Pattaya Teens Recklessly Ride Motorcycles, Slapping Indian Tourists' Heads on Sidewalk
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1,693
Thai tax tangle: Expats warned of new rules on overseas income
And I would be happy to see it stay that way. But (... of course there is always a 'but' ) , ... but I would be surprised if the Thai financial institutions (banks) are not sending most annual foreigner bank account summaries to the Thai RD ( where this is already now a OECD CRS requirement so likely Thai RD copied on such) . I suspect even before OECD/CRS the Thai banks were sending info to the Thai RD. Was it looked a thou by the RD? Possibly not. Anyway, the RD knows the foreigners exist - but will they follow up on such ? Likely not follow up IMHO, unless something catches their attention. What could catch their attention? Bank accounts with large amounts of money perhaps. Also , large transfers of money to Thailand also need to be reported (I suspect) to the Thai RD. So the RD needs to decide in the past, based on the money involved, if they follow up. I speculate 99% of the time they never bothered. But there is always that 1%. Again , speculation is the operative word for both you and me. -
156
Minimum required to live comfortably at a young retirement age
Yeah I think I mentioned this one in a previous post I did have medical insurance when I first came many years ago but had a serious medical condition since which precludes me from getting any half decent insurance possibly accidents and stuff like that but other things very difficult. -
1,693
Thai tax tangle: Expats warned of new rules on overseas income
Nice report, thanks for the effort. On Q6 - I'm assuming this refers to the balance of a brokerage account comprising stocks / funds held as at 31 December 2023? Or, was it a cash account held at a brokerage? -
688
What are you cooking today?
what time should I be there? I have bad instincts in the kitchen... I am lucky to be alive... -
65
A death sentence for some
Because the US was a soft touch under Biden and such like presidents. Party is over world. Man up and pay your own way, and about time too. -
1,693
Thai tax tangle: Expats warned of new rules on overseas income
Prior to 01 Jan 2024, I agree The RD now knows every foreigner that holds a Thai bank account. Thai banks have to report on them to the RD every year.
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