Pib

No annual renewals, unlimited multi exit/reentry, no 90 day address reporting, tax exemption, work permit if wanted even on a LTR Pensioner visa, etc. If you have the pension/income then why not apply for a LTR....and the LTR Bt50K fee works out to Bt5K/year over the 10 year visa. A 1 year Non-O with multi-entry permit would cost Bt1.9K+Bt3.8K=Bt5.7K/year. Other than being able to apply for a work permit for some 1 year visas, got any of above mentioned LTR benefits with a 1 year visa? Yes, yes, for many a 1 year renewal of a Non-O goes smoothly but for many it don't which keeps the AseanNow forums constantly abuzz....and the "every year" worry/concern of the renewal...what will possibly change for the upcoming renewal that arrives all too soon year after year.

I just noticed below red text note on the LTR website basically pointing out a person needs to meet LTR visa requirements "during the entire length of the visa"....pretty much just like a person say on a Non Immigrant OA visa needs to maintain the income and health insurance requirements throughout the entire 1 year period of the OA visa. Maybe that note has been there for a many months because after getting my LTR visa I don't check the BOI website that often. Now, to me this requirement "goes without saying" but there has been a good amount of talk regarding what BOI will request document-wise during the mid-term/5 year renewal point such as to if they they only request 1 or 2 years of documents like during the "initial" LTR Visa application or will they request 5 years worth for some requirements such as income/health insurance to ensure a person maintained visa requirements throughout the length of the visa permitted to stay period. As said, to me it goes without saying based on how immigration currently checks annual extension of stays for non-O/OA type visas where they need proof you maintained income/insurance requirement during the entire previous extension period. So it's probably best that a person maintain a copy of annual income and health insurance coverage for historical purposes just in case BOI/Immigration requires such proof during the mid-term/5 year renewal process. A mid-term process that no one really knows how it will be handled since it will be mid 2027 before the very first mid term renewal process occurs since the it wasn't until Sep 2022 when LTR visas first began being issued. https://ltr.boi.go.th/#type

That's just a laundry list of different visas possibly available to a person without any "details" as to the pros/cons/challenges/costs/etc., in obtaining and maintaining a visa.

They are interested in income, whether taxable or not. BOI knows some income is "non-reportable/non taxable" on a tax return...and it varies from country to country. So, if your tax return does not show all your income because that income is non-reportable/non-taxable by law then be sure to point that out in a memo....BUT be sure you can provide an official document that shows that non-reportable/non-taxable income as BOI will need to see that. What is actually best is where you provide official documents identifying your total income like pension certificates, bank/financial records, etc., and then your tax return if you have to file annually. Now the tax return many not reflect all you income and you explain why it does not in a memo. In cases like this a tax return is a secondary document to the official documents identifying your income.

According to below info weblink you declare/report the income on US 1040 Sechedule E along with expenses, depreciation, etc., which results in some amount possibly being taxable. But yea, the final amount from Schedule E appearing on the 1040 would give the impression of lower total income. That's where a memo pointing out income related issues can help explain to BOI. https://smartasset.com/taxes/rental-income-tax

Yeap...even an EA Anywhere 90KW charging station cable is a hefty, handful to handle cable. Can a lady do it...sure....but it takes some real effort especially in tight quarters. I'm a man and have used these 90KW charger several times and handling an EA Anywhere 90KW charging cable compared say a 50KW charging cable is like comparing the lifting of a 20 pound bag to a 10 pound bag of something. But a hefty cable is a side effect of bigger chargers....liquid cooled cables may reduce the weight but I haven't run across any liquid cooled charging cables in Thailand yet.

I'll guess 3,200 for BYD since they booked 5,455 at the 29 Nov-10 Dec 2023 Motor Expo 2023 (see pic at bottom). I just can't see the current, outgoing motor show booking numbers approaching the late 2023 motor show numbers of over 53,000 for all EV/ICEV manufacturers as I think potential buyers are gun-shy of buying right now due to the ongoing cut-throat pricing for EV and ICEV....that is, buy today and next month the same new vehicle will be Bt100K cheaper pis%ing a person off. Of course other factors will also probably suppress total numbers as a sales slump of EV and ICEV seem to be occurring right now in many countries to include Thailand...probably by mid 2024 the sales pace will start picking up again. But who really knows...my cloudy crystal ball gets it wrong all the time. https://www.motorexpo.co.th/exhibitors/profile/2449

That someone would need to include a short memo with his LTR application explaining that no income tax return is provided as he is not require to submit an annual tax return for reason(s) XYZ. BOI is very aware of income tax return requirements for many countries as to if and when a return would be required or not. Then the person will need to submit other income documentation such as pension statements/letters and/or various other financial statements to prove he meets the required income requirements especially for the pension/passive income. See below from BOI LTR website regarding LTR Pensioner documentation requirements. And even when that someone "did" have a tax return to submit but it showed less than the required income requirement because some of his income is "non-reportable/non-taxable" then that is when the other income documents come into play....actually become the primary documents to prove the required income and the tax return is just a secondary document. An example would be for a U.S. military veteran drawing a "Veteran's Administration (VA)" pension/benefit which could be tens of thousands of dollars per year---not one penny of that is taxable/reportable on a tax return per U.S. tax law....and the VA does not even provide an annual tax document because by law the benefit is not taxable/reportable. From BOI LTR website https://ltr.boi.go.th/documents/Required-Documents-for-Qualification-Endorsement-for-Wealthy-pensioner-16-03-66.pdf

Correct. The motor show booking/reservation stats up until today had a note code sayings those manufacturers with "slashes" for their booking numbers was due to some manufacturers having decided not to release their booking numbers until the end of the motor show on 7 March. That note seems to have disappeared now.

