andux

It's the same everywhere, but this behavior is necessary. We need people to work and consume, not to save their money.

Very helpful.

Getting a volunteer visa would also be a nice perk, but I'm interested in actually doing something for at least a couple hours a day. I noticed that most volunteer visas are given by agencies and it's pretty obvious that the "volunteering" part doesn't really exist, or it's not really relevant. How easy/hard is it for an orphanage or hospital to give a volunteer visa to a foreigner, assuming I cover all costs? Do they need to be part of a certain scheme in order to give volunteering work permits?

I'm more concerned about the position of the fire extinguisher, against all guidelines...

I lost 50 brain cells just by seeing the video thumbnail.

Technically, it's not what I wanted though. I completed the full course and since the ED visa is supposed to be for one year, I just left after both the course and my year were complete. I can't quite wrap my head around the need for this. Aren't ED visas supposed to be for one year? Or are they actually endless and require a cancellation? I mean, what happens if I don't cancel it? Can I keep extending it for years? It doesn't seem to be the case, so the logic here is a bit strange.

Thanks everyone for your answers. I ended up doing the cancellation at immigration. One thing that concerned me is that the letter from the school stated that it was my intention to cancel the visa, instead of stating that the studies had finished. I am not sure if this is normal practice/irrelevant.

Lots of fallacies and assumptions in your post, and you're avoiding the original argument. Let's get back to it: you said that it's impossible to spend $5k a year traveling because a 2-week trip already costs $5k. My answer: it's possible to travel a few times a year and spend $5k. Rent apartments for 1-2 months and live like a local. Whether the person doing that is a billionaire or a broke student is irrelevant. The fact remains.

OP, you sound like a nice guy, but this friend of yours really sucks... And why do you have to pay for his plane ticket and his fine? How does he even keep a gf around being such a mess? PS: Remember that you only met this guy 3 years ago... Hopefully he's not telling you some sort of modified sick buffalo story in order to exploit your generous nature for a free trip back home and some cash.

Not all traveling is a "good 2-week holiday" in a resort or being all day visiting attractions, doing city tours and buying souvenirs. Traveling can also involve renting an apartment for a couple of months somewhere to live there almost like a local, with the occasional night out or museum visit.

My school prepared a visa cancellation letter, but I'll be leaving Thailand anyways and come back next month as a tourist, or apply for a new visa. Do I need to take this document to immigration before leaving? It seems that the visa should be automatically canceled if I leave and don't apply for a re-entry permit, wouldn't it? What's the point of the cancellation letter if I'm leaving the country anyways? Experiences? Thoughts? Thanks.

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I don't think you really read my post. In the past you could actually bring capital gains into Thailand without paying a dime in tax, legally. You could bring a million dollars of tax-free capital gains if you deferred them till next fiscal year, and invest them in the real estate market in Thailand. All legal. Starting next year, you won't be able to do that. If you bring a million dollars of formerly tax-free capital gains, the tax in 2024 will be around $300,000. That's a couple of properties lost in tax. So it does make Thailand less attractive for resident investors. The solution is to stay less than 6 months per year in Thailand to avoid having to pay those $300,000, or invest the money somewhere else.

I know this is a troll thread, but yes, you're right, you can then deduct it from your US income tax obligation. The end result is the same though, and one would still pay 2500 USD in taxes to Thailand.

