I'm living in Thailand and have a bank account here. My pension is in my bank in my home country, and it's a small amount under $25k/yr, which has no tax on it. I kept my investment money in Bitcoin. Whenever I need the money, I just use my debit card or visa card. I do banking online remotely, and I can pay bills or transfer money to here when I need the money or when purchase a big item. I don't understand why you are so worried about tax.

“F” them.

Check the 10-year Long Resident visa that costs 50,000 baht. Annual residence notifications, fast track exit and entry, other privileges depending on visa category. See Board of Investment Thailand.

If you're resident in Thailand for a cumulative 180 days in a year, you may be subjected to Thailand income tax on world wide income regardless of whether you make money transfers into Thailand or not. Taxation limited by any Double Taxation Treaty.

At 650 000 bahts it is still not a great deal for 5 years. The DTV is the way to go for 5 years. It would be nice if they reintroduced the previous 20 years Elite visa at 1 million bahts. That one has a niche. They should give some tax exemption for foreign income. Otherwise it is a waste of money.

Still garbage - everyone switching to DTV for free

If you look at the way they've made these changes at the same time, it's pretty clear to me that they are trying to gain more taxes. So my guess is that they won't give a break. I would consider the new elite Visa at that price and consider investing in Thailand. Since the new tax laws are now in place I've planning my move already.

HAHAHHAHAHAHAHAH.......FHUCK THAILAND!!!!!

Great value. 5 years in Thailand is priceless

Every smart person will get the DTV. This 600k is ridiculous in comparison to DTV

Dropped prices?? Just a new category. All other categories are the same price.

So the entire video provided no details on the new visa.

They haven’t reduced the price at all, they just have introduced the new Bronze privilege card, which at this stage is only planned to run for 6 months starting on December 15th.

Elite new price is a big scam. Just get the DTV or the LTR if you have the means.

Vietnam is far better than Thailand, best way to retire in SE Asia is to spend a few months here and a few months there!

Shorter videos mate.

The 800.000 baht on your bank account for an 0 retirement visa. Means tax to bring the money in. Which means less retirement people will choose Thailand to retire in. Less will be spent in Thailand if Thailand taxes people. Thailand is going to have to think things over again.

Thanks. Great video. Lesson: Never put all your eggs in 1 basket as any country can change their rules anytime. Always have multiple levers/flags. Could you please also make a video on whether it's possible to be a tax resident of nowhere, by living in 2-3 countries in the year. Assuming of course that one follows each countries' tax residence rules carefully. I keep hearing that opening bank accounts will be an issue without a tax residence ... But what if one already has all the required bank accounts in place? Can this then work in practice then? Thanks in advance.

Thanks for the breakdown! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

Still way too expensive

Do Thailand do a trust .cheers

Cheapest and easiest LT visa in the region would be the Philippine retirement visa. Written in law that as a resident alien, you are not subject to tax on your foreign sourced income unless its for work performed in the Philippines. Cambodia also an option while they have no mechanism in place to tax foreigners on foreign sourced income, but apparently there is a law for it.

no taxation without representation

you should have to pay tax as well

Any visa you get have to pay Thai tax if you become thai tax resident ( >180 days reside in thai) ....I think that thai gov.have different departments ( Immigration,BoI ,Elite ???)to issue you a Visa but they did not deal with the Tax Department about the tax issue ...😂😂😂 So .....😂😂😂 No clear promise that you have an exemption on Tax ...

Considering the cost of living has doubled, can't see why aged pension has not

Long-term elite visa holder here. The only thing those I talk with want is either tax exemption or a preferential treatment of assessment and rate. If this isn't addressed the LTR may be more appealing. For me I'll be sure to spend more time in Malaysia etc next year.

Does this work for DSP (Disability Support Pension) or just age pension?

What about people on a disability pension what are the rules if over 50

Hmmmm that's $20,000 + in income tax... sounds like a good visa ... Better in Philippines not offshore tax Philippines is territorial tax

Thanks for the analysis! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

can you pay it through crypto somehow?

I went overseas for a three month holiday. Centrelink contacted my council, water company, electricity company, gas company, and car registration after six weeks, and cancelled the concessions I receive under the age pension.

I’m 68 years old I’ve lived in Australia all my life I’m now on the aged pension now I have a Thai wife and we are thinking of moving to Hau hin Thailand I have limited funds but own my house which I would be selling to move to Thailand so can I get my pension if living in Thailand.

I'll be in touch when I am 67 unless i win lotto before then

Unless you’re about to leave without any assets, the first and most important discussion is the deemed disposal tax aka ‘exit tax’ this is a real turn off for some Could you address the ways to mitigate this and whether any DTA’s in Asia have helpful provisions?

*Good Formula's Movement by New Malaysian Madani Government lead by New Prime Minister PMX DSAI Anwar Ibrahim - Welcome to Malaysia the truly Asia*

Awesome!

Also the white elephant in the room your missing is Pollution . Thailand helth minister sead on tv ..that if you live in Bangkok..you can shorten you life span by 8years

In Australia 40+% on gat fat welfare payments Another 30-40% on middle class welfare public self servents

Good summary. As a non resident of Oz my banks there have tightened up in the last year or two wrt what they require from me to prove my offshore residency, taxation status, and identity. Just a few more hoops to jump through every year or two that I didnt have to do in the past.

IN AUSTRALIA WE DONT TRUST ASIAN. BANKS

Thailand has signed double tax treaties with several countries, which provide tax reductions or exemptions for expatriates from these treaty countries. This allows them to avoid double taxation in both countries. Expatriates can check the double tax treaties between Thailand and their country to see if they are eligible for certain tax reductions or exemptions.

*There's no need to tax Foreigner or even citizens bringing in money from outside Malaysia... it already contribute to the government coffer... unless the income is derived in the country.*

😂 this video. People talking just to talk and blabber about nothing. You need a license for a motorcycle worldwide, if it’s a scooter you’re fine. And if you can get insurance without a license then you don’t need one. Common sense. What kind of insurance company is going to insure someone that doesn’t have a license then ask for a license when you get into an accident? What are you paying for then?

The problem with Malaysia is the visa. You can't just live there as a normal retiree. The money they require is insane

Good video! But with new "Tax" issues/hassles being added to existing "Visa" issues/hassles, we all crave a video on the SE Asia version of the Schengen Shuffle. (Doubtless you know some Shufflers personally.) Since the hi-rise condo lifestyle is similar in Bangkok, BGC, Da Nang, Phnom Penh, etc, a semiannual shuffle would likely involve much less Process, Drama, & Expense than all this government tomfoolery. How about a couple of model pairings or a trifecta, along with a time line of the extensions, visa runs, and exits necessary for an ongoing circular Shuffle...?

Good & informative content👍

All nonesense. Thailand taxes income post 1-1-2024 remitted to Thailand. The majority of retirees can remit from. savings (or sale of assets) held pior to to 1-1-2024 so there is no TH tax liabilities.