1. Don't retire in Thailand. 2. Don't bring big money into Thailand. 3. Rent, don't buy. 4. Consider other countries

That's a bummer - the US has a $500K capital gains tax exemption for a couple selling a house. If Thailand wants to tax 35% of that $500K, I'm out.

This is a MASSIVE RED FLAG for me considering retiring in Thailand! Thanks for a very informative video 👍

Well, I think this is going to crush the housing market in Thailand.

This conversation has stalled my plans to move to Thailand. I need a LOT more clarity before I am comfortable knowing what my tax status would be. Thanks Chris.

This has definately changed my mind on staying in Thailand, I think I will start looking where to move to. As much as I love living in Thailand, the government just makes it to hard

My wife and I have been retired in Thailand for a bit over a year now and planned on being here forever but now with the headaches of financial reporting and to also have the need for an accountant in Thailand, we will live in Thailand for under the 180 days per year and the rest back in Australia! Bloody disappointing situation!

This is NUTS!! I had Thailand on my list to retire but these Tax changes have me reconsidering. Dale (Perth Australia)

It seems to me that Thai government does not want retirees with monthly pension or small savings. Personally, I have decided to put Thailand aside if the government plans to make my retirement super difficult with harsh immigration and taxation laws. There are many countries that don't tax my pension and savings. Hopefully Thai government learns a lesson from this taxation experiment and backtracks...

This change is timely for me. I planned on retirement in Bangkok, but now I can look elsewhere and sidestep this issue. If this had happened after I arrived, it would have caused great difficulty. This will not only stop the flow of expats into Thailand, it will reverse it.

Run from Thailand. Holidays and run fast. Thank you Chris! You are n1!!!

It’s literally insane for savings to be targeted. If this is the case I’ll be retiring to Portugal and not Thailand.

So we get taxed in our home country on our earnings and then we get taxed again if we move to Thailand and bring our savings with us?! That's completely unfair and absolutely unacceptable to me. Thank you Chris for bring this to light.

Well, that just knocked Thailand off my retirement list...

Who in their right mind would want to buy any property in Thailand next year? If we sell our property in Australia and many other countries, we are usually afforded capital gains tax exemptions or discounts of 50% tax free. There is absolutely no way I would want to move a large amount of a property sale proceed in Australia to Thailand if I am found to be subjected to potentially 35% tax! No vehicle purchases either. Everything now cancelled/on hold. Basically adding tax charges for remittance of funds to Thailand plus VAT tax on top!! A property market crash to come? A huge glut of unsold properties and bankrupted/insolvent property developments could ensue, that relied on foreign investments before. Plus unemployment for Thais. Basically so many income sources are targeted if this is enforced. My privately funded Superannuation pension also will be taxed. Contributions put into my Super fund were from taxed income. Our Australian government has pushed hard for Australians to achieve a self funded retirement pension and enjoy tax-free benefits. Now Thailand is considered a hostile taxing country where my very hard earnt retirement pension is going to be fleeced by probably around 15%. No thanks. I don't love Thailand that much. And triple tiered pricing in hospitals, national parks etc. No entitlements as a tax payer really. So for what? Even countries that have their pensions pre-taxed, you may still be taxed the difference if the Thai tax rate is higher. So if you think that you are safe because your country's pension already taxes you, you may want to make sure it's above Thai rates. Read the fine print of your dual tax treaty arrangement. How many of us seriously have set up different accounts for each income asset class? Share dividends, managed fund distributions, other investment distributions, savings interest, capital gains proceeds, salaries, pensions, tax refunds (including franking credits), etc? Now the thought of having to forensically dissect my account for past deposits is basically impossible. In Australia we only need to keep tax records for 7 years. It's only property investments where we would retain all records of outgoings, from purchase date to claim a capital gains deduction on sale. If we had for example 10 years of savings in an account, who realistically keeps records of every transaction source? Once a tax return is lodged each year in Oz that is it. Now under Thai law interpretation, I need to be able to backdate each source! Ridiculous. Until there is clarity, I'd suggest any person planning on retiring to Thailand, be extremely cautious and move minimal funds in. Don't buy, just rent. Do not purchase high ticket items. And perhaps look at other countries to retire as a backup. Wealthy elites and investors will have the loudest voices. And expats as a whole contribute a fair amount to Thailand. There are billions of Baht in Thai banks from foreigners. So we are not an annoying insignficance. A large majority of expats retire here because of cost of living benefits. The extra taxes take that away. Exodus coming.

