Don't cut off the hands that feeds you

[khunjake]

1 minute ago, ChaiyaTH said:

A 2br 80sqm lake view with private direct elevator access in vietnam is like 25k lol

 

Right but that country is a dump. Spent a lot of time there for work and could not wait to leave that place for BKK.

[ChaiyaTH]

2 minutes ago, khunjake said:

Right but that country is a dump. Spent a lot of time there for work and could not wait to leave that place for BKK.

Ehm. Please provide some facts please? Its more clean here than bangkok. More modern, more cheap, more restaurant options, more fashion, more shops.

[Celsius]

41 minutes ago, RafPinto said:

I mentioned the wrong condo in Ekkamai.
Not Tree but Rhythm.
68m2 easy around 50-60k in rent.
If you only pay 22k, that must be in an old building.
Can you name the building you are renting in Ekkamai at 22k?

Would be interested.

 

The one next to Gateway ekkamai? Ok, but that room also sells for around 15 million up.

 

My building is around 4 years old, just a bit further from BTS as we have a car. Regardless the cost of the room is still 9 million and rent is 23k.

 

 

[ChaiyaTH]

3 hours ago, Celsius said:

 

The one next to Gateway ekkamai? Ok, but that room also sells for around 15 million up.

 

My building is around 4 years old, just a bit further from BTS as we have a car. Regardless the cost of the room is still 9 million and rent is 23k.

 

 

One must have zero brains to buy a condo or house of even more than 3 million here, rent is always better.

 

The buying moment 9/10 times is newbies with no clue, to then defend their decision after.

Edited October 9, 2023 by ChaiyaTH

[DrJack54]

3 hours ago, khunjake said:

Right but that country is a dump. Spent a lot of time there for work and could not wait to leave that place for BKK.

One man's trash is another's treasure.

Find your post pretty ridiculous.

It didn't suit you ...fine.

 

Added  note is that you worked there. Significant point. 

Don't tell me you were teaching there. 

 

Edited October 9, 2023 by DrJack54

[oxo1947]

6 hours ago, RafPinto said:

I am in touch with some friends who are/were considering to move to Thailand.

Oh Yer...........of course .....I mean some fantasy post you would just have to call BS  on.................................

 

[DrJack54]

6 hours ago, RafPinto said:

I will be very careful with what I buy here. Rent, don't buy.

New car? why

Travelling inside Thailand and getting taxed on the money I spend here? No, there are beautiful neigbouring countries

Run Forest Run.

Find your thread ridiculous.

 

[khunjake]

43 minutes ago, DrJack54 said:

One man's trash is another's treasure.

Find your post pretty ridiculous.

It didn't suit you ...fine.

 

Added  note is that you worked there. Significant point. 

Don't tell me you were teaching there. 

 

Not quite. Sold multi-million euros of gear to VPNT. Its still a dump..

[DrJack54]

2 minutes ago, khunjake said:

Not quite. Sold multi-million euros of gear to VPNT. Its still a dump..

What's your point.

Vietnam suits some and not others..

Same as Philippines.

Same as Cambodia.

Some people love those joints some dislike.

 

So back to the OP ...the tax issue is nonsense. 

[DrJack54]

5 hours ago, 4MyEgo said:

Capital appreciation on property here is not good in my opinion, so other investments which also have no outgoings are a sound bet as far as I'm concerned.

Exactly...

Re this thread what is it doing in "visa, work permit and residency" 

Forum.

It's a finance  business forum at best. 

[ChaiyaTH]

1 hour ago, DrJack54 said:

One man's trash is another's treasure.

Find your post pretty ridiculous.

It didn't suit you ...fine.

 

Added  note is that you worked there. Significant point. 

Don't tell me you were teaching there. 

 

Its just a plain lie and nonsense statement. Its cleaner here, they even have small sweeper cars.

 

there is more diversity in fashion, shops, restaurants, people, buildings and everything else too.

 

seen one rat in a week, see 10 per hour in bangkok.

 

and im not the anti person to downplay thailand on thailand too, its really just the truth, and next years vietnam only progress more and more.

Edited October 9, 2023 by ChaiyaTH

[RafPinto]

44 minutes ago, DrJack54 said:

Run Forest Run.

Find your thread ridiculous.

 

Solution.

Don't read it and focus on "your", visa forum.

[DrJack54]

19 minutes ago, ChaiyaTH said:

Its just a plain lie and nonsense statement. Its cleaner here, they even have small sweeper cars.

 

there is more diversity in fashion, shops, restaurants, people, buildings and everything else too.

 

seen one rat in a week, see 10 per hour in bangkok

As usual you completely misread my posts.

I'm huge fan of Vietnam.

First 7 years in Thailand I went to Saigon every month.

Yesterday I applied for multi 3 month eVisa to Vietnam.

 

Unrelated advice to others ..the eVisa application is soooo simple. 

 

Edited October 9, 2023 by DrJack54

[ChaiyaTH]

Just now, DrJack54 said:

As usual you completely misread my posts.

I'm huge fan of Vietnam.

First 7 years in Thailand I went to Saigon every month.

