just became a risky retirement plan.

@Darren ******

The issues people will get soon enough is if you are in country longer than 183 days, they will be able to check if you filled a tax return! Crack down after crack down! Thailand has more crack than RFK and Hunter combined!

@Larry **************

In deed. The letter from the Tax office looks like this: Dear Mr Gearhart. We notice you have not filled a tax return for the last 5 years; We do notice that 1,000,000 Baht has been deposited in your Bangkok Bank account each year from your pension provider. We also notice usd550k deposited last year, which I am still investigating for use in a house purchase using a company with nominee shareholders already found guilty and is also subject to income tax which you will be advised of at a later date (if you transferred this money to your wife as a gift and you also live in this house you will both be prosecuted for fraud). We are therefore applying emergency tax to your account of 340,000 baht (34%) per year plus 680,000 baht per year (200% penalty) which make tax due of (340,000+0) *5 immediately, failure to pay will result in criminal proceeding! Since you are late filling, we will not allow you any allowance nor will we respect any dual tax agreement. In respect of your illegal house purchase this matter is with the commerce department who are preparing a criminal complaint against you. Kap Kun Kap!

@Pete ******

BTW they don't speak English and are not authorised to give Tax filling advice.

@จอห์นนี่ ******

by then its too late, the fine is 200% and a criminal conviction!

@Larry **************

The directive from the finance minister was: As 1st Jan 2024 the tax office will enforce the tax laws on all residents regardless of nationality. The first tax returns due under this new regime should have been filled by end of March 2025, that was only 8 months ago. You have to give them a little time before they start the enforcement through prosecution. If and how rigorously this might be enforced remains to be seen. If you believe you are off the hook because they have not knock on your door yet, you and your friends are a little premature!

@Larry **************

Why would you hear from them? It's your responsibility to be compliant.

Globally Tax offices rarely give Tax advice.

@Graham ******

u do not need a bank account to pay a deposit, the funds must come from outside of Thailand.

@Graham ******

Cannot pull out of sale without Lossing deposit (10%) They ask for the sales agreement and proof of fund transfer.