[Will sending 800k for ret. VISA trigger a tax liability in Thailand?]

I am reading a lot lately about this new tax laws targeting mostly foreigners and income overseas. 

My question is... if I bring in 800k baht for the retirement visa will trigger a tax liability here? 

I already pay taxes in the US. Being taxed here again would be a deal breaker for me. 

 

 

[Border runs with Bangkok Buddy]

On 12/10/2022 at 6:08 PM, LauChan said:

 

https://www.thaivisaservice.com/

 

Try this one, my son did successful border run about 3 months ago

I also used this company 2 months ago. Very professional and honest. As I got in the van the gentlemen said if my visa run fails he would return my money. Everything went smoothly and I will use them again for sure.
Their website is a bit outdated. The photo is no longer required.

[Best visa/border run from Bangkok in your opinion?]

3200 is a fair price. If you got many covid extensions then I would definately use the agent.
are you going from BKK or Pattaya?
I found a van service for 3500, so your price is better and they even pick you up.
Can you send me a private message with the contact? I will give them a call or LINE as I need to go this week.

[Best visa/border run from Bangkok in your opinion?]

I have been going to the Ban Pakard crossing for 7+ years and I will go again this week.
Depending on how many stamps or visa (ed visa, bogus volunteer) you have in your passport it is safer to use an agent. 
I only have 3 entry stamps in my current passport but I prefer to just use an agent, and if things don't go smoothly they can get a deal done to fix things.

If you are alone you are basically on your own if something goes wrong.

I recommend you do it on your own if you don't have too many stamps, visas, extensions in your passport.

 

Please note if you arrive later than 11am it becomes more difficult to find a ride back to Bangkok because most minivan services go back to BKK before 11am.

 

I was there 3 months ago and arrived too late. I could only find a mini van going to Pattaya so I took it and had to get on another bus to BKK.

There are far fewer mini-vans compared to the pre-covid days. It will bounce back but not yet.

[blacklisted for 12 months while on elite visa.]

Hello,

a good friend of mine went back to the UK last night for the holidays and as he passed immigration he was stunned the immigration informed him he overstayed his visa. He has an elite visa and didn't know he had to exit the country once every 12 months, he was staying in Thailand for the past 15 months.

The immigration officers were sympathetic but couldn't do anything, they said it happens quite often. He is blacklisted for 12 months. Is there anyway to appeal this?

His elite visa is good for another 2 years. To add salt to the wound he had to pay 25,000 baht fine for overstaying.

 

[from O visa to marriage visa question]

1 hour ago, fishtank said:

marriage certificate and your Wife.

Maybe a couple of extra things depending on where you apply.

thank you so much!! I would apply in Bangkok. My visa will expire at the end of October. Is this something that takes a one day trip to the immigration like a simple visa extension?

The 400k has the same rules as a retirement visa? 2 months before renewal and 3 months after? I would hate to keep money locked in a bank earning peanuts.

[from O visa to marriage visa question]

On 9/29/2020 at 10:28 AM, ubonjoe said:

If you have not applied one yet you could apply for a 60 day extension to visit you wife to get more time to have the money in the bank.

You could apply for a work permit but you have to be working for a registered company to apply for it.

Hello ubonjoe,

what is the requirement to get this 2 month extension? Just the marriage certificate is enough?

[from O visa to marriage visa question]

Thank you so much for your reply. I have 400k but not in Thailand, I am guessing it is too late for this option since my 90-day O expires in 1 month. Is it possible to get a work permit being married to a Thai? I would be self employed.

[from O visa to marriage visa question]

I used one of those visa agencies to convert a stamp on arrival (tourist) to an O-visa "volunteer". So right now I am on this O-visa "volunteer" and I married a Thai. I want to convert to marriage visa or marriage extension of stay without leaving the country. Is this possible? The agency quoted me a pretty high number and I just feel like a cash cow for these people. can I do this on my own?

[Activewear Manufacturer]

all of the activate wear manufactures I knew closed or moved either to Cambodia or Vietnam. I do not recommend you made any garment in Thailand (if you can still find one here), it is just much more expensive than China, Cambodia and Vietnam. I went down this road before and their prices were high. There are so many in Vietnam and there was a free trade agreement w the EU, not sure went into effect yet. There is no advantage in making garment in Thailand at this time. if you still want to give it a try contact Thailand garment association, they had an online directory until a few years ago.

[doing business as a corporation vs individual]

me and the wife (thai) have been doing business as individuals since early 2020. We are thinking about opening a corporation next year since the income has been going up steadily.

