If Thailand doesn't quit this tax nonsense , I for one am leaving. I came here 15 years ago with the understanding of a USA TAX treaty. This country is going to run out their bread basket. Unbelievable stupidity. My family will be the ones who loose sadly though. But I'm not giving an inch on this B.S.
I remember several times in the early developments of the tax issue, Tim would say that many Asian countries also tax expats on income and practically dared people to find a better situation outside of Thailand. Well Tim, there you go. I understand your passion in supporting your new home of the "Land of Smiles", but perhaps you can have a more open, less personal biased reporting of the news. You have stated that you wanted to do a separate program or channel that offers you the opportunity to voice your opinions. I applaud that idea and hope you make that transition. Thanks for keeping me informed of what is happening in Thailand. I will continue the Like, Subscribe commitment, as well as the occasional Super Chat on your Saturday show.
@@timnewtontoday there seems to be a problem with education on all types of pollution in Thailand. We had the same issues when I was growing up in the US. It was never an issue to throw trash from a moving vehicle. It takes educating the next generation to expect better .
Well I can say 100% people are nicer , more genuine , more friendly in Cambodia. It's not that cheap like it was before but many things are still a good value . The hustlers are more aggressive which is annoying but it still overall more welcoming environment
Malaysia also does not tax foreign income as far as I understand, but of course Tim will always ask, “but where will you go?” as he always does as if Thailand is the be all end all.
Never ever put all your eggs in one basket. Thailand shocking how there biting the hand that feeds them but thais have always been like this sitting on there moral high ground. Thailand has a totally different mindset to the rest of Asia.
Climb down off your high horse, you appear to be a dunce-here’s your cap, he’s from Australia ‘mate’, Americans are just like you and others in your country-some are condescending and dunces just like you too!🤡🤡🤡-🤔🧐🤷♀️@@fugguhber4699
@@timnewtontoday It is very important consideration. Interacting with petty bureaucracy and giving them money to waste sucks. Buying condo nonoption now. Also the final nail will be the coming worldwide taxation. Also taxation is theft. Trying to avoid it makes the world a better place.
Hi Tim, just for your information, Loy Krathong festivities started this past Tuesday up in Sukhothai. I suppose elsewhere it starts this coming Friday. Enjoy the festivities!!
Thailand isn't taxing on worldwide income. Imprecise language is very disappointing. Thailand appears to be attempting to tax on income brought into the Kingdom irrespective of where it was earned. This is NOT taxing on Worldwide income.
But the government have suggested world wide income tax from 2025. After this suggestion they have been very quite about it so no one really know when or if this will be a reality. This unclear situation is of course very bad for people who wants to settle down and a good reason to chose another country with more clear future.
Confusion about the expat tax if one stays over 180 days is creating a lot of expats to look for alternatives to Thailand. Many are seriously considering the Philippines where English is the 2nd official language and most documents are in English.
This tax regulation already took a big break on my planning to shift to BKK from dubai. In Dubai we pay Zero Income tax. Yes, living cost is high, but the safety, security, infrastructure r on top level.
Just see Thailand as nothing more than a 179 days a year amusement park. Don't buy a condo or build your Thai girlfriend a house or invest in anything.
@@picadosinferno that means u should live like a tourist in thialnd for 179 days n leave. When i am planning to shift that means I will take a on rent/ buy for years. I will invest in cars n bikes. So all those investments will be good for nothing for rest of the year. Do u think its a good idea???🤣🤣🤣🤣
Air quality bad here in Rayong today! Visibility is reduced. Went outside and the smell of burning in the air was quite intense. So sad that this happens!
O-A visa- which will be better? 800K in the bank or 65k monthly income? If I put 800K in the bank and just use my credit card, will I still have to ‘unzip my pants’ for Thailand to look in?