Yesterday I applied for multi 3 month eVisa to Vietnam.

 

Maybe you misunderstood me this time, i was confirming your reply on the other guy.

[DrJack54]

Just now, RafPinto said:

Solution.

Don't read it and focus on "your", visa forum.

I repeat ....attention seeking thread.

Recently covered in few other threads.

Perhaps you became inspired. 

[RafPinto]

1 minute ago, DrJack54 said:

I repeat ....attention seeking thread.

Recently covered in few other threads.

Perhaps you became inspired. 

Are you looking to become a "Moderator"

 

The visa section is not your domaine.

Don't read it, if you do not like it.
I do not need to invent something.

Do I get paid here?
Chase LiverpoolLou or others you constantly fight with.

Thanks

[DrJack54]

4 minutes ago, RafPinto said:

Don't read it, if you do not like it.
I do not need to invent something.

You are doing a back door Scaremongering and throw up couple of friends as a example re changing their plans.

Quite funny really 

[UKresonant]

7 hours ago, retarius said:

I just talked to an international tax consultant here in Thailand that deals exclusively with affairs of expats. He tells me not to worry and not to do anything. He said the law isn't changing, it has always been the law but it is being enforced now. he said that the government at present have no way of enforcing the law; that 'savings' except for the prior year, (which are really income and a frequent tax dodge), are exempt; he told me that my US SS payments are exempt under the tax treaty with the US. In short, don't panic, wait and see what the situation actually is before doing making any precipitous moves eg I was going to become a non resident for tax purposes for next year, ie spend less than 180 days here and give up my non-O visa (retirement). 

Your US treaty does seem to give much protection, but what about the poor British folk!

[ChaiyaTH]

26 minutes ago, RafPinto said:

Are you looking to become a "Moderator"

 

The visa section is not your domaine.

Don't read it, if you do not like it.
I do not need to invent something.

Do I get paid here?
Chase LiverpoolLou or others you constantly fight with.

Thanks

You didnt even give any replies or answers with facts, btch please ….

[Dan O]

8 hours ago, RafPinto said:

By now, everyone knows about the proposed taxes on "tax residents".
From "aliens" to "tax residents".

I am in touch with some friends who are/were considering to move to Thailand.

Friend one:

He sold his business a few months ago and is planning to move with his wife and 13 year old son to Thailand.
All taxes paid and doesn't owe anything.

He is in his early 50's.
He was very far ahead in his planning to move to BKK beginning of 2024.

 

He was in advanced talks to buy a nice condo in the Thong Lor area.

Price: 22,000.000 Baht

Furniture:

Probably another 2-3 Million Baht

Intended to buy a new Mercedes:

Price: 4,500.000 Baht

 

School fee for son:

Price: Around 750,000Baht a year plus extras

 

Private Health Insurance for the 3:

Around 120k a year

 

They love to dine out and travel.

 

So let's say: 28,500.000 baht straight spending on condo, furniture and car.
750k school

Average monthly spending including dining out and trips inside Thailand/ 

First year of staying in Thailand: 100kx12= 1,2 Million Baht.

120k health insurance

 

That's almost 31 Million Baht which would be spend in year one

He was applying to get a non-immi O_A

The money he would use to buy all things mentioned above come from his savings, accumulated in the years before.
No money from the  sale of his business would be used.

 

 

As he reads about the new tax, he is inquiring about the MM2H visa and probably move to Malaysia.

He doesn't like to mess around and wants to plan his futures around facts.

 

Another friend , already living in Thailand was considering to buy land around HuaHin (in his wife's name/Thai) and build a house. Quotes around 18-20 Million baht.
He also abandoned this idea and continues to rent instead.

 

Next person I know put a deposit down on a brand new BMW electric SUV: Price: Around 6 Million Baht.
Delivery early 2024

 

He got out of the contract, lost his 50k deposit.
No new car anymore.

 

The money they think they will extract from farangs and the money they will finally get..
 

Do not spend the money you do not have or think you will get soon.

They were expecting to get 20 Million Chinese in with a 2000Baht visa fee.
That's 40 Billion baht they were already planning with and spending it.
See: the 10k digital wallet which will cost 350 Billion Baht.

 

I will be very careful with what I buy here. Rent, don't buy.

New car? why

Travelling inside Thailand and getting taxed on the money I spend here? No, there are beautiful neigbouring countries.

 

Don't P.... off the people who feed you.
The Kasakhs, Chinese group tours will not save you.

 

 

 

 

 

 

 

Who are you trying to impress throwing all this numbers out? 

[Jenkins9039]

8 hours ago, RafPinto said:

By now, everyone knows about the proposed taxes on "tax residents".
From "aliens" to "tax residents".

I am in touch with some friends who are/were considering to move to Thailand.

Friend one:

He sold his business a few months ago and is planning to move with his wife and 13 year old son to Thailand.
All taxes paid and doesn't owe anything.

He is in his early 50's.
He was very far ahead in his planning to move to BKK beginning of 2024.

 

He was in advanced talks to buy a nice condo in the Thong Lor area.