Any DC Charger is a fast charger....DC Fast Chargers start at 25KW and go up. AC chargers are limited to 22KW (it will be a 3 phase charger and a EV will only charge at that 22KW "if" the EV has a 3 phase onboard charger. Most EVs don't have a 3 phase onboard charger since in many countries 3 phase power is not that common so manufacturers don't waste money with 3 phase onboard chargers if its likely a person buying an EV in country XYZ where 3 phase power is not readily available. Now some EV do come with 3 phase onboard chargers. But when it comes to DC the onboard charger is not used as the DC Fast Charger (starting at 25KW) provides DC vs AC to the EV.

What are they then? And before you answer be sure to use the Charge Loma app to view chargers around Thailand...and be sure to set the filter to display DC chargers Only which will give you the map KhunLA posted. You can then click on any of those many, many, many DC Fast Charger pindrops to see a picture of the DC Fast Charger---several of which I have used.

Europe is being exposed to Chinese EVs at a very healthy rate....see below 27 Mar 2024 CNBC article...see link for full story....a partial quote also below. I expect governments in both Europe and US will continue to be lobbied hard to stem the growth as the Chinese EV manufacturers can simply produce quality EVs at a lower cost than European/US manufacturing their EVs in Europe/the US. P.S. Today in a trip to the mother-in-laws house my 5 month old BYD Atto reached the 10,000km point....other than a few very minor issues like experiencing some squeaking front brakes for about 20 minutes right after the EV had its 3 month/5,000km point in Dec 2023, an Infotainment system glitch right after an OTA update (the glitch was cleared by simply rebooting the Infotainment system), and "squeak" in the back seat when hitting certain bumps at certain speeds (the dealership fixed that in about an hour) the Atto has been a joy to drive. Smooth, quiet, extremely fuel efficient...most any potential customer should like that. European/US car manufacturers have very good reason to be afraid of Chinese EV manufacturers. https://www.cnbc.com/2024/03/28/china-made-vehicles-will-make-up-a-quarter-of-europes-ev-sales-this-year.html

So did BOI finally accept your US govt sponsored insurance coverage? If so, is that because the insurance company provided a special letter OR just some standard policy cover sheet?

That was noobexpat that had the query; not me.

95 pages?.... the two references I gave are a total of 5 pages long. 95 pages?.... the two references I gave are a total of 5 pages long. Maybe you are referring to the l....o.....n.....g AseanNow topic which indeed many pages long and continues to get longer as people express their opinions, etc.

What category of LTR a person wants to apply for will vary from individual to individual depending on their financials, age, whether they are 100% retired, maybe retired from their previous jobs but would like to also work in Thailand full or part time, etc.

Take a reread of the earlier provided references. That 17% tax rate only applies to the LTR High Skilled Professional category which is for those working for a company with a tax presence "in" Thailand....that 17% tax rate applies to the person's "Thailand-sourced" income. Their foreign-sourced income is still tax exempt. And they still have to have an LTR Work Permit issued which is all but guaranteed to be approved after the basic LTR visa is approved. The LTR Work Permit costs Bt3,000/year. . All the other LTR visa categories, like Pensioner, Global Citizen, Work From Thailand, etc., are exempt for their foreign-sourced income. But they too are authorized an LTR Work Permit if desired/applied for in case the also want to work for a company that has a tax basis in Thailand; however, the person's Thailand tax rate will be the standard rate(s) which can go up to around 35% vs the reduced 17% for the LTR HSP category.

No....there is a LTR-specific royal decree and a revenue dept directive issued under the revenue/tax code that exempts foreign sourced income like a person's foreign earned wages, pensions, interest, cap gains, etc., for those issued an LTR visa. See the Royal Decree 743 and Revenue Dept Notification 427 available at BOI LTR website https://ltr.boi.go.th/documents/Notification of Income Tax No.427 (EN).pdf https://ltr.boi.go.th/documents/Royal Decree issued under the Revenue Code No.743 (EN).pdf A DTA only exempts certain types of income and of course a there needs to be a DTA between Thailand and whatever country the person is a citizen of. Thailand does not have DTA with all countries.

