@Jim *******

It's not something you make a free choice over. 180 days in any country means you're automatically a tax resident of that country. Your choice is to stay and trigger that eventuality, or to leave before 180 and not return in the same year (the total number of days counts, even if you leave Thailand a few times during the year)

Possible, but I think more likely you would get a warning about "next time get a visa"!

@Frangipani ******

Tony Morgan is probably right. We know the law but we don't know how the Thai authorities will apply them in practice. The could for example, ask you to show that the cash you brought in matches the reduced balance of savings accounts, hemce it was pre-2024 money. Just one more point, again not yet clarified, is that pre-2024 money would not be tax assessable in Thailand *in 2024*. This was a point that seemed to be stressed in one document I read. Maybe this concession is for one year only.

It is cheaper to go to your Thai Immigration Office and pay 1,900 baht to extend your stay by 30 days. The visa to enter Laos is 1,400, or thereabouts, then add travelling costs

I see so many people saying "but it's up to the property owner, not the tenant." That may be, but I know tenants who have been fined by Immigration because the TM30 hasn't been done.

@Frangipani ******

Sorry Annie I didn't see this one. Investment returns, whether interest on deposits, income from properties (either rent or capital gains), or from an annuity are all income in the year they are credited to you, and potentially assessable for Thai income tax when you bring them in. You can draw on capital that was originally earned before 2024, which is not assessable for income tax this year. The next question should be "how will the Thai Revenue know which was income and which was capital?" Right now we don't know how they will do that. But it may be they rely on us making a declaration of the source, combined with the option of asking us for supporting documents

@Brandon *********

I suspect enforcement will be slow at first. But if the government want the Revenue to collect more tax, it will instruct Revenue and Immigration to work together. First joint question will be "so, who has a visa and hasn't submitted a tax return?" 🤔

@Brandon *********

They won't accept that you live on fresh air, or they may start to worry you are working here. So you'll have to declare something and hope they believe it. Or they simply ask your government to kindly send your home country bank and card records

@Paul **********

Indeed, perhaps so. I expect they will adopt the principle that the tax payer should self-report. But then if they think you're not reporting all your purchases and can withdrawals, they'd throw the book when your records from your home bank or card issuer arrive

@Frangipani ******

easy you'd need to show them your tax records from your home country. This is why our Thai banks, starting with Kasikorn, are collecting our tax reference numbers