From America they won’t send a form to show my monthly income from social security ( I made a trip to the embassy in Bangkok. So keeping the 800000 in the bank is easier for me I think some European countries will provide the correct documents. I started using a credit card on bigger purchases so I don’t know to transfer money to pay for bigger purchases I also set up a Wise Account with they have a card that you can use for purchases and withdraw cash from a ATM
O visa means you must pay for re-entry permits if you want to leave and come back to Thailand, but you don't need an insurance policy. OA means it's mandatory for an insurance policy but the re-entry permit is built in. Pro's and con's. 800K by memory, you must have that amount 2 months in your account before renewing your visa and I think 1 month after you get your new visa, something like that.
@@tronwars7130 I read that they want 800000 baht 2 months before and after . I just keep the 800000 year round to avoid any issues. I have the O visa but decided to get the insurance at 62 years old instead of waiting until either I couldn’t get it or afford it . I agree with Tim it’s best to have it and pay out of pocket for smaller procedures, so they don’t raise your rate ever year over minor issues. It’s best to have it if you have a cardiac issue or cancer
I am from Canada I live in Thailand and I already paid a bundle of tax in Canada plus all the tax that I paid here for car ,shopping etc,,,, i don’t have no service here I paid for everything ,Heath care etc,,,,,so there is a limit how much a normal human can pay ,definitely I will not accept to add other tax to my revenue no double dipping ,I hope that some common sens will prevail
If you're an American citizen, you have nothing to worry about because of the reciprocal tax agreements. Just use the ATMs instead of Swift and you'll have nothing to worry about!
7:20 This panic about taxing foreign income is irrelevant to about 99% of retirees. Thailand has reciprocal tax treaties with pretty much all major countries to that your income is taxed either in your home country or in Thailand but not both. So moving the PI, for example, thinking your pension won't be taxed is wrong. PI won't tax it, but your home country will.
You painted the situation as very black and white. As has already been reported, not all tax treaties treat pensions the same. You need to check the tax treaties between Thailand and YOUR country. But, I agree, there are many retirees it won’t affect.
Perhaps you have listened to Ben who say only Thai people are legally allowed to give tax advice, but he forget that he is not qualified just because he is Thai. He is also very wrong about many things, for example he don't understand that all DTA's are not the same. He also underestimate how many wealthy farangs there are, and how they are affected by capital gains tax already today. Frankly, he should stop giving tax advice since he has very poor understanding of it. Wealthy foreigners should also know that the LTR visa is not the simple solution they claim. I have this visa but I have realised it doesn't give the protection they claim.
I have been very curious about the Philippines. It was the other contender before I finally decided on Thailand to retire to and I find it hard to shake the idea that I might save a few more dollars over there while enjoying the same lifestyle. That said, I am loving my time in Thailand and I don't want to get my head too wrapped up worrying about how much greener the grass is on the other side of the fence. At least for now anyway.
It is true ............ "a few dollars" in taxes, or actually having to pay taxes is the price that we might have to pay. However...... I think that there are creative ways to get money transfered here ( Like West. Union ) that are under the radar. WU is cheap - much cheaper than bank transfers - that skim 1% to 2% off the top, super reliable, and readily available. WU.
For me, moving from Thailand to the Philippines was a good step, mainly because of the airpollution, other reason as well (communication for one, and crazy enough Christianity as second) my personal experience from rural Thailand to a small town General Santos (Mindanao), day to day living is about 40% cheaper here. How i know? Same lifestyle, and I have 40% more left over at the end of the month. Lots of other ideas to spend it on😆 hospitality sector and food? Thailand. Living? For us the Philippines.
Can definitely tell you that here in South Bangkok/Samut Prakan the air quality is shocking 😑........not spending too much time away from the house at the moment
I brought a new Daikin AC for my condo, top line model with built in 2.5pm filters. This thing has reduced my power bill by around 75%, just incredible. I run it all the time when at home, this new unit is so quiet that on low I can't hear it, and it has a very gentle breeze of air so you don't get these cold rushes on your face/head while in bed at night. If you are retired or, on a work permit but only rent, it maybe well worth asking your landlord to go halves in a new AC, helping them, you and the environment. No point for short term stays, just check the AC's in hotels/apartments before you book holidays and make sure they aren't 10+ years old as they are usually old, loud and not that good.
