
LivinLOS
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Everything posted by LivinLOS
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They wont, and exactly why I still prefer it and will reapply later in the year. 0% tax on non domestic income in law.
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As in my other post, I actually think it is more legitimate than the BOI as it is exempted in the royal gazette which I have not been able to see the LTR is.
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Single reasons would be legally agreed low or no tax on LTR categories and 10 years visa in 2 5 year chunks, no 180 day limits, and 1 year (90 day) reporting. I would still move tot he LTR for the tax clearance, I imported almost 5m baht last year without a tax record overseas for it (fully legal of course I pay taxes on employment elsewhere) as it was from global consultancy work while I reside here. LTR is still massively appealing for high earners.
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Talking 2 totally different things. 1) yes the BOI LTR categories can support a local work permit. 2) the BOI also claim (exactly like the Elite people used to and the 'agent' does above) that working for a non Thai company or freelance online is 'OK'.. When evidence shows that is wrong. As I have posted in other threads after my first BOI video call when they told me that, I went to my local labour office, who told me in 100% clear terms that no, online work is work and while they were not actively looking for people it wasnt legal. I went back to the BOI who again assured me it was legal, I asked them were 'in law' this was written, at which point the BOI rep started back tracking and said 'well we have an understanding with the labour dept, you cant get in trouble' I explained I had just spoken to the labour dept and they said it was not legal and that you could, I also said that as a lawyer he must realise something is either in the state as law or isnt, anything else is only poor enforcement of law and are you saying it is legal or simply unenforced? he got uncomfortable and squirmy in the video call and said it wasnt in law but it was ok, you wont get in trouble.. A very Thai style response and no different than the elite folks said early on (people deported for online work on the elite now) and people like the above poster have said for any visa class. As I was applying for the LTR I didnt keep pushing him but it was obvious at that point.
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Flat out incorrect, according to many many statements by the labour office, immigration, court cases (deported people doing exactly this), the BOI, the Elite people, the 'my mate nate' youtuber saga, may respectecd legal companies, etc. It is poorly enforced but if you are an agent and dealing with advising clients and claiming it is actually legal, everything you say is now suspect. Why do you think the royal decree on this states "work remotely in a special case as relating to this announcement" ??
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My belief is that is it 180 days as many times as you like (thats how ME's work now) with 1x a 180 extension possible (unsure cost, assume 1900 but I did read a 10k baht back when it was all a vague PR idea) and no more hence 360 days needing a border run. So like a ME TR is 60+30 as much as you like this is 180+180 as much as you like. I think thats a fair assumption to the process but we will discover.
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Theres downsides, especially if you dont travel.. The 2x 180 aspect.. For me its the working online legality aspect, I know this was unenforced but I want to be 100% compliant, I dont want to ever be in a position where someone can report me for some dissagreement, or answer why I have a full well equipped home office with files etc. I still think I will move to the LTR for the 0% tax aspect, I just needed a visa to come back with and thought I would give it a go.
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But it IS exactly like the tourist visa in respect of Thai employment. Remote work is listed as being a special case for this visa class as per its royal decree announcement.
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Thai employment is prohibited.. This class cannot support a work permit for incountry work The royal decree has a few lines of "work remotely in a special case as relating to this announcement" which is fair to assume means this really is tolerating online work, interesting the LTR royal decree does not seem to indicate this for the classes they say it applies to (or at least I cant see it). The DTV royal decree is here https://t.co/2BcD1bxPWf
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Muay Thai Gym reservation ?? I read someone applying because he 'intends to have surgery' under the medical class.
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Yeah.. the 5 year elites are not going to sell now are they !! It looked like under the 'soft power' category you can go to a thai cooking school and get 5 years.. Really is a wild option 5 year ME 180 days a pop (and 1x 180 day extension) but I travel a bit so that just fine by me.