Nice riddle OP, but the only thing that matters is that you remit 24K a year into Thailand. Your mia nois are independent contractors so they have to take care of their own taxes. Your tax on approximately 900K baht would be calculated in progressive brackets; first 150K baht at 0%, next 150k baht at 5%, and so on. Let's break it down for your particular case: 0-150K bracket (0% of 150K): 0 baht 150K-300k bracket (5% of 150K): 7,500 baht (you may be eligible for a small allowance of 30K-60K in this bracket, which can result in a reduction on your tax bill of around 2K baht) 300K-500K bracket (10% of 200K): 20,000 baht 500K-750K bracket (15% of 250K): 37,500 baht 750K-1KK bracket (20% of 150K): 30,000 baht Let's add it up (assuming no allowance): 7,500 + 20,000 + 37,500 + 30,000 = 95,000 baht, which is approximately 2,500 USD. Not so bad. Now, I think that if you're looking to lower your yearly bills, we should take a closer look at your expenses with those mia nois instead. 40K baht/month for sleeping once a week with each is not the best business deal around. In other words, you're paying 40,000 baht to each, and you only sleep 4 times a month with each. And I'm not even taking into account the business expenses and overhead of hiring them legally through US companies. But even assuming that your business expenses for each hire are 0, you're still paying 10K baht for every time that you get laid. This is way above current market prices, which fluctuate around the 2K baht mark. With the above being said, if you're serious about lowering mianois-related expenses, contact our advisors, and we'll gladly assist you in selecting a solid roster of beautiful mia nois in their 20s at the best possible market valuations.

LOL the story sounds so fake. My guess is that someone read the buffalo story while having a drink in Nana Plaza and came up with this sh*t.

That probably won't last too long though. It wouldn't surprise me if in a few years Thailand just starts taxing all foreign income, adds wealth taxes, etc. especially when they realize that it's easier to do than this remittance-based system.

Well, if it's the law, it's the law. It's what the rich people will do then. So, to clarify: the new 'loophole' will be to alternate living in Thailand in that fashion: stay 179 days one year, the next one the full year, 179 days the following year, then a full year, and so on. That way one can always have a supply of tax-free money to bring into Thailand.

Yeah this is unfortunate. Many of the people who came to visit me and do some tourism around Thailand experienced that bittersweet feeling, and some even told me that they were treated disrespectefully often. Not all Thais are like that though, and I have to admit that Thais are generally very nice people. But many of them treat foreigners in a noticeably negative way. I've even learned that part of living here is having to deal with that on a daily basis, even if it's from only 10-20% of the Thai population. But naturally tourists will not love that feeling and a lot of them will think twice before coming back.

Interesting. In that case, suppose that in 2024 a person stays in Thailand only 179 days. That person can bring as much as they want to Thailand and it won't be taxed. Now, suppose that same person, in 2025, spends in Thailand the whole year. Would they be able to freely bring money earned in 2024, since the foreign income from 2024 was earned while they were not in Thailand?

Yeah but now the year doesn't matter. Let's say that you sell stocks in USA today, for a capital gain of $50,000, and bring that money to Thailand next year (2024). With the new law, those $50,000 have to be declared and taxed in Thailand. In the past, those $50,000 were legally tax-free and didn't need to be declared. USA doesn't tax capital gains of non-residents, and Thailand didn't tax deferred income. So, yes, that changed, and makes Thailand less attractive. Yes, I know, you should pay tax blah blah blah. But it's not a good deal to pay tax in a country that gives you nothing in return, no social security, no pension, no healthcare, no sidewalks, not even the possibility of volunteering at a local hospital. Good weather, cheap prices and easy girls, but that gets old after a while...

What if I bring savings from money earned in 2002? Do I need to show my 2002 tax report?

Saw the video and it's boring af... I guess these are the strip clubs of the 21st century? And TikTok is the wild porn of nowadays? I seriously feel bad about these kids. Back in the Middle Ages we had public baths where orgies took place. And now we are supposed to think these dumb and boring dancing moves are 'crazy' and 'sizzly.' ????‍♂️

All these contestants look the same to me, with all that cosmetic surgery, botox, the same smile and cheeks about to explode from whatever filler material they inject. How do judges even differentiate them? How do the countries even matter? I really don't understand this because one sees exceptionally attractive girls on a daily basis, but they are more natural looking and unique. This contest is more about a specific kind of appearance I believe. I guess it's sponsored by beauty clinics and botox brands. ????

Yes, your wife needs to control her sexual impulses. Kissing strangers for having a flight ready? I wonder what else has she done while she was happy. Did she ever get approved for a bank loan while at the bank manager's office? I don't want to know how she celebrated it...