@Jay ****

1) It was only a proposal

2) It’s from a former government - new governments have new strategies.

3) They can’t get it through with the current interim government.

The whole video is completely irrelevant for fiscal year 2025. Spreading false hope doesn’t help anyone. On the contrary!

Meanwhile the interim government has already declared that upgrading tourism is their primary scope. Not the amendment of taxes on foreign earned income.

@Jay ****

It doesn’t help anyone as the proposal hasn’t come through.

@Lynnette ******

Ah. Now it’s a sex thing. 🤣🤣🤣

@Lynnette ******

In fact I am too busy explaining the true tax consequences (see my other comment) and correct the mistakes that ignorant people press out of their keyboards in an anxiety to draw attention because they have nothing better to do.

Does that explain it a bit better, miss pot-and-kettle second-hand-misunderstood-knowledge-because-by-herself-she-knows-diddly-squat-on-a-subject-which-she-comments?

My best guess is that you misunderstand more than only your accountant, including years of education by your poor mommy. 👍

PS Don’t forget to block me. I’m sure someone in your neighborhood can demonstrate how it’s done. 🤣

@Lynnette ******

Yeah. We all know that you don’t have a tax consultant… 🙄

Being here over 180 days makes you a tax resident. You are paying bills here so obviously you’re bringing funds into Thailand. Whether that is through bank transfers or on the back of a donkey is irrelevant to your tax situation.

On the brighter side of things, tax liabilities are only calculated on the amount you brought in, likely the same as the amount you spent.

You can deduct a number of deductibles. There a reference to the list of deductibles in the group about tax rules:

Thailand Tax rules for expats

On top of that, the first 150k (after deductions) is taxed at zero percent. And last best, if taxes have already been paid in USA then the relevant tax (related to the Thai “income”) can be offset.

Very likely your net tax will be zero or near zero.

Note that taxability of income depends on the source of your money. Two factors would be really important for you:

1) If you can demonstrate the money was earned in a year before becoming tax resident (I.e. it was in your bank on /2024) then it will not become taxable income in Thailand.

2) If your income originates from US social security then Thailand can not tax it as per the Double Tax Agreement between USA and Thailand.

Further information: Join the group mentioned above.

@Lynnette ******

Wrong. Its aggregate. Find a better tax lawyer.

@Pete ******

How is a Bronze Elite Visa illegal?

@Pete ******

It’s a bit shortsighted to value or condemn someone’s actions while being unaware of his background…

I would rather be careful with making such absolute statements.

@Nongnuch *******

Yep. It shows that these agents get (too) high commissions. Try to insure directly at the insurance company (internet websites) will save a lot of money.