There is no tax on foriegner income from outside the Philippines eg.pension, superannuation, etc aren't subject to tax. Also, it's 10 to 15% cheaper than say, Thailand. I live in puerto galera on mindoro,Philippines. Love the diving, drinking and the USD$17 (ST) decadence...
@@pandemicoftheunvaccinated5367 I would say most things are more expensive in the Philippines compared to Thailand, and lower quality. But no tax on global income for non citizens so that is a great plus for high income foreigners.
Regarding the air pollution , what will happen is a committee will be formed in the next month , some very important people will be sent up North to shout at local governors, some even more important people will be sent to neighbouring countries and a memorandum of understanding will be written . This will take about 3-4 months by which point the burning season will be over and they will all have done an amazing job ...have another medal .
Travelled from bkk to phangan today and air quality was not the best everywhere. The german embassy is also advising tourists to avoid fullmoon party and other big gatherings....
Thanks for bringing us the news so diligently every week day and your shows at the weekend. I will be listening to your interview with the insurance agent.
Look lots of xpats love Thailand and will always defend it at all cost compared to most Asian countries but it's mostly them that have never ventured outside Thailand but they are the experts who are we to disagree with them lmao sarcasm lmao
Thank you Tim for having a more neutral (and natural) back ground lighting in the last few weeks. Glad you've done away with those gaudy colours that looked more like a 70's disco dance floor
Hi Tim and congrats to your rugby team winning against England, they do have a kiwi coach now too ! ( as do many countries ), interesting in Cambodia after 182 days you are deemed a resident and liable for tax on overseas earnings, I would imagine most retirees just worry about their pension being taxed, as it seems many expats living in Cambodia now ? not sure, you do a great job cobber ! keep it up, I like youyr neutrality re serious matters , as to just relating the facts as you read them, cheers !
Hi Tim , in Bangkok for a few days , after 5 years absence. Spent a week in Sydney , shockingly expensive. Thailand is the most beautiful place in the world ! 😊
If Thailand doesn't quit this tax nonsense , I for one am leaving. I came here 15 years ago with the understanding of a USA TAX treaty. This country is going to run out their bread basket. Unbelievable stupidity. My family will be the ones who loose sadly though. But I'm not giving an inch on this B.S.
Sippin coffee in Bodi. the exodus began awhile back. You know darned well TLand is notorious for going full retard. never go full retard.
@@neiltufford4731 I don’t want to pay any taxes either, however just wondering what country would you move to 😎
I remember several times in the early developments of the tax issue, Tim would say that many Asian countries also tax expats on income and practically dared people to find a better situation outside of Thailand. Well Tim, there you go. I understand your passion in supporting your new home of the "Land of Smiles", but perhaps you can have a more open, less personal biased reporting of the news. You have stated that you wanted to do a separate program or channel that offers you the opportunity to voice your opinions. I applaud that idea and hope you make that transition. Thanks for keeping me informed of what is happening in Thailand. I will continue the Like, Subscribe commitment, as well as the occasional Super Chat on your Saturday show.
Spot on 🙏
Thailand's annual pollution doesn't improve and never will.
Well let’s hope you’re wrong. They’ll have to do something n
@@timnewtontoday there seems to be a problem with education on all types of pollution in Thailand.
We had the same issues when I was growing up in the US. It was never an issue to throw trash from a moving vehicle.
It takes educating the next generation to expect better .
@bp51326 exactly 💯 but you may as well be talking to the wall here in thailand nothing will change in how to educate this issue in schools
@ I’ve done a lot of wall talks since I moved here.
Cambodia seems to be a good alternative.
Well I can say 100% people are nicer , more genuine , more friendly in Cambodia. It's not that cheap like it was before but many things are still a good value . The hustlers are more aggressive which is annoying but it still overall more welcoming environment
Malaysia also does not tax foreign income as far as I understand, but of course Tim will always ask, “but where will you go?” as he always does as if Thailand is the be all end all.
Malaysia is a bit difficult to get a long term visa unless you have a lot of money.
Never ever put all your eggs in one basket.
