Yumthai

Completely compliant with remittance guidelines. No Thai tax payable on remittance of capital. IMO This is unlikely to happen but one could argue TRD could ask and check source of funds history if they are aware the asset you sold was bought in the same calendar tax year (for instance all transactions appear on a brokerage account statement).

Then, since you have several millions THB saved in Thai banks tax should be the least of your concerns for a (long) while.

So why on earth are you suggesting a modest flat tax rate for all those who can't afford an LTR or avoid the taxes? Does it sound fair to you?

So you acknowledge that, with LTR visa, Thailand is blatantly and openly laughing at us telling: "Hey foreigner, if you are wealthy enough you can reside in our beautiful country tax-free on your foreign remittances, otherwise -if you're too poor- you'll have to file and pay taxes (potentially up to 35%) as any other resident." You say you don't want to pay taxes either but, as you apparently can't meet LTR financial requirements, you're suggesting that all the other less privileged slaves resign to accept their fate by paying a modest flat tax in all fairness. Am I getting it right?

Gifting in Thailand is still a legal tax loophole, as much as getting a loan from your offshore assets as collateral or getting an LTR visa that exempts from tax your foreign sourced remittances.

Indeed, I know how the things work here and it's fine for me as I play by Thai -informal- rules. Whining is out of question. What is weird is to keep seeing a bunch of long-term foreigner residents sticking to behave by western rules/mindset, like trying endlessly to fit a square into a circle mold.

In EU, US, and I guess the other OECD countries, tax residents (foreigners and citizens) get roughly the same rights/benefits. Which countries do you have in mind?

In most countries being tax resident as a foreigner will grant you the same rights and benefits as the nationals.

At extension renewal, how about the "800K maintained 2 months prior/3 months subsequent application" rule?

Nonsense. A TIN is not always mandatory for the simple reason that some countries do not issue TIN or do not required its residents to have one if they have no taxable income. For instance, a Thai tax resident can open a brokerage account with IBKR or Charles Schwab International without providing a TIN.

If life was that simple and straightforward everyone would end up millionaire. Good that recipe worked for you, however you do realize that unexpected events happen in most people's life achieving partly and often annihilating any long-term plan.

Well not everyone knows how to plant money trees.

Best post so far, you've well summed it up.

Sorry, I don't get out much and live a very simple life. I was referring to retirees here not the younger crowd. Are you not retired? You'll be surprised once again: most of the foreign retired community residing in Thailand does not have 20 years living expense in savings to live off.

I suggest you get out more and mix yourself with the real world.