Wow. Wow, wow, wow. My husband and I have been considering retiring to Thailand. Now it looks like we will retire elsewhere and visit. Keep my money out of Thailand. Thank you so much for this comprehensive interview. Excellent information. I think this is going to lead to LESS money for the Thai government, not what they expected.

I'm just as confused after watching the video. When I cash in my Roth IRA and sell my home and take Social Security and retire, if I have to pay tax to bring it in to Thailand, I won't be coming to Thailand. I'm not going to do taxes in the states and taxes in a foreign country. The Thai government better think long and hard about what they're doing.

As a Canadian currently retired in Thailand, I very much appreciate your work digging into these tax changes for us. Nice work bringing in some expertise on this one. Thanks Chris!

I'm currently on holidays in Thailand, watching this in horror. I'm 52 and intended to retire at 60 and live off my Superannuation. If i have to pay tax AGAIN on my savings. Then I'll be retiring somewhere else. Side note. Every time i buy something its got tax on it.

decision changed after this crystal clear discussion. THANK YOU SO MUCH..

Meeting with a tax specialist and receiving the proper information was an excellent initiative. Thank you very much 🙏

Thank you. We are Americans who have been Retired in Honduras and were planning to sell everything and move to Thailand. Since we live off our dividends, this would have a huge impact on us. Thanks again Awesome videos.

OMG !! We were planning of moving to Thailand , we are both retired , my wife and me , but this new law changes everything !! If this is truly a fact , I will keep following your updates , but then I don't think we will be coming to Thailand .... This is really a crazy law !!

This is exactly why RENTING is so much better than buying in Thailand…dodged that bullet 🎉🎉🎉

Thanks to Mahanakorn Partners Group for this interview. Excellent find and referral Chris ! For my own notes: If I already paid income tax in the U.S., I don't want that money taxed again just for moving it into a Thai bank just so I can meet residency requirements. Also, the complexity of the tax risk sounds uncessarily painful (IMO). So skip the residency, just be a winter snowbird. 5Dec2023.

My sister comes from u k and now lives in Spain. She is fortunate to have the funds to employ solicitors and accountants. The tax system for her in Spain appears similar to what the Thai Government wish to start in 2024. She said even though I have an accountant it is still a headache trying to provide evidence of funds. Don’t need the headache or the uncertainty in my retirement.

Im not paying taxes again on my income... my savings is mine... I planned on selling my house and using it to retire there... now I dont see how this is possible. Really upset and have to think of other spots...

This is potentially a game-changer for me. I've been retired in Thailand for 4 years now, taxed in the US, but if this rats' nest of tax red tape remains in place, I'll be looking elsewhere (I'm sad to say).

Another great video...thanks Chris! After working and saving all our lives, my wife and I were originally planning on spending a great deal of time during retirement in Thailand. But now, unless they change the definition of taxable income, there's NO WAY in hell I'm spending more than 180 days in Thailand going forward. This is yet another example of a poorly thought out process by Thai officials and it's going to backfire on them spectacularly. No smart foreigner is going to allow a money grab on their already taxed foreign income...definitely not me! I've already spent a lifetime carefully navigating and planning around the US tax code to allow a 15-20% tax by the Thai government. Can you imagine having to submit years of sensitive US tax returns to the Thai government to decide what is taxed and at what rate over the years!?!?! Yeah...that's not happening! Hello the rest of SE Asia that isn't Thailand!

Yes. It’s going to hurt people moving to Thailand. We will probably be looking elsewhere. Sad.

Excellent interview. The case study questions were a brilliant way to glean information from an obviously keenly smart and knowledgable advisor. Very informative. Fantastic journalism. Great job Chris!

Thank you so much for this video. I have been saving and planning for years to retire in Thailand, infact I just came back a couple of weeks ago from spending a month there, partially a scouting trip for potential places to live. Two days after I got home I heard about this and well, if this is the case I will now be looking elsewhere for retirement. For those of us who will not be retiring millionaires this makes to much of in impact on me, financially. Also, I am bringing pets with me so moving around to other countries half the year to avoid this isn't an option. It's such a bummer, I love Thailand but not enough to pay taxes to them on money I've already paid taxes on.

This is next level Chris. Absolutely the best explanation I've heard. As a fellow Canadian I was weighing the complications of full expat vs snowbird. Think I'm going with the under 180 days now. Avoid Thailand tax and keep my Canadian perks. Cheers

Great choice of interviewees. The man is very knowledgable and articulate.