Thailand shocking how there biting the hand that feeds them but thais have always been like this sitting on there moral high ground.
Thailand has a totally different mindset to the rest of Asia.
Biting the hand that feeds them? Thanks for the disobedient dog analogy.
I have already escaped from Thailand duo to these taxes and I will return only if such government return back to this insane decision!
Where did you go?
Last year around Christmas, after 4 days in Bangkok, my lungs were about to jump out of my chest and beat the hell out of me.
I can imagine that scene inba cartoonish way
Sewer smell in the bathrooms and air pollution I get a cough throat nose infection like 1x a month 😢
due to this tax new regulation Thailand, a millions farang will leave this country.
If you mean expats, there aren’t even that many, let alone the ones who may have additional tax responsibilities.
Hah, hah............ you are clueless. Probably an American ( uninformed as usual )
Climb down off your high horse, you appear to be a dunce-here’s your cap, he’s from Australia ‘mate’, Americans are just like you and others in your country-some are condescending and dunces just like you too!🤡🤡🤡-🤔🧐🤷♀️@@fugguhber4699
Staying in philippines is very easy. Just extend forever.
Do you rate it ahead of Thailand regarding livability? Food? Culture? Safety? Cost of living? Share some of your thoughts.
@@timnewtontoday None of those. Only taxes. But the new tax rules are sign that Thailand is losing itself.
@@Mr1234qwertyasdfg You live in a country because of its tax structure? Are you sure you’re going to be that massively affected in Thailand?
@@timnewtontoday It is very important consideration. Interacting with petty bureaucracy and giving them money to waste sucks. Buying condo nonoption now. Also the final nail will be the coming worldwide taxation. Also taxation is theft. Trying to avoid it makes the world a better place.
@ ummm ok
Hi Tim, just for your information, Loy Krathong festivities started this past Tuesday up in Sukhothai. I suppose elsewhere it starts this coming Friday.
Enjoy the festivities!!
Thailand isn't taxing on worldwide income. Imprecise language is very disappointing. Thailand appears to be attempting to tax on income brought into the Kingdom irrespective of where it was earned. This is NOT taxing on Worldwide income.
But the government have suggested world wide income tax from 2025. After this suggestion they have been very quite about it so no one really know when or if this will be a reality. This unclear situation is of course very bad for people who wants to settle down and a good reason to chose another country with more clear future.
Confusion about the expat tax if one stays over 180 days is creating a lot of expats to look for alternatives to Thailand. Many are seriously considering the Philippines where English is the 2nd official language and most documents are in English.
Do Aussies go to shool too?
This tax regulation already took a big break on my planning to shift to BKK from dubai. In Dubai we pay Zero Income tax. Yes, living cost is high, but the safety, security, infrastructure r on top level.
There are still ways to stay in Thailand up to 6 months and pay nothing, I don't understand hpw people go all in having options.
Just see Thailand as nothing more than a 179 days a year amusement park. Don't buy a condo or build your Thai girlfriend a house or invest in anything.
@@jw841 here u nailed it.
@@picadosinferno that means u should live like a tourist in thialnd for 179 days n leave.
When i am planning to shift that means I will take a on rent/ buy for years. I will invest in cars n bikes. So all those investments will be good for nothing for rest of the year. Do u think its a good idea???🤣🤣🤣🤣
Air quality bad here in Rayong today! Visibility is reduced. Went outside and the smell of burning in the air was quite intense. So sad that this happens!
Take care
@@timnewtontoday Thanks! I wanted to take my boat out today but that's cancelled.
The thumbnail of that nice man helping those poor girls is heartwarming, not all heroes wear capes!
Or condoms
If it's not flood on the ground it's smog in the air.
O-A visa- which will be better? 800K in the bank or 65k monthly income?
If I put 800K in the bank and just use my credit card, will I still have to ‘unzip my pants’ for Thailand to look in?
From America they won’t send a form to show my monthly income from social security ( I made a trip to the embassy in Bangkok.
So keeping the 800000 in the bank is easier for me
I think some European countries will provide the correct documents.
