Bye bye Thailand, thanks for nothing!

[OneMoreFarang]

On 12/8/2023 at 9:41 AM, ujayujay said:

in certain places the property market will collapse

Really?

Where?

 

I think it's funny when some farang think without them Thailand would collapse. It doesn't. 

[WebGuy]

Man, just relax and enjoy Thailand. They always announce things. You are not alone

[Prubangboy]

2 minutes ago, EVENKEEL said:

 

 

Not sure what gov services the Thais are paying for me.

If you flush your toilet, you're using their infrastructure. Stop lights? That costs money.

 

This is the usual pretending not to understand loser blather. Your whiny "not sure" gambit is the tip off that you know you're a freeloader.

 

And I thank you for your late entry "I'm a big spender here and the Thai's owe me" obligatory AN post. While you may indeed be rocking your world in Roi Et, all expat remittances are not even a rounding error in an economy this size.

 

Again, the fearless seer, Swissie, foretold this all long ago. Hopefully, he will pop in here with more painful truth.

[Ralf001]

14 minutes ago, Presnock said:

Well, the problem is not that they claim a different meaning, it is the "Thainess" of the meaning for the tax law that THEY are writing.  And that should still be "earned" income which means something entirely different to them and us maybe.

 

 

In the UK, the pension is classed as income (I suspect the same in most countries) and is taxed accordingly.

How exactly can/would "Thainess" come up with a different meaning ?

 

FWIW income from abroad was always supposed to be taxed, this is not a new thing "Thainess" has come up with.

 

However tax was only applicable if it was earnt in the same year it was brought into Thailand.

 

[Ralf001]

17 minutes ago, Jingthing said:

It can actually be complicated to define what is income.

 

A UK pension is classed as income in the UK and taxed accordingly.... not overly complicated as to how the Thai's also define it as income !!

[Ralf001]

8 minutes ago, Prubangboy said:

If you flush your toilet, you're using their infrastructure. That costs money.

 

 

 

The cost of "infrastructure" is not calculated into my monthly water bill ?

[Srikcir]

23 hours ago, ujayujay said:

Why are pensioners with low pensions in particular penalized by the new tax system for foreigners!?

Not just low pensions but high pensions as well. Say your pensions is 2.1 million THB equivalent per year and with tax exclusions and reductions, your foreign country's income tax rate of 20%. Under the tax treaty you can deduct foreign taxes against your country's tax liability as a credit. But your tax rate in Thailand is 30%. So you have a net tax increase ... in Thailand.

[ujayujay]

1 hour ago, Fr87 said:

 

I would like to single out this post and agree. Those are standard Thai tax rates. The person stating that it was a joke is the joke

Oh, you think there are different income tax rates for Thais and foreigners...how clueless you must be😂😂😂

[Prubangboy]

As a former Infrastructure policy specialist, I can assure you that your modest contribution via your bill to capital projects is very minimal.

 

Pretending that your few modest fees, $22K in the bank, and local spending is even close paying your way here borders on the zany.

 

You had a free ride when they semi-needed you here. But like artist types who one day wake up to find a dentist living in the loft next door, things change.

[1happykamper]

I understand your concern... but think about it... how will we be taxed? Except for a drivers license I have no Thai ID... will I get a thai ID in order for them to collect taxes? I doubt that. If I did... Great.. Free Healthcare. 

 

It's an idea that couldn't be implemented. 

 

However... If I had 800k in savings account.. Then taking taxes is easy.. Buy the backlash would be huge! 

 

One more Thai government brainless stupid idea that can't be implemented. 

[Ralf001]

1 minute ago, 1happykamper said:

I understand your concern... but think about it... how will we be taxed? Except for a drivers license I have no Thai ID... will I get a thai ID in order for them to collect taxes? I doubt that. If I did... Great.. Free Healthcare. 

 

It's an idea that couldn't be implemented. 

 

However... If I had 800k in savings account.. Then taking taxes is easy.. Buy the backlash would be huge! 