Above is quoted from the advertisement for the new, lower priced Atto. https://autolifethailand.tv/official-price-byd-atto3-extended-range-my-2024/

Are you talking about Europe on planet Earth or another planet? Notice in the chart below the green color bars (partially or fully electric) are still getting bigger as of Jan 2024 while the brown color bars (ICEV) are getting smaller. https://www.reuters.com/business/autos-transportation/eu-new-car-sales-rise-12-yy-january-acea-2024-02-20/#:~:text=EVs - whether fully electric models,down from 53.3% in December.&text=U.S. EV pioneer Tesla (TSLA,in EU sales in January.

Just to ditto Tom100's post above. To self-insure for a LTR visa BOI is now looking for $100K equivalent in a bank acct for 12 months...proven by providing account statements for that 12 months period. The great, great majority of bank/financial firms provide a monthly statement although a few might only provide a quarterly statement. And acct statements are usually available right online going back at least a year....actually usually for years.

Yeap...the competition cut-throat pricing continues....not just for EVs for many ICEVs also. Can make a person gun-shy at buying anything right now...probably best to wait till at least mid 2024 when the cut-throat pricing should have settled down....prices are "not" going up anytime soon IMO.

This is what BYD considers the "free stuff.:

A 50KW DC Fast Charger may not be fast enough for some folks, but technically any charger that is a "DC", repeat, DC charger is a Fast Charger even if it's a mere DC 25KW fast charger. These DC chargers feed DC vs AC current to the EV DC charging port. AC chargers are limited to 22KW which feed AC current to the EV AC charging port where the EV's onboard charger then converts it to DC current...and 22KW and 11KW AC chargers require three phase power which most homes/locations do not have especially in Thailand. So, AC chargers are typically single phase 7KW chargers. Additionally, even when "most" EVs are hooked up to say a 22KW three phase AC charger the EV will only charge at approx 7KW since most EVs AC charging ports/onboard chargers are designed to only accept single phase AC current....and if hooked to a 3 phase 11KW AC charger most EVs will only charge at around 3.6KW once again due to the EV being designed to only accept single phase AC current. Note: I said "most" EVs especially for most EV sold in countries which predominately use single phase AC power (like Thailand), but in some countries where 3 phase home power is common then more EVs come with 3 phase charging capability. Varies from country to country, EV model to model as to if AC three phase charging is available. And another important thing that must be considered is the EV battery's "charging curve"...that is the max charging rate the EV throughout its charge level even if hooked up to say a 150KW charger vs a 50KW charger. While a DC charger may be able to pump out 150KW if the EV max charging rate is say 80KW then 80KW will be the max the charger will pump out for "part of the charging time (not all)." Below is the BYD Atto 3 60KWH battery charging curve using a 50KW and 150KW DC chargers. The blue line on the chart is the charging rate/curve with a 150KW charger and the yellow line is the charge rate/curve with a 50KW charger. Although the 150KW charger is three times more powerful than a the 50KW charger the 150KW charger will charge the EV from 10 to 80% only 16 minutes faster than a 50KW charger due to the EV charging curve that varies throughout the battery's charge level. Typically an EV battery will only charge at its "maximum" charge rate up until reach approx 40 to 60% charge level and then the EV starts limiting/stepping down the charge rate. Unless racing to the next charger hundreds of kilometers down the road a 50KW DC fast charger is just fine....a 90KW charger like a lot of EA Anywhere DC Fast Chargers is better....and finding higher level DC charger gets hard to do because a 50 to 90KW DC Fast Charger is just fine and fast for most any EV due to current EV "battery charging curves." Newer technology batteries will bring much fast charging curves but that still down the road after cutting thru all the battery and EV manufacturers' hype. Charge Curve for a BYD Atto 3 60KWH battery.

Outlets like you are talking about are typically a 220V/16A (3.5KW) circuits protected by a 20A circuit breaker in the main circuit breaker panel. That outlet may not be dedicated and has other outlets within the house using power off that circuit. What you could use is a portable (a.k.a. granny) charger that is usually a 10A (3.2KW) charger which is probably going to charge an EV at about 2.2 to 2.5KWH due to charging efficiency loss & how the EV onboard charger handles lower charging levels. Assuming some other devices in your home is also using juice on that circuit hopefully you have 10A of juice left over to power the granny charger. I have a BYD Atto with 60KWH battery and had to use the BYD provided 10A (3.2KW) granny charger for several weeks before I got my 7KW wall charger installed on a dedicated 40A line. When using the granny charger it would charge at a 2.2KWH rate which means it would take approx 27 hours to charge the EV battery from 0 to 100% which would give me a 480Km NEDC range (but more like 440Km real world). But say you only drive the EV say 44Km/day which would use approx 10% of your EV charge assuming it has a 60KW battery....to recharge that 10% with a granny charger it would take about 3 hours....or approx (rough) every 1 hour of charging adds 3% charge to the battery. Charge overnight say for 10 hours and you can gain approx 30% charge/approx 130Km range. Summary: a person can definitely get by just using a granny charger for typical day-to-day driving but you are going to be charging a lot with that slow granny charger if you want to keep the EV charge topped-up to nearly full charge.