I started using a credit card on bigger purchases so I don’t know to transfer money to pay for bigger purchases
I also set up a Wise Account with they have a card that you can use for purchases and withdraw cash from a ATM
O visa means you must pay for re-entry permits if you want to leave and come back to Thailand, but you don't need an insurance policy. OA means it's mandatory for an insurance policy but the re-entry permit is built in. Pro's and con's. 800K by memory, you must have that amount 2 months in your account before renewing your visa and I think 1 month after you get your new visa, something like that.
@@tronwars7130 3 months after.
@@tronwars7130 I read that they want 800000 baht 2 months before and after . I just keep the 800000 year round to avoid any issues.
I have the O visa but decided to get the insurance at 62 years old instead of waiting until either I couldn’t get it or afford it .
I agree with Tim it’s best to have it and pay out of pocket for smaller procedures, so they don’t raise your rate ever year over minor issues. It’s best to have it if you have a cardiac issue or cancer
@@tronwars7130 i have had O-A for 10 years in CM. I have to get a re-entry every time I leave the country
I am from Canada I live in Thailand and I already paid a bundle of tax in Canada plus all the tax that I paid here for car ,shopping etc,,,, i don’t have no service here I paid for everything ,Heath care etc,,,,,so there is a limit how much a normal human can pay ,definitely I will not accept to add other tax to my revenue no double dipping ,I hope that some common sens will prevail
Me to - Vancouver Island & Loburi
If you're an American citizen, you have nothing to worry about because of the reciprocal tax agreements. Just use the ATMs instead of Swift and you'll have nothing to worry about!
what if you are buying a condo?? and you already paid tax in usa........you still have to pay tax in thai?
@@summersday9613Buying or investing in anything in Thailand might not be the best of ideas.
7:20 This panic about taxing foreign income is irrelevant to about 99% of retirees. Thailand has reciprocal tax treaties with pretty much all major countries to that your income is taxed either in your home country or in Thailand but not both. So moving the PI, for example, thinking your pension won't be taxed is wrong. PI won't tax it, but your home country will.
You painted the situation as very black and white. As has already been reported, not all tax treaties treat pensions the same. You need to check the tax treaties between Thailand and YOUR country. But, I agree, there are many retirees it won’t affect.
Yes but you have to make tax return even if you don't have to pay any taxes and this could cost to you something for such a service!
Perhaps you have listened to Ben who say only Thai people are legally allowed to give tax advice, but he forget that he is not qualified just because he is Thai. He is also very wrong about many things, for example he don't understand that all DTA's are not the same.
He also underestimate how many wealthy farangs there are, and how they are affected by capital gains tax already today. Frankly, he should stop giving tax advice since he has very poor understanding of it.
Wealthy foreigners should also know that the LTR visa is not the simple solution they claim. I have this visa but I have realised it doesn't give the protection they claim.
Full moon is v.dodgy .At the best of times.😢
They'll be some Police and various Embassy people at work after the event!
Very bad air quality in the mornings here in Bangkok yes , However some parts of Pakistan were showing 700-900 🥹
I have been very curious about the Philippines. It was the other contender before I finally decided on Thailand to retire to and I find it hard to shake the idea that I might save a few more dollars over there while enjoying the same lifestyle. That said, I am loving my time in Thailand and I don't want to get my head too wrapped up worrying about how much greener the grass is on the other side of the fence. At least for now anyway.
There’s plenty of ‘comparisons’ online.
It is true ............ "a few dollars" in taxes, or actually having to pay taxes is the price that we might have to pay. However...... I think that there are creative ways to get money transfered here ( Like West. Union ) that are under the radar. WU is cheap - much cheaper than bank transfers - that skim 1% to 2% off the top, super reliable, and readily available. WU.
For me, moving from Thailand to the Philippines was a good step, mainly because of the airpollution, other reason as well (communication for one, and crazy enough Christianity as second) my personal experience from rural Thailand to a small town General Santos (Mindanao), day to day living is about 40% cheaper here.
How i know?
Same lifestyle, and I have 40% more left over at the end of the month.