 

One more Thai government brainless stupid idea that can't be implemented. 

 

You would have to get a Thai Tax ID.

 

No free healthcare for you champ, thats only for employed people !!

[1happykamper]

7 minutes ago, Ralf001 said:

 

You would have to get a Thai Tax ID.

 

No free healthcare for you champ, thats only for employed people !!

.. It was written as sarcasm ✌️

[Ralf001]

Just now, 1happykamper said:

.. It was written as sarcasm ✌️

 

But the stupid walk amongst us and will read it as fact.

[ujayujay]

44 minutes ago, OneMoreFarang said:

Really?

Where?

 

I think it's funny when some farang think without them Thailand would collapse. It doesn't. 

Talk about the Property Market.........Dream on little Dreamer

[Prubangboy]

Just now, ujayujay said:

Dream on little Dreamer

 

They'd miss the cheap labor Myanmar people a lot more than they'd ever miss us.

 

We are but mere hood ornaments on the engine of the Thai economy.

[Wrwest]

On 12/8/2023 at 10:14 AM, worgeordie said:

Your jumping the gun , wait till something happens ,they say they are going to do a lot of

things (the Government) they do u-turns when they realize it's a stupid idea , happens a lot.

if it does ,but doubt they are going to tax your pension ,they would know what would happen 

if they did that.......

 

 

regards Worgeordie

 

Agreed.

[ujayujay]

4 minutes ago, Prubangboy said:

 

They'd miss the cheap labor Myanmar people a lot more than they'd ever miss us.

 

We are but mere hood ornaments on the engine of the Thai economy.

You seem to be an economic expert......as we all know, the Thai economy is currently on an absolute high

[Prubangboy]

11 minutes ago, ujayujay said:

You seem to be an economic expert......

You seem to think Thailand cares if you stay or go.

 

So will there ever be a moment where Thai people are rueful and regretful about losing say, 10,000 low end expats?

 

And will we ever be privy to that sweet schadenfreude?

 

Or is this just some feverish revenge fantasy confined to your own head?

 

I gotta go with: No, No, and Yes.

[Jingthing]

57 minutes ago, Ralf001 said:

 

A UK pension is classed as income in the UK and taxed accordingly.... not overly complicated as to how the Thai's also define it as income !!

That's one example that is simple. 

A thornier example.

Withdrawals from US traditional IRA accounts are fully taxed as income in the US.

I determined they are not seen that way in Colombia. 

I have no idea how Thailand would view that.

As I said US social security is not fully taxed. It's based on a formula which can reduce the tax to zero.

Will Thailand respect that formula?

Again this is not simple. 

 

[Geir Rasch]

On 12/8/2023 at 9:41 AM, ujayujay said:

Why are pensioners with low pensions in particular penalized by the new tax system for foreigners!? Does the Thai government actually believe that this will result in more tax revenue at the end of the day? There will be an exodus of expats with the result that in certain places the property market will collapse and the purchasing power of those remaining will be reduced by the amount of tax they pay! This, in turn, affects small businesses that have been hit by the poor economy, which can then pay less taxes or have to go out of business! The fact that this whole story is being treated by the government like a secret mission (little information until Zero in the media) suggests that those responsible are not convinced of their case! In any case, I say no to the state raid on my pension and say byebye Thailand!

What is your opinion?

 

Why all this worry about thai tax. If your home country have a tax treaty with Thailand you should not worry. Tax treaties is to avoid double tax. Following the rules your total tax will not increase, for many it will reduce.

[Huckenfell]

On 12/8/2023 at 1:02 PM, beautifulthailand99 said:

Thailand has always screwed the poor that's why it's so cheap to live here relatively. As a quid pro quo though they should probably have just one price at the parks and attractions. After Covid virtually every counrty is in big trouble, half the councils in Britain are going bust as well as most of the public servies in one way or another so it's not surprising that every goverment is looking to shakdeown all the money that they can.

