8 hours ago, ronnie50 said:

I think so too. This government are so behind the eight ball now, this is probably way down their political list of things to table, never mind try to pass all readings of a new bill or even pass an amendment. Unfortunately, it means (legally) all inward remittances to ourselves would be taxable in 2025. I just plan to stay quiet - no tax number no actions on my part.       

 

I think pre 2024 foreign income, savings, pensions,  is still classed as non assessable income.

I could be wrong. ?

 

 

5 hours ago, quake said:

 

I think pre 2024 foreign income, savings, pensions,  is still classed as non assessable income.

I could be wrong. ?

 

 

As another poster wrote some months ago, it should be based on 'first in, first out' scenario. By that I think it meant if you're savings account overseas had - let's say $100,000 balance that you can show from (whenever before 2024) let'say 2021, then that should be considered the money you drew down and remitted to Thailand - and not considered as deposits that were made or from a balance appearing as '2024'. But who knows, it's just more speculation but sounds pretty fair to me.

New rules, same game. Pedal harder…

 

It doesn’t look like it applies to foreigners we always get the shaft here from double prices to discrimination TIT

11 minutes ago, TheFishman1 said:

It doesn’t look like it applies to foreigners we always get the shaft here from double prices to discrimination TIT

 

  It doesn't look like you've read through the thread nor do you understand what's going on; neither do you understand how the Thai tax code is written.  Post more, please, so we can continue to mock you.

4 hours ago, TheAppletons said:

 

  It doesn't look like you've read through the thread nor do you understand what's going on; neither do you understand how the Thai tax code is written.  Post more, please, so we can continue to mock you.

But wait, he's persecuted and shafted, awwwwww.

On 8/5/2025 at 8:21 AM, redwood1 said:

But But But........ We have spent years arguing in circles on all the countless and pointless tax threads......Now what are we going to argue about? I feel Cheated...

It's not about a resolution. Attention is money. Focus on something else.

 

That's why the lower income bracket constantly makes noise and drama. It captures attention.

 

The subliminal message in these worm's eye view pics of gov. buildings is government is 'gad'..  This is obviously done on purpose and it is a promotion of their desired end game.  Many gov. related articles use this tactic here in the US and beyond.

 

Here is another example of it being used.

https://www.timesleader.com/news/1713064/luzerne-county-manager-romilda-crocamos-employment-agreement-approved

After watching this video, I can see why the mood has drastically changed in thailand.  Glad I stayed put in 2014, which was a turning point year decision wise.

 

On 8/10/2025 at 9:09 AM, cowellandrew said:

Ah I will just use my wifes account then, I can trust her she is different to all your bar girls@

😂😂😂😂🚀☻

I bring my pension in via ATM, too simple and no fees either end.  So non taxable if they ever institute one on foreigners.  They'd have to start taxing tourist using ATM to tax my pension.  Can't see that ever happening.

 

It's not enough to be taxable anyway, so no worries.

4 minutes ago, KhunLA said:

I bring my pension in via ATM, too simple and no fees either end. 

 

I'm finding that hard to believe.

7 minutes ago, lordgrinz said:

I'm finding that hard to believe.

What part do you think I'm lying about ? 

 

All they get is the 1% or what ever it is, intern'l transfer fee, that is levied against all transfers.  I pay no fees from my US brokerage nor Thai  bank ATM usage fees.   Choose your financial institutions wisely, and you 'may' be fee free also.  Oh yea, I'm a Yank.

 

Other intelligent Yanks have stated the same, so I guess, they are all lying also.

 

Troll on

8 minutes ago, KhunLA said:

All they get is the 1% or what ever it is, intern'l transfer fee

 

So, you lied.

 

20 minutes ago, KhunLA said:

no fees either end. 

 

12 minutes ago, lordgrinz said:

So, you lied.

'either end' ... the 1% is in between 

 

So no, I didn't lie 

1 hour ago, Cult of the Sun said:

After watching this video, I can see why the mood has drastically changed in thailand.  Glad I stayed put in 2014, which was a turning point year decision wise.

 

Dunno.. He started ok, and I thought he was useful in early part when he mentions OLB fiasco. But then he comes up with blatant lies about the marriage visas, and "400000" a day for overstay.. Completely discredits himself..