Lots of other ideas to spend it on😆
hospitality sector and food? Thailand.
Living? For us the Philippines.
@ It’s a great feeling when you’ve found your Shangri La
Can definitely tell you that here in South Bangkok/Samut Prakan the air quality is shocking 😑........not spending too much time away from the house at the moment
I brought a new Daikin AC for my condo, top line model with built in 2.5pm filters. This thing has reduced my power bill by around 75%, just incredible. I run it all the time when at home, this new unit is so quiet that on low I can't hear it, and it has a very gentle breeze of air so you don't get these cold rushes on your face/head while in bed at night. If you are retired or, on a work permit but only rent, it maybe well worth asking your landlord to go halves in a new AC, helping them, you and the environment. No point for short term stays, just check the AC's in hotels/apartments before you book holidays and make sure they aren't 10+ years old as they are usually old, loud and not that good.
Thanks. Luckily I’ve already made the investment and bought all new ACs
The Philippines is a little too edgie for me.
There is no tax on foriegner income from outside the Philippines eg.pension, superannuation, etc aren't subject to tax.
Also, it's 10 to 15% cheaper than say, Thailand.
I live in puerto galera on mindoro,Philippines.
Love the diving, drinking and the USD$17 (ST) decadence...
@@pandemicoftheunvaccinated5367 I would say most things are more expensive in the Philippines compared to Thailand, and lower quality. But no tax on global income for non citizens so that is a great plus for high income foreigners.
Regarding the air pollution , what will happen is a committee will be formed in the next month , some very important people will be sent up North to shout at local governors, some even more important people will be sent to neighbouring countries and a memorandum of understanding will be written .
This will take about 3-4 months by which point the burning season will be over and they will all have done an amazing job ...have another medal .
Same every year which is why I don't go there jan to march
It's been how it is already for years and years
Every year they say they will stop or slow I down but every year it's the same as before 😢
Travelled from bkk to phangan today and air quality was not the best everywhere. The german embassy is also advising tourists to avoid fullmoon party and other big gatherings....
Looks worse in pattaya
what? The shirt?🤣
@ smog, air quality
Thanks for bringing us the news so diligently every week day and your shows at the weekend. I will be listening to your interview with the insurance agent.
That thumbnail, tho 😮. Those 2 ladies seemed rather interested in the foreign guy's ATM numbers 😅
Excellent information! Thanks for sharing. 👏🏻👍❤️🙏
Thumbs up 👍 Tim
Thank you Tim for keeping in eye on Thailand's air purity 👍🏻
I love all your shirt designs. May I ask who is the maker? thank you
I get them from Lazada and Temu. Online shopping. I’ll never step into a clothes shop again.
@ you got great taste 👍🏽
Look lots of xpats love Thailand and will always defend it at all cost compared to most Asian countries but it's mostly them that have never ventured outside Thailand but they are the experts who are we to disagree with them lmao sarcasm lmao
It's true . People are starting to get more adventurous though and exploring options where it's easier to stay longer with less headache regulations
Thank you Tim for having a more neutral (and natural) back ground lighting in the last few weeks. Glad you've done away with those gaudy colours that looked more like a 70's disco dance floor
Hi Tim and congrats to your rugby team winning against England, they do have a kiwi coach now too ! ( as do many countries ), interesting in Cambodia after 182 days you are deemed a resident and liable for tax on overseas earnings, I would imagine most retirees just worry about their pension being taxed, as it seems many expats living in Cambodia now ? not sure, you do a great job cobber ! keep it up, I like youyr neutrality re serious matters , as to just relating the facts as you read them, cheers !
Tax😴 insurance 😴 visa 😴😴
I miss the good old TNT News
Great shirt. You always look great. 😊
😊💙🤗
Thanks Tim😊
Great news travel 👍
Good morning Tim
Hello to you both
Hi Tim , in Bangkok for a few days , after 5 years absence.
Spent a week in Sydney , shockingly expensive.
Thailand is the most beautiful place in the world ! 😊
Thanks Tim.
Great shirt collection