@Andy ***********

That’s great, but still irrelevant because you can’t put money in a bank account when you don’t have one. The whole 65k per month discussion is completely irrelevant.

@Andy ***********

Sure, but he doesn’t, so it’s irrelevant.

@Declan *********

Yep. I too often see that in the tax group as well. When someone asks a question about paying tax in Thailand lots of people jump in with irrelevant answers based on their own situation. It causes much energy to correct that and disclose the assumptions which people made.

I’m not sure what your traveling plans will be but chances are you’ll lose your retirement visa too soon. Not due to money, but due to not being in the country at renewal time.

Anyway, the income method won’t work for you as it must come into your Thai bank, which (I assume) you don’t have. The US embassy won’t give you a statement of your income.

Why don’t you just come on other visa like DTV or something?

@Declan *********

He keeps answering always from his own perspective and always forgets that different people have different situations.

His answer “yes” is correct, provided you are in the same circumstances as he is (which he omitted to add).

Just be prepared for such questions if you are using another bank. No reason to panic.

/

@Andy ***********

Expat retirees are taxed in Thailand unless their income is excluded by a dta! Get that into your thick skull!

@John *******

I am 100% sure my Thai tax liability for 2024 is zero. If you want we can place a good bet.

@Andy ***********

… and then you start to defend your mistake by limiting your generic statement to a single category (which you didn’t in your statement so Pete is totally right when telling you wrong) and you make the next mistake after mistake, merely because you limit your view to a single type of person who probably fits into your limited view of the world… Let me just address the last erroneous statement and then I give up.

“If you have full tax residency in Thailand and nowhere else, of course you must pay tax, that’s the same everywhere in the world.”

First of all you don’t have a clue about “everywhere else in the world” so you’re entitlement to make such a statement is zero and non existent.

Secondly, if you are Thai tax resident and nowhere else, you must only pay tax if you have taxable income. Again an omitted limitation. Your generic statement ignores a large group of people who have close to zero taxable income and who thus may have to pay zero tax.

My advice to you;

1) Please refrain from making statements about taxes when you’re not capable of acknowledging that there are many many different people with equally many different backgrounds which puts them in many many different tax categories.

2) For your personal sake, find help about tax laws. Consult someone who can tell you beyond doubt to which extent you might be taxable or not. Acknowledge your limitations and don’t feel ashamed of not knowing every detail if the laws of a country with an unfamiliar language and an unfamiliar alphabet.

@Andy ***********

Maybe you need to either follow a course how to write what you want to write, or a course how to read what you wrote.

You clearly stated “It’s Thai citizens who are being targeted, not expat retirees, who remain non-taxable.”

There are too many mistakes in this statement. First of all it’s completely irrelevant whom the rules change targets. It might be targeted at polar bears, but as soon as penguins fall under the same criteria the law applies to them too. Whether they are polar bears or not.

1) The law might not target expats, but as soon as they are within the criteria set by the law, which quite likely includes every expat in Thailand, they are within the boundaries of the tax laws.

2) Expats remain non-taxable. It’s a funny thought because this seems to imply that expats were ever no -taxable. Not true. Since the law was created, I believe in previous century, expats are just as taxable as anyone else as soon as they reach the 180-days-in-Thailand limit. There are rules which parts of their income was taxable and there are treaties on a per country basis which reduce the tax load on some nationals. However, if you check the list you would soon find out that there are no DTAs with both the North Pole and Antarctica, meaning that both polar bears as well as penguins will become taxable as soon as they stay here 180 days in a calendar year (provided they declare themselves human beings).

There indeed is (almost) nothing new here. Expat retirees were always taxable but could reduce their ass-essable income by lifting their income transfer over the year end. But this has changed. Since /2024 only savings as per 31 dec 2023 can be taxfree brought to Thailand.

For new expats nothing changed, being that income earned in years before they become taxable resident will not become taxable no matter when it’s brought to Thailand.

That’s all. Do *not* state that “expats remain untaxed” merely because because dta with your particular country happens to protect your particular income from being taxed in Thailand!

There is no such general rule!