1 hour ago, KhunLA said:

'either end' ... the 1% is in between 

 

So no, I didn't lie 

@lordgrinz

Is their even an intern'l fee, or just the bank's conversion.  As my brokerage doesn't charge to send, and TH ATM fee (250) is reimbursed.

 

Even the USA SS DD, isn't consistent on the exchange rate, though depends when sent/received, as I try to match up the arrival time, with exchange rate time, and sometimes it off 0.5 +/-, and once it was even more than BBL posted rate.   

 

SS won't send to bank via IDD if having fees, so not sure where or who gets that %, if even anyone.  As the rate fluctuates during the day vs when BBL actually posts theirs.  So it's hard to pin point if a fee is charged anywhere.  And what time the intermediate, clearinghouse institution, forwards it.

 

Occasionally it's the same as Google states, which is different depending what site used, and time of transfer, basically an unknown.  SS is usually a bit less, but ATM has been less, the same, or even more, so that confusing.

 

BBL incoming fee to accounts is 200-500, so It's not that, as that would be recorded in my account.

 

It's all a mystery 😎

7 minutes ago, KhunLA said:

@lordgrinz

Is their even an intern'l fee, or just the bank's conversion.  As my brokerage doesn't charge to send, and TH ATM fee (250) is reimbursed.

 

Even the USA SS DD, isn't consistent on the exchange rate, though depends when sent/received, as I try to match up the arrival time, with exchange rate time, and sometimes it off 0.5 +/-, and once it was even more than BBL posted rate.   

 

SS won't send to bank via IDD if having fees, so not sure where or who gets that %, if even anyone.  As the rate fluctuates during the day vs when BBL actually posts theirs.  So it's hard to pin point if a fee is charged anywhere.  And what time the intermediate, clearinghouse institution, forwards it.

 

Occasionally it's the same as Google states, which is different depending what site used, and time of transfer, basically an unknown.  SS is usually a bit less, but ATM has been less, the same, or even more, so that confusing.

 

BBL incoming fee to accounts is 200-500, so It's not that, as that would be recorded in my account.

 

It's all a mystery 😎

 

The conversion fee will happen at some point, I use WISE, where I keep an active interest-bearing account in USD (currently 3.92%), when I need to send it to THB I will. As far as I can see, the complete conversion fee (Transfer FEE into the interest-bearing account, and the conversion fee when I send it to SCB in Baht form) would be about .65 percent of the total.

15 minutes ago, lordgrinz said:

 

The conversion fee will happen at some point, I use WISE, where I keep an active interest-bearing account in USD (currently 3.92%), when I need to send it to THB I will. As far as I can see, the complete conversion fee (Transfer FEE into the interest-bearing account, and the conversion fee when I send it to SCB in Baht form) would be about .65 percent of the total.

3.92% ... not bad at all.  Think my brokerage core account is 4.99%.   Which case, I should actually leave my pension there.   But if wife buys land, the return is better.   

 

Plus it's a mental high, not touching my SS at all, 2024 & so far this year.   Though don't think I'll make it to the end of the year.  Got maybe 2 month, COH & pension in USA 😭 

 

Mind boggling how little we got our monthly living expense down too, and still live quite comfy.

 

On topic, of course ... we don't need no stinky tax break, as DTA already provides.

 

LIVING THE DREAM ... almost 25 yrs, living tax free, except the VAT, and excise tax on vehicles.

9 minutes ago, KhunLA said:

Think my brokerage core account is 4.99%. 

 

I use Interactive Brokers, and I believe they were at 4.82% for a while there, but I just checked and the new numbers are 3.83%. I'm not sure anyone I have heard of is giving 4.99% right now, but I'd be interested in knowing who you are using?

44 minutes ago, KhunLA said:

3.92% ... not bad at all.  Think my brokerage core account is 4.99%.   Which case, I should actually leave my pension there.   But if wife buys land, the return is better.   

 

Plus it's a mental high, not touching my SS at all, 2024 & so far this year.   Though don't think I'll make it to the end of the year.  Got maybe 2 month, COH & pension in USA 😭 

 

Mind boggling how little we got our monthly living expense down too, and still live quite comfy.

 

On topic, of course ... we don't need no stinky tax break, as DTA already provides.

 

LIVING THE DREAM ... almost 25 yrs, living tax free, except the VAT, and excise tax on vehicles.