Great clarity and information, Chris. So, retiring in Thailand brings not only Thai income taxes on monthly pension and other income earned outside the country on top of paying income taxes on worldwide income to your home (US) country, but also on any savings to supplement living expenses one pulls in. This latter tax resembles the wealth taxes of Spain, Italy, Greece and other countries, which claim to tax one’s worldwide assets of. Any value about a threshold of about 100,000 euros. So, money that these govts did nothing to help one earn decide they want the money anyway. Of the countries, Spain has the highest such tax, which is 2.8% annually, which means over 10 years the Spanish govt takes nearly 1/3 of your assets. For all of these govts and Thailand as well, one also must file annual returns in a foreign language which means having to hire firms to do this, including transaction costs, just to remain in them. Here in the Philippines, I only pay US income taxes, and nothing to the Philippine govt. As a US expat, I can consult online from here, and exempt up to $124,000 of income from US income taxes. My visa to live here required I only had to deposit $1,500 in. Philippine bank and it renews annually for $10. English is spoken through the country. A total zero BS lifestyle. I can’t imagine why anyone would want to put themselves through the nonsense of retiring to the Thailands and Spains of the world just to have a retirement in warm weather.

Man...this changes a lot for me. I have about 3 years before I was planning on moving to Thailand. Living off my 401K and Pension... Now I am definitely second guessing that decision .

Oh my... scary to move to Thailand in 2024 until more info on how this new tax law plays out.

In Aus we complain about the Tax Office but this is a perfect example of the clarity we’re accustomed to in western countries that just isn’t a thing in Thailand. You gotta take the good with the bad… but in this case I might just skip out of this place.

Just like anywhere else, if you ask 10 attorneys their views on yet to be enacted laws, you are going to get 10 different interpretations. Worse case scenario is I live 6 months in Thailand and 6 months elsewhere. Best case scenario is this whole thing dies in a flaming heap like so many other things in Thailand have in the recent past. Just over a year ago you could do serious prison time for smoking a joint, now there is a shop every 100 meters selling you all the weed you could smoke. Oh, remember, according to Top Officials and Police, there is NO prostitution in Thailand.

I genuinely love Thailand and I've been visiting here for 30 years from the US. I've been living here in semi-retirement for almost 18 months now. It appears that as it's written now, it could cause a significant net negative impact on the economy of Thailand. Sure they could get more in taxes from money transfers, but they will potentially loose billions of USD overall because Investors want stability, not new tax laws made specifically to target them. Foreigners will invest in places with less tax liability, and less paperwork to prove where the income was derrived. Even retirees that don't have to pay additional taxes might have to go through additional filings. I don't want that hassle or the potential that I might be charged taxes here erroneously or even accidentally. Another solid report Chris - thank you !!

Hi Chris, I have been watching your videos and many others that really got me excited to move to Thailand. I paid $18,920.00 US dollars for an elite visa. I was going to sell my condo in Hawaii and move to Thailand. Now I am totally pissed off and regret the thought of moving there. I guess I will just visit Thailand for about 5 months of the year and spend the rest of my time in Hawaii until my visa expires and then I will look at the Philippines as a retirement place and spend my money there. This law is going to chase foreigners out of Thailand and stop many people from ever thinking of retiring there. The government can sit back and watch their economy get destroyed by making terrible laws like this. Even if they make changes to the new law people will not have any faith in moving there because of the scary rules that they think of imposing after they have already moved there. I for one of many that will be in that category. Thanks for investigating Chris. I love your channel keep up the good work. This law affects people like you that are trying to get people to move there also. (What is the government thinking .)

I have enjoyed living 7 years in Thailand. However this new government has lost me. Its time to go. Philippines 🇵🇭 maybe? VIETNAM, Bye-bye Thailand

Chris, great video! Thank you for all your hard work! I have been in Thailand for 2+ years, love it, but due to this law, i am now in Vietnam as a plan B, should clarification not come promplty or at all in retirees favor. New plan is less than 6 months Thailand, then share the economic benefit with Laos, Vietnam & The Philippines for 6 months plus 1 day each year. Red tape and tax head aches are not what we need to be dealing with in the 2nd half of our lives! Looking forward to your update! 🤞🙏 Thanks again and Cheers for doing this for the rest of us! 🙏🙏🙏

Chris another great video. As a brit expat been living in Thailand for the last 12 years and married to a thai, I will definitely consider and probably will move elsewhere. I am not paying additional taxation on already heavily taxed income. Thanks so much.

