@John *********

right and this was not enforced before…u could bring basically limitless amounts of cash without incurring Thai taxes….the new scenario seems to suggest that those monies will now be subject to Thai tax….i get it and don’t necessarily disagree w the Thai government but I’m not thrilled to pay taxes on taxed money

@Frank-Steven **********

American taxation is singular in that USA citizens pay tax on money derived from anywhere on the globe whether u live in the USA or not…there is a threshold amount for that taxation but it’s not particularly hogh

@Bart *************

so you’re saying the earth is not flat?

@Frank-Steven **********

I think so too…to me it’s not a matter of being fair, it just means that I personally will pay 40% or so in America and then 20% on the remainder I repatriate to Thailand…some will stay, others will leave but those of us tied to the kingdom will need to prepare for a large financial pivot

@Frank-Steven **********

seems that way, 10k per annum is just too good to be true without a serious financial caveat

@Jake ******

right, if it was just 20% on only 500k per year that’s still only 20k thb in money paid in fees and taxes for the dtv which would still be a bargain…that said, it’s unlikely that’ll be all one brings over and also makes buying a home or car or whatever here very very expensive

@Jake ******

well you need 500k in a bank…not sure that will have to be a Thai bank but that sounds taxable…I’ve been here nearly 20 years and have found over that period that having actual cash in Thailand is important for all sorts of situations so doesn’t seem feasible to live entirely on foreign credit cards…as per taxing income on overseas funds derived from overseas sources and stored in overseas banks held by non citizens of Thailand (or any other country) does not seem feasible

@Jake ******

u are definitely wrong

@Colin ******

well if you’re paying the very low rate of 10k but then after 180 days funds brought into the country are taxed then it’s not that cheap anymore

@Bart *************

I’m not trying to be argumentative, im genuinely interested in other peoples take in this…it seems notable to me that a new very low price visa wich can be used to stay in the kingdom longer than 180 days was rolled out at the same general time that a tax policy for foreigners who stay longer than 180 days was implemented…do you think that’s a coincidence?