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107
world wide income taxation update
As a renter, this is not news to me. It's been happening for years. Due to the massive over supply, rents are so cheap here, and there's constant downward pressure on rental prices. As I have said in the past, the money that it would take to buy the condo I am living in, if I put it in a bank in my home country, which pays around 5%, the interest more than covers the rent, so why would I buy? You can't really own a property here anyway. I have the money invested that returns more than 5%, so the figures are skewed even more towards renting. When renting, no taxes or fees to pay, no repairs, upgrades or maintenance to pay, and the freedom to move at any time, should your condo building become a Chinese AirBnB, or for any other reason, like a nicer condo that is even cheaper. The figures show the whole "rent is dead money" argument has been debunked, and has been for years. I hope they keep building, and building, and building. -
107
world wide income taxation update
I’m just using what they have already done in the past in order to speculate what they might do in the future. You too are speculating but taking the opposite approach with regards to grandfathering the deposit requirements. They could raise it to a billion baht and send everybody packing. But they benefit more from money being brought in from outside the country to increase their gdp rather than just trying to increase exports or increase the velocity of money within the country. “Be rid of him” and the condo and car gets sold and then very, millions of baht (10+ million for myself) leave the country. “Let’s be honest”….Do you really think they want that? I doubt it. Besides…later in life, instead of getting money for condos and cars, they get it for healthcare. They do after all bill themselves as a “hub” for healthcare tourism. Like I say…if history repeats (and it very well might)….they will grandfther the pensioners in. I’m sure they (the government) would prefer to keep the 800,000 in the bank than see it be repatriated back to the west. Hello! Reserve Ratios! You make it sound like they’re going to bum rush everybody to the exit. Would you care to step across the border (gambling is illegal in Thailand) and make a wager? Put your money where your mouth is. -
24
Thai tax tangle: Expats warned of new rules on overseas income
And just to add to that, were the TRD to go chasing around tracking down all us 'miscreants', they would find that most retirees won't owe them any money. Most of us are protected by DTAs in various forms or are drawing pensions that cannot be taxed in any other country anyway. The yield IMO would not be worth the effort and I wouldn't like to contemplate the anguish it might cause amongst the community. Let sleeping dogs lie is, by far their best policy. -
30
Spain plans 100% tax for homes bought by non-EU residents!
Leave it to me please 😚 -
121
what money is taxed 2024 ?
Dude, we are in Thailand, subject to Thai tax law. Not UK law, not French law, not Micronesian law. Don't care what THEY do. Don't care what THEIR forms contain. We follow Thai law, using Thai forms. The Thai language forms have been issued. The English versions, when they arrive, will not be different. Do you expect the potentially hundreds of thousands of Thai households receiving non-assessable remittances from overseas will have to refile in a week or a month, or perhaps the end of March when new English forms become available? Happen it will not. -
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