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Posted

Okay, this is just for fun.

 

We don’t know how/if income taxes will be applied to foreigners, and while it probably wouldn’t be a huge hit to most of us, a Thai tax on ‘global income’ for very wealthy expats who’ve lived here for years, precisely because they’ve avoided paying income tax, would be a great concern.

 

So, they could probably afford to move around each year while still making Thailand their main digs, but not long enough to pay tax here.

 

Example – using the best weather months to meet the 179 day max stay in Thailand (to avoid tax)

 

January through April – Thailand – 120 days

May through October (29th) – 182 days (summer in either Canada, Japan, Portugal, Spain, etc. – all countries where tax residency doesn’t kick in until 183 days or more – Japan is longer/different).

October 30 to November 8, stopping in one of the other countries above (en route back to Thailand) – 10 days

November 8 through December 31 – Thailand – a final 53 days

(then repeat)

……………………..

I think the math is right. Again – just for fun – and yes, for the majority of expats that don’t have existing homes in these other places, the costs of spending half a year away wouldn’t make any economic sense. But, if you were one of those uber wealthy above (maybe you are), how would you do it? On your yacht?

 

  • Thumbs Up 1
Posted

No way on God's Earth would I be found in Thailand January to April. The temperatures are brutal and the AQ horrific.

 

Winter in Switzerland.

Autumn Thailand

Spring UK

Summer Germany

  • Haha 1
Posted
5 minutes ago, Will B Good said:

No way on God's Earth would I be found in Thailand January to April. The temperatures are brutal and the AQ horrific.

 

Winter in Switzerland.

Autumn Thailand

Spring UK

Summer Germany

Sure, decent plan, but Autumn in Thailand is rainy season and September and October are the worst (flooding, downpours)

Posted
4 minutes ago, ronnie50 said:

Sure, decent plan, but Autumn in Thailand is rainy season and September and October are the worst (flooding, downpours)

True....in my mind I moved Autumn to October November December....5555

Posted
11 minutes ago, Will B Good said:

No way on God's Earth would I be found in Thailand January to April. The temperatures are brutal and the AQ horrific.

 

Winter in Switzerland.

Autumn Thailand

Spring UK

Summer Germany

I would have thought you would want to spend more time in Isaan.

  • Haha 1
Posted
2 minutes ago, mokwit said:

I would have thought you would want to spend more time in Isaan.

 

In BKK for the next few weeks......Isaan simply does not exist............. until the New Year.......555

Posted

A friend of mine relocated to another country half the year already. Total cost looking solely at 2024:  One time expenses mostly (deposits for renting a house, furniture, aircon, TV washing machine, etc), including travel: approximately 370.000 Baht).

 

Saved Thai tax circa 600.000 Baht. A no brainer for him.

 

Total cost 2025 in new country: Around 380.000 Baht (rent, electrisity, water, wifi, mobile phone plan, motor insurance etc) including 6 return travels. Saved Thai tax 2025: Approximately 600.000 Baht.

 

He didn't have to, but bought a new ride in the new country. So that increases the above mentioned cost, but the American dream machine was under half price of (crazy) Thailand, which made it a sheer joy to purchase he told me.

 

PS: Due to unforeseen circumstances in December, he just made it out of Thailand, with two hours to spare!, in order to not exceed the 180 days maximum limit for 2024.

 

  • Haha 1
Posted
4 hours ago, MartinBangkok said:

A friend of mine relocated to another country half the year already. Total cost looking solely at 2024:  One time expenses mostly (deposits for renting a house, furniture, aircon, TV washing machine, etc), including travel: approximately 370.000 Baht).

 

Saved Thai tax circa 600.000 Baht. A no brainer for him.

 

Total cost 2025 in new country: Around 380.000 Baht (rent, electrisity, water, wifi, mobile phone plan, motor insurance etc) including 6 return travels. Saved Thai tax 2025: Approximately 600.000 Baht.

 

He didn't have to, but bought a new ride in the new country. So that increases the above mentioned cost, but the American dream machine was under half price of (crazy) Thailand, which made it a sheer joy to purchase he told me.

 

PS: Due to unforeseen circumstances in December, he just made it out of Thailand, with two hours to spare!, in order to not exceed the 180 days maximum limit for 2024.

 

 

So your friend brings in at least 200,000 baht per month, using some reverse math. So that’s nearly a million baht every 6 months that he won’t be bringing into the kingdom. All due to the hysteria and run away speculation. 

 

Thailand needs to clear the air on this, who knows how much money they’ve already lost. 

Posted

Americans have to pay taxes even if they live outside the country for the entire year.  No escaping those.  Not sure how it works for EUR/AUS/UK residents.  Can those citizens really border hop and pay no taxes to their home country?

 

This year I spent 176 days in Thailand 

 

My usual spend in Thailand for the last 5 years has been about 100k/month.  None of that 100k is spent on rent as I own a condo.

 

Thailand lost ฿600k of spending.  More in GDP when the velocity of money is factored in.

 

It’s a small amount in the big picture but the people whose businesses I patronized (doctors, restaurants, massage, etc.) would have preferred me to have stayed.

 

If they decide before tax time in 2025 to tax total global income (not just remitted income) I would have had to pay an additional ฿400,000-500,000 in taxes due to the way they treat long term capital gains tax 25%-30% vs the US 15%

 

If they only tax remitted money, I would have had to pay less tax but still…

 

No thanks!

 

No taxation without representation!  
 

If they want me to stay and pay taxes then they will have to offer something such as the social healthcare plan @ ฿600/month

  • Agree 1
Posted
10 hours ago, MartinBangkok said:

PS: Due to unforeseen circumstances in December, he just made it out of Thailand, with two hours to spare!, in order to not exceed the 180 days maximum limit for 2024.

The limit is 179 days.

I hope he knows that. 

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