oldcpu

No. I stated why it "could" (ie why it could be the extra work results in nothing happening). I never stated "will" . That is your deliberate misconstruing of another's post. I find it difficult to believe English is your first language given your inability to know the difference between "could" and "will ". Serious. Are you trying to invent someone to debate with by misconstruing their views? That is how it looks. Such misconstruing the views of others (when they state "could" as opposed to "will") shows a major effort on your part to deliberately misconstrue someone's elses post - probably to grind your own axe. As for reasons why such will (or wlll not) happen. I do NOT have reasons why it "WILL" or "WILL NOT" . OK? Lets be clear. As for reasons why it could happen, I think you stated such. OK? You really need to learn the difference between "will" and "could". I see no point in replying further on this, given you deliberately misconstrue what others state (or you simply do not understand differences in word use in the English language). EDIT: To help you here: "The main difference between "could" and "will" is that "could" suggests uncertainty or a conditional outcome, while "will" indicates a stronger intention or certainty." .

No. " will " is your words. " could " is the word I choose. Read again the relevant posts.

Did you mean this link: https://asianafrican.org/thailands-2025-global-income-tax-key-impacts-for-residents-and-investors/ The one you provided gives a 404 error.

I think I was clear , and you even quoted me on it, where i typed "Could a Tax Clearance Certificate happen for 1-year annual extensions happen? Possibly. And possibly not. This is Thailand and I have no predictions." I assume English is your 2nd language? There is an important distinction between "could" and "would" or "will". I specifically typed "could". And I typed "possibly" and "possibly not". I also typed "I have no predictions". That is a FAR CRY from "will not" . What part of that do you not understand? How can I explain that better for you?

I have no intention to sell. Still ... There is LIMITED land that can offer sea views (the sort of incredible view my condo unit has). So where there is a limited desirable location, the price goes up. That is market forces. Market forces - something I believe you also agree is a key factor - has driven up the price. So to claim "no resale value" (those are NOT my words - they are your words). So "no resale value". .... Serious? That is so wrong - I TRIED to be polite in reply but do you really want to go down this road of discussion, saying "NO RESALE" value, when clearly there is some resale value. Yes - possibly less value for some (although they do get some). And MORE value for others (who make a profit) - where as I pointed out, current sellers in the complex where I live are earning 35% on the original purchase value. That is VERY VERY VERY far your claim of "NO RESALE VALUE". Those (NO RESALE VALUE words) are not my words. Often, massive exaggerations do not help one's case in a discussion.

With respect, if I understood correctly that small part of your post that I quoted, that is not accurate. Yes many condos fall in value ( where I once read Thais prefer new condos). However some also go up in value, especially if the condo CJPM and Committee work to maintain and even improve the condo. Asking ( and selling/buying ) prices in the condo complex in Phuket where I live are about 35% higher than what they were 6 years ago.

We will need to wait and see. MANY predicted Type-O non-immigrant visa route would follow the path of the Type-OA visa and require health insurance. Opinions on this were INCREDIBLY STRONG. Has it happened yet? No. Could a Tax Clearance Certificate happen for 1-year annual extensions happen? Possibly. And possibly not. This is Thailand and I have no predictions. I think we will need to wait and see.

I hope such won't be required for 1-year extensions of Type-O/OA visas. The 'tax clearance certificate' is already on the books, albeit it was put in place years ago for those departing Thailand (and not put in place for annual extensions). Once can read about the certificate here on the Thai Revenue Department page: https://www.rd.go.th/english/23518.html While the certificate still exists on line, some time back (long before my moving to Thailand in 2019) its enforcement was stopped. Requiring such for an extension would mean more work for everyone ... more work for the Expat, more work for the Revenue department, and more work for immigration. So hopefully that will discourage any thought to tuning the certificate for extension approvals and discourage any implementation. .

I believe everyone does have to do a 90 day report, except for those on an LTR visa where it's an annual report for them. .. And departing Thailand and re-entering Thailand will reset the reporting "clock".

Fifth selection: I don't believe I am liable for tax, but my (tax exempt income) may be considered assessable IF I were to bring it into Thailand (even thou tax exempt). So being uncertain if a tax return may be required, I applied for a TIN, but since I am not bringing money into Thailand I was denied a TIN. (The reason I am not bringing money into Thailand is that I have funds adequate for a few years and I want to wait and see how the tax return submission requirements turn out in practice (for the majority of expatriates who don't physically work in Thailand and for LTR-WP visa holders) before I start bringing money into Thailand again).

My understanding is that the TM47/TM30 are one's registrations for immigration purposes. However those do NOT help when it comes to property tax for condo ownership in Thailand. For home (condo) ownership purposes (so to NOT pay property tax on one's condo in Thailand), I had thought (and still think) one needs to register at the local city district office that one owns a condo in Thailand and that this is one's 1st residence (home) when in Thailand. If one is thus registered as such at the district office , one then does not have to pay annual property tax on one's condo. Part of this (somewhat IMHO painful) process of registering results in one obtaining the Yellow book for the property. I believe only Thai citizens or falang permanent residents to Thailand can have their name in the Blue book. But I may have the above incorrect.