That is "for sure" concerning the Labour government here in Queensland which has committed us to an Olympic Games in which we were never given the chance to have a say. Incidentally, the majority do not want it, knowing that we cannot afford it.

[Prubangboy]

7 minutes ago, Jingthing said:

 

Withdrawals from US traditional IRA accounts are fully taxed as income in the US.

I determined they are not seen that way in Colombia. 

 

 

'Would love to hear more about your tax research in Columbia, which does not have a tax treaty with the US.

 

But Thailand does. So it's super-likely it will follow along with US rules on taxable income.

[JimTripper]

2 hours ago, Ralf001 said:

 

how do you figure it is a joke ?

 

Not if you're lesbian.

[CygnusX1]

50 minutes ago, Prubangboy said:

As a former Infrastructure policy specialist, I can assure you that your modest contribution via your bill to capital projects is very minimal.

 

Pretending that your few modest fees, $22K in the bank, and local spending is even close paying your way here borders on the zany.

 

You had a free ride when they semi-needed you here. But like artist types who one day wake up to find a dentist living in the loft next door, things change.

Expats are bringing money into Thailand that they earned in another country, and for those receiving pensions, continuing to transfer money from a foreign government into Thailand. Surely a win for the people of Thailand. They’re like 52 week a year tourists. One week tourists also use and benefit from Thai infrastructure, but it seems generally agreed that tourism benefits a country’s economy. You seem to be claiming that unlike short term tourists, the usage of infrastructure by long term expats far outweighs the money they directly move from other countries into Thailand. You’d have to give some evidence for this, doesn’t seem logical to me.

 

[Prubangboy]

7 minutes ago, Geir Rasch said:

Tax treaties is to avoid double tax. Following the rules your total tax will not increase, for many it will reduce.

Can you give an example of how someone's total tax bill might decrease under this scheme?

[Prubangboy]

3 minutes ago, CygnusX1 said:

They’re like 52 week a year tourists. 

 

Yeah, the word for that is resident. Specifically, tax resident.

 

Just like where you come from, just like the world over.

 

As to the rest of it, it is self-evident that people who live here 52 weeks a year use more services than 2 week visitors.

[ravip]

Why are pensioners with low pensions in particular penalized by the new tax system for foreigners!? 

 

Well, if the Thai government is penalising us Foreign pensioners with low pensions... we have only one option - go back to our own countries.

 

A sad fact IMHO

[Ralf001]

19 minutes ago, Jingthing said:

That's one example that is simple. 

A thornier example.

Withdrawals from US traditional IRA accounts are fully taxed as income in the US.

I determined they are not seen that way in Colombia. 

I have no idea how Thailand would view that.

As I said US social security is not fully taxed. It's based on a formula which can reduce the tax to zero.

Will Thailand respect that formula?

Again this is not simple. 

 

 

Yeah I don't know about the Us of Whatever.

 

My posts are based upon the amount of soapdodgers in this thread (and the dozens of similar ones) crying about a tax law that will have zero effect on them !

[Geir Rasch]

9 minutes ago, Prubangboy said:

Can you give an example of how someone's total tax bill might decrease under this scheme?

I can use myself. I pay tax to Thailand for the pension I transfer to Thailand. Thai revenue dept give me documentation of the sum being taxed in Thailand. I send this documentation to my home country and they recalculate my tax by deduct my taxable incone with the amount being taxed in Thailand. So for one part of my pension I pay tax to my home country, and the other part I pay tax to Thailand. Because tax in my home country is higher than in Thailand, my total tax are less than it would be if I did not pay tax to Thailand. Some country have a different rule. They only deduct the local tax with what has been paid in Thailand so the effect is 0.

[charleskerins]

1 hour ago, Presnock said:

I do believe that the first comment about paying for immigrants is the western-world problem today and that is why the far-right politicians are enjoying a better ride in elections.  You sure don't see the folks from countries ruled by autocrats mentioning this problem do you?

 

They aren't allowed to complain