ukrules

Interesting from the point of view of a foreigner like me. If I were to take out a mortgage on a house in the UK or even just a reasonably large personal loan and send the funds here then I could prove that it's a loan (loan contract) but the transfer wouldn't be coming from the bank directly. The funds would be credited to my UK bank account as is usual with any loan and I would then 'wire' however much I require using swift. This is the first I'm hearing about foreigners being prohibited from receiving offshore loans, perhaps that restriction was only for the certificate allowing future repatriation of the funds - that's not something I would require. It's a for life kind of deal.

Lets say I borrow £250,000 which is currently valued at 11 Million Baht, it's definitely not income in any way shape or form, it's a debt. I then take this loan and transfer it to Thailand to purchase something like a house In this scenario would there be any tax liability under these 'clear as mud' rules when moving the funds into Thailand. No tax has been paid on this money because it's debt. This might be a novel idea to many but I can assure you it's a mechanism that's widely used around the world and for some very good reasons....... Thoughts?

No it's not, many people live in Thailand only because of this rule. It's not a loophole either, it's enshrined in law.

Where it says 'tax residents' that's anyone who stays more than 180 days a year and it will technically open a lot of us up to additional taxation, especially those who don't pay any tax on their income

Yes, it sounds like they're attempting to promote the TE visa by mentioning how people can benefit from the 'wire it into Thailand next year' thing. I suspect he's not coming after foreigners, this is going to be aimed at the wealthy Thais, whether we get swept up in it is another thing altogether and it will alter a lot of peoples reason for living here - or people will simply send less money into Thailand and invest elsewhere.

So it's just a proposal now......

I was wondering about that, was it worded the same before though and if the separate year thing is a different law/regulation then it may still apply. Also this seems a little bit odd considering it's September 18 today :

Are you sure on that about previous years income, there's various others in this thread who are suggesting that this is the precise 'loophole' which is being closed. A scenario which I doubt, but I would leave that to the accountants.

They don't tax all income earned abroad, it doesn't kick in until you cross a certain threshold which is not really that low. It's known as the 'Foreign Earned Income Exclusion' - when I say it's not that low I'm taking about $100,000 a year or there abouts but it seems to change on a regular basis. Of course this income would need to be taxed locally in Thailand Source - straight from the IRS : https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion

Happened to me once, the idiot who reads the meter entered the wrong number. There was absolutely no way to correct the mistake according to them so I just took the credit as a pre pay.

Weight has nothing to do with being 6'2

Maybe they also start measuring our leg length and issue better seats to those who are tall?

I also spent 1 night in a hotel last year and when I came back to Hua Hin I did nothing and the next 90 day report went through as normal. I guess it depends on which are you're in and how they apply the rules. I went there to get a new Thailand Elite visa inserted into my new passport.

Are they really any good?

Sounds like a classic case of corruption and you have the proof in your passport. Report it to the national anti corruption authorities - 'NACC Thailand' is their name. That cancelled visa in your passport is evidence of his malfeasance.

When? Vegans have been very political for a very long time (decades). Nobody who could be reasonably described as 'girl' could possibly be old enough to have started anything - look to those in PETA and similar organisations. Not all of them of course.....

The visa free entry situation is untenable without full reciprocity. If the Chinese don't allow the Thais into China without visas then they're 'sticking it to Thailand' because they know Thailand wants (not needs) the money this will bring. Also Thailand is still on the list.....

Do Thai people need visas to enter China?

I don't give a <deleted> what they do.

Maybe he decided to stick with American traditions. I stick with my own traditions regardless of where I am, they keep reminding us that we're not Thai - well this is a perfect example of that. Not thai - don't care for their nonsense customs and traditions. Doesn't this fall under the people trafficking laws?

It's a mystery, nobody knows so your guess is as good as anyones.

Email them and ask what you should put there, I have a feeling they will either tell you to leave it blank or just write 'N/A' or 'Not Applicable' there.

I use Firefox as my main browser and it mostly works just fine for me.

What happened to the gold?

Even google hasn't heard of 'aldoprome' apart from this thread - I suggest you double check the name of the medication as it doesn't exist.