Indeed - it is complicated if funds all mixed in one account. I believe (albeit uncertain) that in the case of paying tax (on Capital gains) in Canada, one can at the end of any taxation year, declare a capital gain on a financial instrument, even thou one has not liquidated it. ie one would use (and keep) an official brokerage statement that notes on (say 31-Dec-2023) at year end the financial instrument was worth some TBD amount if it were in cash. Then AFTER declaring that on one's tax form, any subsequent change in valuation of that financial instrument would be a gain, or a loss. This leads me to speculate (where CLEARLY 'speculate' is the operative word) that if one has a brokerage statement for the close of business on 31-Dec-2023, can one then declare (keep a record) of that as the CASH value of that asset. And then add the declared/recorded 'cash value' together with any actual cash, to produce a 'total declared CASH' estimate value. After that the keep a spreadsheet of all account cash transactions (of money taken out). Once the cash taken out surpasses the 'total declared/recorded 31-Dec-2023' cash value, than any other amount must be income. Would that sort of tracking be acceptable? Possibly not. Possibly. Clearly this is PURE speculation by me - but I do note other tax jurisdictions allow one to declare a financial instrument's value without liquidating. I assume over the course of the next decade, how Thai RD treats such will (maybe) become more clear. .

Looking closer it appears those two above PDF links I posted are for year 2022 and year 2023 taxation years. One for year 2022 and the other for year 2023 (for LTR Highly Skilled Professionals). There is no way on that tax form to select any other LTR visa holder. For all I know (as I don't know) those forms could have been there for a long time.

Neither is there any Capital Gains if a large amount of the money was held in cash.

The Thai RD web site also gives this very similar looking PDF (its in a slightly different directory - it could be identical): https://www.rd.go.th/fileadmin/tax_pdf/pit/2566/271266PIT95.pdf Which also states "Highly Skilled Professional". Those forms do NOT appear to be intended for any LTR visa holder other than the LTR Highly Skilled Professional , but I don't know. I am no expert. And this is what I found via an "LTR" search. For all I know (or don't know which is likely more accurate) there could be other items which don't show up in such a search. It makes sense to me that LTR Visa Highly Skilled Professionals should be 'singled out' for a tax form, as I believe the Royal Decree indicates they (Highly Skilled Professional) need to submit a tax form. .

I don't know anything about this. After reading your post I went to the Thai government Revenue Department web site, and using their 'search' function I did a search for "LTR". It provided this PDF link: https://www.rd.go.th/fileadmin/tax_pdf/pit/2565/271265PIT95.pdf ... so yes, there does appear to be a tax form that mentions LTR visa ... But frankly - I need to 'digest' this a bit as it is not clear to me if this is applicable to all LTR visa holders. It might be. It might not be. It does state "Highly Skilled Professional" so maybe it is only applicable to such. I don't know (yet)

I have a yellow Tabien Baan. That is what I had in mind when I typed " where the person (Thai or farang) is the owner and registered as living in that property" ... I did not think it possible for a foreigner to register in the local city hall against a property (as their primary residence) without one having a yellow Tabien Baan (unless one is a permanent resident to Thailand). I guess I should have been more specific.

To the best of my knowledge, if a property (such as a condo) is one's primary residence in Thailand where the person (Thai or farang) is the owner and registered as living in that property, then no property tax for the property (condo for a foreigner) is due.

... and if they were 100% in cash on 31-Dec-2023? Do you still hold that opinion? How about 95% in cash? Do you still hold that opinion? How about 85% ? 75% ? 50% ? 25% ? I think you see my point.

Some years back I went for a Type-OA one year extension at same time my 90 day report was due. This was at Phuket Immigration. I didn't have to say anything. The IO immediately noted this, he entered some things in his computer, and handed me a slip of paper when next 90 day report due. So perhaps as suggested this is Immigration office specific or maybe even individual IO specific.

There are reasons. Instead of 90 day reports, one year reports. Access to fast track / priority line at airports immigration in Thailand, bypassing the economy class crowds lined up at immigration. Cheaper than a typo-O (with multiple re-entry) over 10 years. And in case of typo-OA additional advantage of self insurance and foreign health insurance acceptance (not possible with type OA). Of course the assumption is for LTR is one has the right financial status. If one doesn't have that then the LTR is not applicable.

At the 10 year point, when considering another 10 years I suspect advanced age or no future intent to reside in Thailand for many years ( where one doesn't expect to be alive or stay in Thailand another 10 years), or a negative change in one's financial status. Don't get me wrong. I prefer LTR over type O, but things can change in one's life.

It may be a bank tax ID number.

My view is to not worry about it. Others may have a different view.

No need to distort anything.