Price: 22,000.000 Baht

Furniture:

Probably another 2-3 Million Baht

Intended to buy a new Mercedes:

Price: 4,500.000 Baht

 

School fee for son:

Price: Around 750,000Baht a year plus extras

 

Private Health Insurance for the 3:

Around 120k a year

 

They love to dine out and travel.

 

So let's say: 28,500.000 baht straight spending on condo, furniture and car.
750k school

Average monthly spending including dining out and trips inside Thailand/ 

First year of staying in Thailand: 100kx12= 1,2 Million Baht.

120k health insurance

 

That's almost 31 Million Baht which would be spend in year one

He was applying to get a non-immi O_A

The money he would use to buy all things mentioned above come from his savings, accumulated in the years before.
No money from the  sale of his business would be used.

 

 

As he reads about the new tax, he is inquiring about the MM2H visa and probably move to Malaysia.

He doesn't like to mess around and wants to plan his futures around facts.

 

Another friend , already living in Thailand was considering to buy land around HuaHin (in his wife's name/Thai) and build a house. Quotes around 18-20 Million baht.
He also abandoned this idea and continues to rent instead.

 

Next person I know put a deposit down on a brand new BMW electric SUV: Price: Around 6 Million Baht.
Delivery early 2024

 

He got out of the contract, lost his 50k deposit.
No new car anymore.

 

The money they think they will extract from farangs and the money they will finally get..
 

Do not spend the money you do not have or think you will get soon.

They were expecting to get 20 Million Chinese in with a 2000Baht visa fee.
That's 40 Billion baht they were already planning with and spending it.
See: the 10k digital wallet which will cost 350 Billion Baht.

 

I will be very careful with what I buy here. Rent, don't buy.

New car? why

Travelling inside Thailand and getting taxed on the money I spend here? No, there are beautiful neigbouring countries.

 

Don't P.... off the people who feed you.
The Kasakhs, Chinese group tours will not save you.

 

 

 

 

 

 

 

Similar here.

[ukrules]

12 hours ago, 4MyEgo said:

I have been earning 7.65% tax free from my investments this year, which is considered one of the worst in the 8 years that I have been investing, but am grateful, as it is a good return on money invested by me.

Indeed, based on the rents mentioned at the top of this thread they seem to be yielding 3 to 5% - and that 5% appears to be the lucky one.

 

When the yield is 3% you know someone got ripped off if they paid the asking price for the condo - of course those asking prices are nonsense anyway.

[BusyB]

14 hours ago, ChaiyaTH said:

Yeah its not easy to leave thailand after you invest years to feel “home” but it becomes more and more clear to me making that move too. 

All of life is uncertainty and impermanence. Once you've cracked that it's a gas.

[Ben Zioner]

OK, so, why would people come to live Thailand, where an 80 sqm condo costs  2000 USD to rent, a bottle of wine 20 USD  and a  steeply progressive income tax applied to you income?

 

For god's sake, just  stay home. Even for holidays.

[newbee2022]

I'm just asking for a friend:

What do we know precisely about a new law concerning taxation in 2024??? 

Somebody got the text already in his hands?????

[Nemises]

19 hours ago, RafPinto said:

…sold the house and bought in VN. Not more looking back at TH.

A retired foreigner cannot own a car in VN, so it’s a big NO to VN. 

[RafPinto]

6 minutes ago, Nemises said:

A retired foreigner cannot own a car in VN, so it’s a big NO to VN. 

And in Malaysia, you can import your own car.

[YaiJung]

Move to Malaysia instead of Thailand over this tax issue....hahahaha....thanks for the good laugh.  It's always good for a chuckle when expats in Thailand threaten to move to Malaysia.  Of all the countries in the world Malaysia.....LOL

[RafPinto]

7 minutes ago, YaiJung said:

Move to Malaysia instead of Thailand over this tax issue....hahahaha....thanks for the good laugh.  It's always good for a chuckle when expats in Thailand threaten to move to Malaysia.  Of all the countries in the world Malaysia.....LOL

Keep horses back.
I did not say that I move to Malaysia.

And by the way, I have a 5 year visa stamp in my passport. I can leave and come back as it suits me.

[Gottfrid]

22 hours ago, RafPinto said:

Don't P.... off the people who feed you.

You are going on about foreigners living in, and moving to Thailand, like this is the big economy for Thailand. That is pure rubbish!! What you are talking about, is just a drip in the economic ocean. Thailand makes more money out of only Chinese tourists, than they do from all the expat community in Thailand. You are so far from the truth as you can be!

Let´s say like this. There are approximately 160k expats living in Thailand. Most of us do not spend that much on car, school nor home/condo/house. Let´s make a high estimation, at 2,5 million baht per foreigner regarding car and house in general. that would be 160 000 x 2,5M = 400B baht. This number, is also what expats have been contributing to during a period of more than 30 years. Something that would make it approx. 13,3B baht per year.

After that it will be 60k baht per expat x 12 month. 720 000 baht x 160 000 = 115B baht per year. Gives a total of, let´s say 130B baht per year.

Looking at numbers from 2019, only the Chinese tourism generated 400B baht in a year. Thailand tourism is on the rise again, and will surely reach 3T baht per year in a couple of years.