Curious, when you say not touching SS, are you not drawing on it or not bringing it over?  I have an account in the US that only receives my SS and forward here as it is not taxable per Thai Treaty, if need more, then bring enough to still not have to file.

42 minutes ago, lordgrinz said:

 

I use Interactive Brokers, and I believe they were at 4.82% for a while there, but I just checked and the new numbers are 3.83%. I'm not sure anyone I have heard of is giving 4.99% right now, but I'd be interested in knowing who you are using?

Been with Fidelity for 35+ yrs.   Still have 3 IRAs with them, aside 2 other accounts, one where my pension goes, the other a CM account, and pension gets transferred to, since having  ATM fees reimbursed.

 

Before FID, it was work Credit Union institutions.  Can't remember last time I had a commercial bank account, maybe the 70s 

 

Last promo I noticed when signing in, was 4.99%, not sure if changed.   Irrelevant since not in there long enough to accumulate anything, or much to even earn much interest.

 

40 minutes ago, DrPhibes said:

Curious, when you say not touching SS, are you not drawing on it or not bringing it over?  I have an account in the US that only receives my SS and forward here as it is not taxable per Thai Treaty, if need more, then bring enough to still not have to file.

Get SS DD @ BBL, then I withdraw every 3rd month, to avoid FBAR, and put in wife's account.  We don't touch those accounts, unless she's investing / buying land.   So yea, have not spent any SS in 2024 or 2025 yet.   And it's more than enough for Imm retirement extension.   Pretty sweet actually.  

 

We'll need to tap it maybe Nov or Dec, as only 4 more pensions DD coming, and that is only 2 months living expense.  Seem to be spending more this year than last.  Plus car registration & insurance coming up in Oct 😭 

 

And we're out the door again, Sunday, northward for an O&A, before smog season kicks in.

 

Next year, we'll probably only save half my SS. since going to leave pension in USA.  

 

Low monthly expenses is only possible, IF, you own everything already, and that takes being married or having a trustworthy partner.   Not for the inexperienced.

 

Started this thread last year ...  and feeding ourselves is basically our main mandatory monthly expense.   We're pretty boring, so keeps costs down 

https://aseannow.com/topic/1334362-budget-again-keto-ish-diet/#comment-19110395

 

edit: did a quick $$ / ฿฿ check & might be tapping that SS in Oct 

These are just proposals on a possible reverse tax program began a couple of years ago and continue in the discussion and nothing is guaranteed nor even if it could ever be passed but it is in the news so...

 

suggest expats read  today's Thai Examiner article on the reverse tax program that the current govt is pushing;

https://www.thaiexaminer.com/thai-news-foreigners/2025/08/16/huge-economic-change-as-reverse-tax-plan-is-being-pushed-by-the-pheu-thai-government-as-it-battles-on/

 

this is today's news but the following two links are former Thai-Examiner articles discussing the same subject and provide even more information on what they are seeking in this proposal,  though, this govt may not even be around in the near future.  Whether the next government or even this on will be able to pass such legislation, remains questionable IMHO and even if they do pass a new decree we have no idea what it might actually say and impact expats/foreigners still here.

 

related as it seems the former PM wants to get the reverse tax program done by 2027

 

https://www.thai.examiner.com/thai-news-foreigners/2024/06/05/thai-taxman-now-plans-to-tax-foreigners-on-all-income-whether-it-is-remitted-to-the-kindom-or-not/

https://www.thaiexaminer.com/thai-news-foreigners/2024/09/08/revenue-department-preparing-legislation-as-new-expat-tax-regime-may-link-visas-and-tax-returns/

46 minutes ago, Presnock said:

These are just proposals on a possible reverse tax program began a couple of years ago and continue in the discussion and nothing is guaranteed nor even if it could ever be passed but it is in the news so...

 

suggest expats read  today's Thai Examiner article on the reverse tax program that the current govt is pushing;

https://www.thaiexaminer.com/thai-news-foreigners/2025/08/16/huge-economic-change-as-reverse-tax-plan-is-being-pushed-by-the-pheu-thai-government-as-it-battles-on/

 

this is today's news but the following two links are former Thai-Examiner articles discussing the same subject and provide even more information on what they are seeking in this proposal,  though, this govt may not even be around in the near future.  Whether the next government or even this on will be able to pass such legislation, remains questionable IMHO and even if they do pass a new decree we have no idea what it might actually say and impact expats/foreigners still here.