My main question is... what are the advantages of doing business as a corporation vs individual in Thailand? We didn't hit 1.8 mil in sales this year to require collection/ filling of VAT but next year for sure we will. I guess there is a certain threshold (total annual sales) that makes it more viable to trade as a business.

Could anyone share their knowledge about this issue?

[If the visa amnesty is not extended, which countries look appealing ?]

If you just want to leave and wait it out so you can come back the best bets will probably be China, Japan, Taiwan, Korea, New Zealand and Australia. Travelers coming from these countries will most likely be let in first. Tourists coming from the US will probably not be able to come until November.

Vietnam would be nice too as it is near by and cheap to stay for at least 2 months.

Thailand also cannot afford to stay closed for too long.

 

[Anyone experiencing rental price reductions YET?]

I read the property prices in Hong Kong started to fall because many Chinese mainlanders are selling at discounts. I expect the Chinese will do a fire sale of their properties in Thailand if the situation in China doesn't improve. I have a friend in China who told me people are doing fire sales to get cash in order to keep their businesses afloat. It will be interesting to see how the next 6 months will play out. One thing for sure.... There will be some good deals for condos in Thailand and Cambodia, both places rely heavily on Chinese buyers.

Airbnb hosts in Thailand are dead in the water for at least a yr, might as well try to rent long term.

[Anyone experiencing rental price reductions YET?]

My contract expired in march and I am currently going on a monthly basis. I have no plans to renew at the current price. I expect rental prices to come down since many condo owners were renting short term (airbnb) will switch back to long term for obvious reasons and there is a glut or empty condos in Bangkok. I just started looking and haven't seen any reductions. There is an unit next to mine that is empty for the past 3 months and the rent is still the original asking price. I am wondering how long it will take for landlords to adjust their prices to a new reality.

[good bad ugly & future for thailand/pattaya]

Place was getting too arrogant and taking tourists for granted. Now sit and cry a bit and think about how to treat the hand that feeds you better. 

[Thailand really has ZERO compassion to foreigner tourists stuck here]

I just saw the letter Richard Barrow posted online on tweeter in regards to the new requirements to get a measly 30 extra days in the Land of.....(you can complete). 

All countries around the world should apply this stupid rule in reciprocity. There is no excuse for making this kind of rules at a time like this. This country shows ZERO compassion to foreigners here. I hope all ambassadors take notice of the treatment their citizens are receiving. 

LOOK AT #10

 

 

[Air Mail suspended to US and some of EU]

11 hours ago, Kwasaki said:

I was told Thai EMS post business as usual, who do beleive on here anymore.

Ask one of the main post offices in Bangkok. I am sure many smaller post offices in and out of Bangkok may not be aware of this memo. We all know how things here run.

The small post office in Silom was clueless about this notice, they were still offering the service without knowing it was suspended. I had to go to the main post office in Bangkok to get the right information. 

[Air Mail suspended to US and some of EU]

Here is the notice from the Thai Post. If you ship anything by air to the US, UK, and most countries in the EU it will take 2 or 3 months because it will go by sea. Only surface mail is available. Only countries Air mail is available is Macau, China and Russia.

 

 

 

[Be careful what you wish for]

Good point. I am also concerned about what comes after the virus is gone. I have a feeling this country will be very unstable in many ways.  

[Some people still managing border runs even though I thought they were dead in the water days ago]

Just read that Indonesia automatically extended the visa of every tourist in their country. This goverment should be doing the same. 

[Thailand Post air mail to the US]

Just came back from Thai Post. All air mail to the US is suspended, you can only ship surface mail which takes 2-3 months. I am guessing there aren't enough flights.

[mosquitos in our tank, how to kill]

If you want to kill all just drop some bleach (clorox). It will kill everything very fast.

[What's the reasoning for visa on arrival canceled for Fiji, Nauru, Vanuatu?]

Fiji, Nauru a Vanuatu are probably one of the most isolated places in the world. If there is a place I would actually feel safe from any virus would probably be at some isolated tiny islands in the south pacific. I wonder what is the reasoning behind banning visa on arrival from these tiny islands located at the end of the world. I am surprised Antarctica was not included in the list honestly. Can my fellow thaivisa members offer some imaginative motives behind the ban?

 

[Thai stock market falling off a cliff]

43 minutes ago, saengd said:

Only in your dreams is that true, statistically it has been one of the best performing indices in Asia for several years.

SET down 20.57% in 1 year. Only beats Blangladesh down 28% (source Bloomberg). Best performing you are the one dreaming, just look at the 5yr graph pretty much no gains.

[Thai stock market falling off a cliff]

The SET has been under performing the neighboring countries for years. Unless there is a change in government the SET will always be the last horse in SEA.