additional storage added in using the spare memory card slot for the storage. Not sure on the rest of the specs but that's the best one and the prices seem about right. I just bought a new Samsung Galaxy Tab, cost about $850 here in Phnom Penh, I was kind of forced to buy it because my old Ipad Air was so out of date lots of things wouldn't work, new apps no longer support the old version and they don't allow upgrades so I dumped it and went with the Samsung this time around. That old Ipad is maybe 7 or 8 years old.

This is what I'm doing.

I already explained elsewhere on this forum why this is nonsense, it was in another thread a few days ago and I'm not going to post it again. But I will do a one liner. The US and Eritrea are the only 2 countries to tax globally while the citizen is NON RESIDENT - nearly all other western nations tax people who are tax residents on their global earnings. You are mistaken, I once thought this myself....like you, I too was wrong.

$250k isn't going to go very far when it comes to an owned and operated private jet after all the associated costs are taken into consideration.

I tend not to pay any attention to other people while shopping as I'm busy doing what I'm there for, so I have no idea if they follow me around or not and I don't care one way or the other. All they will see is a very good customer who spends way too much money and buys multiples of every item so I don't need to come back very often.

This practice is far from common or there would be many dropping dead every week. This would be the perfect cover for a poisoning murder.

You're confused, I will explain. Many countries tax on worldwide income regardless of whether it's remitted or not - pretty much every single 'developed western nation' on earth does it this way. Now the confusion part - they only do this while you remain a resident in the country, if you stay out long enough, which in some cases can be as short as a year depending on the income source then you will lose your tax residency - the key here is keeping out of the country and maintaining non residency. I know what you're alluding to and that's the two exceptions which are the US and Eritrea who tax their citizens worldwide income even if they are not resident - that's the difference here. If you lose US residency they're still taxing you, there are exemptions which are reasonably generous if you're a normal working guy but if you're doing well and bank a few million they they're gonna get you!

Nobody's taxing you on 5k of cash. But lets say you bought large amounts of cash in on a regular basis and went to one of the surrounding countries twice a week for a year and then attempted to change it all into Baht - how are you going to do that without raising an eyebrow? When you change money they ask for your passport for a reason and it all goes into a computer. I knew a couple of guys who were successfully attempting to convert a lot of illicit funds from GBP into Euro in England until the day when they were confronted about all their other transactions at diffferent branches around the region - it's all tracked, and this was more than 15 years ago. At this point it becomes laundering and tax evasion which is highly illegal and something to be avoided at all costs.

We both got 1 year business visas on our first trip earlier in the year. Used an agent, had it 'fast tracked' and got it back with next day service. Cost just under $1000 for the both of us, multi entry 1 year. Now here's the interesting thing - when you get stamped in with one of these 1 year visas there is no 'leave by date' in the passport - only an entry date. I'm told we can stay until the visa expires and potentially longer if we extend it in country Previously on our first trip we just got the 30 day business visa which is required to be able to upgrade to a 1 year visa - you can't get the 1 year business visa if you're on a tourist visa at the time - they won't do it!

It's 180 days or more for Thailand that makes you a tax resident. But you will only be taxed on money you remit into the country at the moment, maybe that changes in the future - they said they want to change it so they can tax your global income after 180 days which is how a lot of countries operate but who knows if they manage to get that through parliament.

My Mrs came down to Cambodia with me, she's here in the Phnom Penh apartment with me now. They can very easily leave and the 180 day rule applies equally to them....

There will be something similar, I've seen a few over the years - also it ain't going to be cheap but will allow you to do what you want.

Well not really, the Thai would have already paid his tax on the 1 million used to buy the car and the tax 'bands' are the same for everyone. You could say that many of us have been buying cars at a large discount due to not paying tax at all

Isn't it potentially far worse than that? What usually happens when the language in a contract is illegal? The contract is simply null and voided isn't it?

Ah yes, the old Tulip Bubble, lasted a short while once, the prices of these bulbs went through the roof, then crashed and never, ever recovered. There is a slight difference with Bitcoin In the early days Bitcoin went on a massive parabolic rally from literally $0.00 to about $32 depending on who/where you purchased it. Then it crashed back down to 1 cent - now that's where the story for tulips ended as after they crashed they never did recover. The market decides. Bitcoin however went on to reach new highs within a year and in 2013 it first 'topped' out at around $260 before crashing back down to $50, then it did it again but more than $1000 and it kept doing it over many years. The Tulip comparison at this point is completely retarded due to the above.

You would be quite wrong to think that.

I'm not sure what you mean here. I'm doing this already so yes, you could say I take myself seriously. A real 'cheap' apartment in Phnom Penh can be had for a couple of hundred dollars a month,but I wouldn't consider that for myself, it's not suitable for my situation. Mines $700 / month (25k Baht) while here in Phnom Penh, it's a spacious place, about 170 square meters in size (I measured it). 2 bed, 3 bath, just me and the Mrs living in it, decent building in a decent area named 'Toul Prom Pong' aka 'Russian Market'. I use the second bedroom as an office. Total rent = $8400 a year. You could easily spend $1 to $2k a month on rent here, depends on the area, the building and which floor you're on and how much you tolerate getting ripped off. Very easy to do and anyone can simply purchase a 1 year visa (even if you're under 55) for just under $500 through an agent, took me a few days back in May to get the visa and apartment all sorted out while I was here on my first trip this year back in May. I have to say I quite like it down here as well so I may buy a place at some point, who knows.

Two homes, two countries and a 2 week holiday in a third country like Vietnam and you're resident nowhere. No need for two wives, mine comes with me. Rent an apartment in somewhere like Phnom Penh for less than $10k a year Who wouldn't do this if it would save you hundreds of thousands of dollars in potential taxes?

In other news foreign giant Tesla isn't coming to Thailand any more.

There's plenty of room for 'escape', just make sure you don't stay anywhere for more than about 180 days per year.

People have been saying that Disney is evil for many years and it always confused me. This provides some clarity.

If that is what's happened then it means the government has been dissolved which means everyone is out, the new PM will appoint their own cabinet.