 

related as it seems the former PM wants to get the reverse tax program done by 2027

 

https://www.thai.examiner.com/thai-news-foreigners/2024/06/05/thai-taxman-now-plans-to-tax-foreigners-on-all-income-whether-it-is-remitted-to-the-kindom-or-not/

https://www.thaiexaminer.com/thai-news-foreigners/2024/09/08/revenue-department-preparing-legislation-as-new-expat-tax-regime-may-link-visas-and-tax-returns/

Articles dated 5 June 2024 and 8 Sep 2024. Both a bit old news now .. and so far? .. Nothing newer to date. ..  In fact after those articles there were other news sources suggesting Thailand might drop all taxation on any remitted income to Thailand for some TBD  time frame. That IMHO was speculation. So too does this read to be Thai Examiner speculation with some click bait thrown in.

31 minutes ago, oldcpu said:

Articles dated 5 June 2024 and 8 Sep 2024. Both a bit old news now .. and so far? .. Nothing newer to date. ..  In fact after those articles there were other news sources suggesting Thailand might drop all taxation on any remitted income to Thailand for some TBD  time frame. That IMHO was speculation. So too does this read to be Thai Examiner speculation with some click bait thrown in.

I just included them with today's article...As I explained for those that have not gone through the various articles rehashed, so that folks can get a better idea of what might be included in any "new" bill that comes out so it wouldn't be a total shock to some people.

On 8/14/2025 at 12:16 PM, KhunLA said:

On topic, of course ... we don't need no stinky tax break, as DTA already provides.

 

LIVING THE DREAM ... almost 25 yrs, living tax free, except the VAT, and excise tax on vehicles.

DTA gives tax relief only if you pay tax elsewhere, so not "tax free", maybe tax free in Thailand.

 

I don't pay tax any IT anywhere, so if I didn't have the LTR exemption I'd face an 800K yearly tax bill...

2 hours ago, Presnock said:

Whether the next government or even this on will be able to pass such legislation, remains questionable IMHO and even if they do pass a new decree we have no idea what it might actually say and impact expats/foreigners still here.

Passing the law would be the easy part of it. Going from 4 Million tax returns to 40 Million would be a massive  increase of workload, imagine the queues of rice farmers making their returns so that they could collect their allowances..

 

The recently introduced tax on foreign remittances has been plagued with inconsistencies, fraud, incompetences, laziness, all in good Thai style; now imagine the GRIT (Global Reverse Income Tax)..

 

The impact on foreigners should be that many would decide to die in Nam, finally.

57 minutes ago, Peter Crow said:

Passing the law would be the easy part of it. Going from 4 Million tax returns to 40 Million would be a massive  increase of workload, imagine the queues of rice farmers making their returns so that they could collect their allowances..

 

The recently introduced tax on foreign remittances has been plagued with inconsistencies, fraud, incompetences, laziness, all in good Thai style; now imagine the GRIT (Global Reverse Income Tax)..

 

The impact on foreigners should be that many would decide to die in Nam, finally.

I agree, just tje change to last year caused many to not become tax residents here plus many others are only remitting a lot less income.  If they do go to world wide income taxed here then I think many more might go.    If they will tax expats and not give them something in return then many will depart. Hopefully DTA and LTR folks will not be affected at first but who knows what might come up.  Not me! that is for sure.

1 hour ago, Presnock said:

I agree, just the change to last year caused many to not become tax residents here plus many others are only remitting a lot less income. 

On 8/5/2025 at 7:58 AM, webfact said:

Thai individuals collectively hold approximately 2 trillion baht in foreign income ...

 

first, they introduced the new tax law not because of us foreigners living here. second, the "missing" approximately 2 trillion baht that was not transferred from abroad into thailand is also not because manly of us retired foreigners ... 

 

we foreigners who retire here sometimes think we are more important than we actually are ... 

 

 

On 8/5/2025 at 8:21 AM, redwood1 said:

But But But........ We have spent years arguing in circles on all the countless and pointless tax threads......Now what are we going to argue about? I feel Cheated...

A bunch of us told ya'll who were sweating bullets to chill out. In the end? A nothing-burger. All that anxiety over nothing. 😟