ukrules

I only intend to move back and forth a bit for this year and perhaps next year unless I get all my foreign business done this year - which is a possibility. I've never been to PH but I've been to Cambodia a number of times and it seems like a good fit, it will do for six and a bit months I think. This change in the rules comes at an unfortunate time for me as I had planned to use the previous year method to make my transfers into Thailand non taxable. In fact I could just stay in Cambodia for 7 months, so long as I only remit into Thailand I suspect that won't be an issue. Maybe I'll get a local account in Cambodia for living expenses which I can wire in from the UK. The end result is the same and I really don't care if I sit here in Hua Hin or in Phnom Penh for half a year, even if I split it into 2 or 3 trips throughout the rest of the year which is a possibility. The importat thing is that if I send say $500k (not the actual amount, just an arbitrary signifcant sum of money) then I don't want to pay personal income tax on that - the money is completely untaxed anywhere else so it would be subject to full income tax if I were resident during the year of liquidation and remittance - which is easy to avoid and I would be regretting it if I didn't make the move now. So I'm moving to avoid all doubt. Even if they reverse this decision I'm out of here for just over 6 months this year and maybe next year as well. Maybe I'll really like it over there....you never know. The decision has been made - I just need to find a nice apartment or house in Phnom Penh which I will secure in a little recon trip coming up soon. My banks think I live in England, that's incorrect but not my problem as I'm not really ever going back. My Elite visa here is all set until 2040 as well.

I watched that, was a complete waste of time. One of the morons in the audience thought he could transfer in as much money as he wanted until he had stayed for 180 days in a given year and taxation only kicked in after he crossed the 180 day threshold and only for money received after the 180 days. What a genius 🙄 Anyway due to personal circumstances over the next couple of years I've decided that I will almost certainly move to Cambodia for just under 6 months of each year as I want to avoid becoming tax resident in Cambodia as well. They have a 182 day rule down there. I'll then take a short holiday somewhere else for a couple of weeks to top up the number of days so I remain non resident anywhere, perhaps Malaysia or Vietnam or maybe I'll even head back over to Europe for a couple of weeks. I do plan to remit a large sum of money during this period and I absolutely must be able to prove without any doubt for 10 years to come that I was non resident when it is 'earned' and remitted or I will get hit with a massive tax bill of millions of Baht so this is well worth it I think. I think I'll pop down to Phnom Penh for a week later this month and rent an apartment or house with the intention of keeping it for about 2 years.

Nonsense, complete and utter fantasy.

No it's not. These payment providers often do AML/KYC stuff and want to know how much your estimated annual transfers will be. If you put too much then they close your account or ask for more details. So it's AML/KYC - nothing to do with any potential tax return you might need to do next year

Yeah they always last for 4 weeks, I bought a new car once and the lazy dealership took more than 4 weeks to submit the registration.....then it became my problem again and I had to get another one. It's pathetic.

How would you know if it's the expensive / good stuff or the cheap nasty version before it breaks?

I wonder what would have happened if it was one of those hated foreigners?

No safety glass there, such incidents are so easily avoided. Note to self - always use some kind of shattering type safety glass in the future.

Local kids have probably been 'playing' in there for years

It's closer to 0% on computer parts.

How come it took them so long to catch this guy? Surely he renewed his passport every 10 years like everyone else?

But vat/duty is much less than income tax

Best to do 1 year without residence I think and liquidate and remit enough assets during this non resident year to last the following 5 to 10 years. I'm going to check this with an acountant prior to leaving for 6.5 months next year.

I'm going to purchase a new computer at some point in the next year, it's going to be a very heavy duty powerful beast of a machine. Now I could wire the money to my bank account here and spend the 250k-300k Baht on the overpriced components from a Thai computer store to build it here or order the lot from Amazon.com in the US which will work out considerably cheaper even with VAT/Duty on the import and put it all on my UK credit card. Lets assume it's 300k Baht in total. Do I declare this foreign spending on a foreign card as income in the form of computer parts? I am going to pay the UK credit card off with UK income and I clear the entire card balance every month. What if next month I decide to buy a Patek Philippe watch over the internet and mail it in? They cost a bit more.

This is not the first time someone has had their arm cut off in a dispute in Thailand, I do recall this happening before but strangely when I went to the internet to look for the story it was no longer there.

It's still just 1 day in Hua Hin right?

Yes, I bet they're eager. You know they're sales agents earning a big chunk of commission from the Elite package sales whereas they would make nothing or almost nothing on the other options - this is why Elite is 'best for you' according to them. I have an Elite visa and it's great but I got it when I was early 40's so there was no other option. You're both over 50, get a 'retirement' visa and don't bother with agents and if you're really interested in the Elite visa go direct to them.

I never use Edge, I removed the icon and then proceed to use Firefox and Chrome, depending on what I'm doing. The Edge files are still on my hard drive - but so what? Who cares? I never use it.

I wonder if they match the name on the ID with the actual account or will they still allow random people to pay cash into your account - quite likely I would think. But they keep track of who it is!

Just one question, why does it say this at the top left corner of the video : Where in Thailand is this?

Hong King 'in kind' Bitcoin ETF approvals are expected pretty soon. I believe they are targeted at the Chinese market and allow direct exposure via brokerage accounts. It has been notoriously hard to purchase Bitcoin in China at some times over the last few years, with this new development, if approved it will allow the Chinese to gamble their money on Bitcoin through their brokerage accounts. I heard the Chinese love that sort of thing.....

Yes, he or she should be fired immediately.

Local outrage - what nonsense, now national action? What is a crackdown on foreigners? Are they going to hassle us in the malls? 🤣

lol

That's the language of the street criminal, did you learn this from TV or is it something you've lived?