Yumthai

You can still top up your current MRT card until 1 April 2026, then it will be discontinued and unusable from 1 June 2026.

I've just tried to exchange my several years old MRT card into the new Mangmoom card. Teller answer: Foreigners cannot get a Mangmoom card as a Thai ID card is necessary to register. For non-Thai nationals the remaining choice is either buy single trip tokens (each time, with potential long queues) or use eligible EMV enabled bank cards for the journey. Thailand's clearly showing its intention to go forward discriminating further applying double standards between locals and foreigners (regardless of the decades they've spent living in Thailand).

Correction: FATCA is for U.S. persons (U.S. citizens + U.S. resident aliens who do meet the green card or substantial presence test.)

Indeed. But practically in the real life what's gonna happen IF the giftee is audited? Case 1: TRD: Is this inward international transfer from this account in your name foreign income? Giftee: No, it's a gift from my husband. TRD: OK. Case 2: TRD: What is this inward international transfer from Mr "Husband Name"? Giftee: It's a gift from my husband. TRD: OK, we're then going to audit your husband to check if this remittance should be taxed. OK.

I suspect the wealthy LTR holders will be the first to flee Thailand (or become non resident for tax purpose) if the worldwide income tax is truly implemented.

I believe a gift is a remittance to a third-party without direct compensation, unlike a payment for goods/service. That's why gifts cannot enter into the remittance tax scheme for the Thai tax resident gift-giver.

Beyond the interpretations even the written rules can be amended at will and frequently. Inconsistency and uncertainty are inherent to Thailand, that's the way it works here. At some point long term residents need to accept it and move on (or out).

Then in a fair reciprocity all worldwide bank accounts of the Thai diaspora who can't provide a documented and genuine home country address should be closed. That would be fun.

The one who set this rule should suppose every foreign national, like each single Thai people, gets obligatorily registered in a Tabien Baan equivalent. It couldn't be otherwise.

10K THB service fees.

Just try another branch/bank. Rules are not set in marble in Thailand and every little authority can have their own interpretation.

It seems to me the way the system will interpret the data keyed is that your home country address is at your daughter's home so it's still false information. Because you actually have no home country address and the IS is not encoded to record that, unless you could let blank or fill NA in the field "Home country address" which is apparently not possible. Anyway, no need to worry much about that.

When facing a situation that does not make any sense (requiring a home country address for people who did not set a foot for years in the country they happen to be born or used to live), it's IMO fair to provide an answer accordingly. In this case just a give a random address matching your birthplace.

That's the worst idea ever, but feel free to do so.

VAT/Sales tax is the only way to efficiently tax the wealthy and in absolute numbers they spend then contribute way more than poorer individuals. Actually the smart move would be implementing exemption/low rates to personal income tax (benefit the middle class) and set progressive VAT rates: 0/low rates for necessary expense to higher rates for luxury goods and services.

If this is the case, let's hope they will officially share (unlike what they indicated) this critical info to the other (LTR holders) customers who are not available to physically attend this meeting.

Basically, information is so sensitive that it even cannot be recorded nor shared to not physically present LTR holders. Be there or get lost!

According to this statement moving then selling stablecoins is tax free as there is no capital gain.

Considering your strong conviction, are you then currently shorting BTC with substantial money?

To find this in Thailand, you'll need your neighbours on four sides to be further away. That means a reasonable piece of land which, including a quality building standard house, will cost more than 20M THB in BKK. Except maybe in some areas quite far from the city center.

Not likely Indeed. "How to keep people employed and fed with tax money 101."

If the global economy is crashing, the main reasons are certainly not Bitcoin or cryptos.

Who knows. You might figure it out the day you're not able to scan pay for your coffee, app indicating that considering your overall health your caffeine intake is reached until the next week/month. That day you'll be happy to still have some cash in your pocket.

Life restrictions. Because they know who/where you are and what you do. There is no freedom without privacy.

The main reason governments implement QR codes is not people convenience, it's traceability then further control. There shall be an opt-in/opt-out option that makes QR codes transactions anonymous (as cash), it's technically feasible.