Jump to content

pluto_manibo

Advanced Member
  • Posts

    1082
  • Joined

  • Last visited

Everything posted by pluto_manibo

  1. Don't get frustrated! Just dump all your items on the counter and walk out! They will catch the drift.
  2. Animal cruelty is a punishable offence. Discussing your intentions to break the law(premeditation) and cause harm to animals in a country in which you are a guest is not a very intelligent move! Tough guy, maybe you should do everyone a favor and take the poison yourself!
  3. List of Foreign source income tax free country for Expat Angola Anguilla Belize Bermuda Bhutan Bolivia Botswana British Virgin Islands Costa Rica Democratic Republic of the Congo Djibouti Eswatini Georgia Guatemala Guinea-Bissau Hong Kong Lebanon Libya Macau Malawi Malaysia Marshall Islands Micronesia Namibia Nauru Nicaragua Palau Palestine Panama Paraguay Saint Helena, Seychelles Singapore Somalia Syria Tokelau Tuvalu Zambia
  4. Without allowances calculated; [email protected] baht= Baht 2,892,800 First Million( 5% for 150k-300k, 10% for 300k-500k, 15% for 500k-750k, 20% for 750k-1M)= Baht 115k Second Million(25% for 1M-2M) = Baht 250k 892,000(30% for 2M-4M) = Baht 267,600 Tax to be paid= Baht 632,0000 Baht 632,[email protected]/$= $17,494
  5. The article is a bit misleading and xenophobic. The law is not only aimed at foreigners, all the Thai people who work abroad, invest abroad and want to remit funds, trying to survive in this difficult economic climate are the main targets. Unfortunately, foreigners are caught within the net. The majority of Thai people are not concerned about this law, their income is domestic, falls below the "heavy Tax " brackets or as most is not declared(numbers hover around 10% of population paying taxes). The foreign elements on fixed incomes/pensions seem to feel sheltered by the DTA(Double Tax Agreement) they might have and most fall to under the category of the heavier tax brackets. However, what the higher ups have not considered is that there is a whole economy reliant on these foreign remitted incomes which have been repatriated under the full structure of the law(income remitted not within the same year earned is not taxable, not a loophole!). To impose such drastic changes, while the world is still suffering from important inflation, market volatility, declining investment possibilities, repercussions of the "Epidemic", loss of confidence in the economic, political climate and societal views; will not inspire confidence in the future. Neither will it induce spending! Some might fall in the ranks, complain and just accept it. However, many will look for greener pastures, value for money, more stable environments and better investments abroad. It will destroy families, communities which have developed an ecosystem from these remitted incomes, which outweighs by far any of the perceived benefits of future taxation of these foreign injected funds.
  6. I am planning on sucking it up for a few years and bring in the minimum in an acceptable tax bracket to add to the funds in Thailand. However my plans for the future have drastically changed. Having lived here since 1995, it will be a painful adjustment. I have been to all the neighboring countries and they do not appeal to me at all. I would hate to live there on standby for 183 days.
  7. I think this might cause; Thai investors to not repatriate their funds Foreigners to limit their time and spending in the country. More importantly forego any big expenditures(cars, surgeries, house purchase, medical expenses etc...) Foreigners to abandon their applications for LTR or Elite visa(as has been testified on Reddit by a handful of people) Real estate market to suffer However, this has not been elaborated on and they might want to instill a sense of urgency in repatriating funds before the Tax comes into effect, to boost the economy. I think this will discourage future investments and spending.
  8. I would be interested in hearing what the Thai people investing abroad have to think about this sudden change of events.
  9. Yes, you will pay 0% from 0-150k, 5% from 150k-300k(Baht7500),10% from300k-500k(Baht20,000),15% from 500k-750k(Baht37,500),20% from750k-1 million(Baht50,000),25% from 1million-2million, 30% from 2 million-5million and 35% on anything over 5Million. This is what we know so far.
  10. The scenario changes if you have a normal life with wife and family, pets, etc... Jumping around from country to country does not become a viable option. In the event of big purchases such as a new car, home repairs, a medical emergency outside the realms of your health insurance policy, etc....These would easily bring you into the 20-35% bracket(1 million-5 million) if funds were to be brought in from abroad.
  11. Philippines.... Looks like alternating between Philippines and Thailand is the most budget friendly option. If taxing savings, not receiving any services in return but the privilege of breathing on Thai soil and doing the visa dance every year, I will have to make drastic adjustments as well.
  12. For Cambodia and the Philippines you will have to make adjustments to your living conditions, imported products are more expensive. You must also factor the costs of health issues. You probably will need to fly to Thailand or abroad for treatment. In regards to Mexico, residents are liable to Mexican income taxes on worldwide income.
  13. Taking into consideration; Inflation on products and services have become quite important in the last year Exchange rates have hovered at a sub par level for the last ten years The supposedly increased financial requirements for long term visas(Based on marriage or retirement) The restructuring and increased costs of the Elite visas New taxes on income earned abroad to be implemented from January 2024 I know that everyone's situation is different. Some believe that the double tax treaties will shelter them, some are not subject to double tax treaties, others do not have many obligations and can pick up and leave. However most of us, have established a life here(hopefully! Unless you want to live your life like Robert Deniro in Heat!); families, friends, real estate assets, businesses, pets etc....Leaving would be an option but not a popular one. The alternatives in this geographic area are also problematic in terms of changing requirements (Malaysia, Indonesia) and the other popular options are not so appealing in comparison to Thailand. It is too early to make drastic changes but nice to prepare an alternative in order to maintain a reasonable living standard. It seems that either you either make a major change to your standard of living in "developing countries", restructuring your finances and move to a tax haven or bite the bullet and hope for the best as your purchasing power/ savings/ pensions are eroded at an alarming rate. Where would you relocate to?
  14. To clarify, Lets' say you renew your yearly extension on January 1st 2024, would you need to have a Passport valid until June 2025 or would you be able to apply without any isues? I know you need to travel with a passport with nothing less than 6 months before expiration. Does this apply to marriage or retirement extensions? The passport would be valid during the whole period of the visa extension but does it need to have six months validity beyond that? Thank you.
  15. Wet season has started now in Southern Thailand. June and July are never dry on the Andaman coast!
  16. Thank you for your reply! I am looking for the best quality, experience, care, standards in Phuket. Being such a popular tourist destination, I would have imagined more people have had dental implants in Phuket and could share their experiences and advice.
  17. I guess not! Well as an update for further reference. I have gone to both places for an evaluation and treatment plan. The doctor, Dr. Supachai at Bkk-Phuket Hospital, seems to be well recommended. The Phuket Cosmetic dental clinic has amazing facilities and very friendly, well spoken, patient approach. However their website was lacking and there seemed to be nobody at their clinic. Still debating, if going to Bangkok for treatment is a better option. Any experience or recommendations in regards to treatment and implants, would be most welcome. Thank you.
  18. Does anyone have a good address for the best care for cosmetic dentistry on Phuket? Scheduled for an appointment at Bangkok-Phuket Hospital but also booked in Phuket Cosmetic dental clinic. I have no experience with either. Just cracked and lost a bridge and looking into tooth removal and implants. Thank you.
  19. Would anyone have an updated list and experience of the requirements needed for an extension based on marriage(Non O) at Jomtien Immigration? These vary from province to province. I would like to avoid making more than the necessary trips. For example; how many pictures, witnesses, which documents and how many copies, etc...? I looked it up online but there is a lot of contradicting and outdated information. Thank you.
×
×
  • Create New...