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Honestly I am probably going to transition to an LTR pensioner end of the year, but I needed something to come back with and the novelty combined with the work permission questions, I just thought I would get this to see how it operates.. Something new to try.
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Company letterhead.. But lets be honest that can take 5 mins to make for someone so inclined. I have real companies in a few countries..
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Unsure if this is the first confirmed one or not ?? DTV issued from the London embassy already.. No contract of employment, just uploaded a letter explaining I own a company and my last years tax return for evidence. Do I seriously have to carry a piece of paper around for the next 5 years ?? To go with my TM30 and 90 days pieces of paper ?? Is that really the system. On my return I intend to go visit the labour office, the DTV is marked as most are 'employment prohibited' and my local labour office had told me when I quizzed them that the LTR visa (which the BOI also claims you can work on for non Thai companies) had no exemption in law and they considered working on it for an overseas company illegal.. I am curious what they say this time, as the royal gazette announcement for the DTV specifically says ""work remotely in a special case as relating to this announcement" so who is right here ?? We now have the DTV they encourage work on, the LTR the BOI says you can work on but when challenged after the above info was obtianed call it 'an understanding with the tax office', etc etc.
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Pheu Thai tries to regain public confidence after unfulfilled promises
LivinLOS replied to snoop1130's topic in Thailand News
He isnt.. Tacky is.. He (Tacky) needs to get a quick fix sugar rush into the economy to consolidate power and get control of the handles of influence. -
Old HNW (for 20 - 30 years ago) meant a million USD liquid.. In financial services these days HNW is the old VHNW 5m and up of liquid assets. If you think people with 5m DONT spend more than the 65k grumbling retirees or backpackers you are deluided.. You think they will go around in a beaten up camry or stay in 500b / 1000b rooms ?? Thats why Thailand wants them.
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First Phase of Southern Land Bridge to Begin by 2030
LivinLOS replied to snoop1130's topic in Southern Thailand News
Because a landbridge ships dont sail through it.. It is offloading, overlanding, and reloading.. -
DTV visa and expat tax issues (video)
LivinLOS replied to george's topic in Thai Visas, Residency, and Work Permits
It isnt tax free if you are here >180 days in the calendar year.. repeated entry or not doesnt matter.. Boomers get the LTR visas, tax free in law, unless this DTA also gets an exemption posted in the royal gazette its just as taxable as any other class if you stay here most of the year. -
Applying for OA in UK
LivinLOS replied to LivinLOS's topic in Thai Visas, Residency, and Work Permits
Annually (which makes calling the report 90 days a bit mad but yeah 😉 ) -
Thailand Unveils 10-Year Visa to Attract Top Global Talent
LivinLOS replied to webfact's topic in Thailand News
Theres multiple LTRs not only LTR retirement.. High Net worth, talent / high skilled and work from Thailand also -
Applying for OA in UK
LivinLOS replied to LivinLOS's topic in Thai Visas, Residency, and Work Permits
The costs incurred are less of a concern the time I need devote to immigration incountry.. I dislike that process intensely so if some costs like insurance and a police remote mean I dont need to, thats a deal I am happy with. -
Thailand Unveils 10-Year Visa to Attract Top Global Talent
LivinLOS replied to webfact's topic in Thailand News
Only on remittance tho.. Anything left offshore remains there tax free. It is the imported portion which is taxable. -
BOI LTR important to maintain qualifications
LivinLOS replied to Presnock's topic in Thai Visas, Residency, and Work Permits
Yeah too late now.. My travel would mean I couldnt collect any visa awarded.. Will revisit the whole idea later in the year, Maybe even Jan next year when I will have 12 months of clean passive income to show, in a super simple month by month same payment format. Of course the lack of a tax return might be it, but the BOI lawyer in the video call indicated as long as I could document it fully then it should work. He did understand living here and not bringing in funds same year means no filing. -
Even funnier is what about 'dry herb' weed vapes ?? So smoking weed is ok in every other format, but smoking weed in a vape isnt ??