Yip, I have worked as an expat for many years, especially in developing world and tax authorities can be brutal once they have you in cross hairs……..I have taken advice and acted on it, everyone to their own……..
That’s correct, I remit 65k a month from my pensions, which takes care of my retirement visa, I dont touch pre 2024 investments……..as that income has already been taxed in the UK it’s a credit against any Thai tax payable, which after allowances is 25k so impact is zero…….but I file a return to stay tax compliant here, don’t want to get bitten down the line…….which is a personal choice
Correct, I have to file a return before they determine that the DTA entitles me to a refund (due to diff tax years- UK is Apr to Apr) they emphasized that income pre 2024 is not taxable, which was also my understanding……so I declare my 65k a month and it’s tax free under the DTA. No sense in pissing off the taxman……….
Tourists by definition spend 2-3 weeks here, as I did for many years with my family, before my wife and I took the decision to retire here, 7 years ago, on the correct retirement visa. What we are now seeing in many areas, is uncontrolled migration through abuse of the visa system and Thai hospitality, some areas are now no go zones due to uncontrolled visa abuse anti social behavior and criminality that invariably follows. It’s driven a property price bubble, which won’t end well and damage to the environment and oceans, not sustainable.