Thanks Chris. So to get to Thailand I have to travel 30 hours. Then I get a 30 day exemption. Have to get a visa agent to arrange a bank account to deposit 25k to get a retirement visa for a year. Then I have to report my address to immigration every 90 days. And now I have to file a tax return and possibly pay the difference in taxes between Thailand and the U.S. I love Thailand, but I will have to pass on this. It is more about the BS paperwork than the taxes.

Retiring Thailand is on permanent hold now. Can't own property, duel pricing, taxation without representation.

Thailand is history 🔥

Fascinating, Intriguing, and Absolutely Mind Blowing. So after more than 30 years of listening to it, it is actually true about how the Thai Brain works. As an EU citizen my retirement choice, although very different, was between Hua Hin, TL, and Corfu, Greece. Greece being the more expensive but least problematic has now gotten my money.

I live here and am worried I may only stay under the 180 days next year, also several of my friends paused their move here after hearing about this new law.

Can you make a video on “Exit Strategy - Thai style”, many people will prefer to just leave rather then deal with the uncertainty

This will back fire hard on Thailand.

Thank you for taking the time to put this together It's very insightful and very thoughtful great work

Great explanation of the very draconian new tax laws. I was thinking of retiring there, but now it's out of the question. Will remain in the Philippines or Cambodia, where the visa and tax laws are so much better for foreigners. Go where you are made welcome folks. Thailand is really shooting itself in the foot...again.

Thanks for this highly informative video. Currently, as an expat from the US for example, you could easily retire in Thailand on social security benefits of $2,000 - $3,000 a month. For people like this, the new law would be a game changer because their lifestyle In Thailand would be considerably impacted. Hopefully Thailand will be smart enough to not penalize people who want to being their earnings and savings in order to spend it a country where the workforce would benefit. I see it as a TRIPLE tax - once at the origin, once in Thailand , and once again in Thailand from the businesses and people who derive income from the money spent. NOT good .

Why would any foreigner agree to this as we get zero benefits from the country. Example: we pay ten times more to enter a park.

From ur channel I got this Tax n Law consultant firm. And i have sent them one inquriy. And believe me I got the reply within 30min and tomorrow 2nd Jan, i will have my Zoom call with them. No show off, no attitude. Simple approach. Great Tax n Law firm. Thank you.

Exellent, the best information I've seen on this so far. It really is far reaching for retirees. Not only the burden of paying tax but also the administration and paperwork, cost of a tax accountant etc. All of those coming next year (that was our plan) potentially paying tax on the $800k each transferred in for the visa bank balance too. Its a bit like Brexit - all the Brits retired to Spain thinking it won't apply to them, but of course it does. You either fess up, do the tax return, pay the tax, or break the law and potentially get caught. Or third option - retire somewhere else instead. Option 3 is looking more and more attractive!

Thank you for posting this Chris. I just scrapped my plan to move to Thailand. The overreach of this amendment is so destructive. Thailand will just be on my list of places to visit now. Truly disappointed. Thai government needs to rethink this. I'm not opposed to paying taxes but you get nothing in return after spending money on Thai rent and services. Plus having to pay an accountant to prove you were already taxed? That's more money out the window. This will hurt Thailand in the long run I fear. So disappointed.

Yeah, my dream . To retire in a place where I have to file and pay tax on my retirement and savings . Every 90 days do a report. Every year do a visa update for a new visa.

Taxing money which was accrued prior to becoming a tax resident is crazy and I don't think that is done anywhere in the world. I doubt that will stand up to the inevitable court challenges if that is indeed the interpretation.

Your video quality is always amazing! Keep up the great work. Planning on visiting Thailand soon.

So the money i have in tax free isa investment accounts in the UK will be taxed at the full Thai rate when brought into the country as monthly income. Currently between 15-20%. We also have a tax threshold in the UK where you only pay tax after a certain amount, in Thailand that would be fully taxable. This also makes bringing the 800k bht into the country for the visa will be subject to it even if it comes from UK savings. If Thailand don't want me to come and spend my money there, I'll have to look elsewhere.

My wife is Thai. This kills any idea she ever entertained about buying a home for us to retire in. Thailand can pound sand. She has little enough good to say about her government.

I am happily married with a Thai women for the last 12 years and we live in a South mediterenian European country. My wife is working and she has a resident card that provides to her ALL the Same rights every person in this country has. Health insurance pension social benefits education unemployment benefits exc exc. She do not have to go to make a year Visa get stamped report every 3 months and take photographs of our home and our bed. She pays taxes but the first 10.000 euro is tax free. If we move back to Thailand and we want to take our savings our pensions and our home renting income that all are already taxed in our country we will need to have all this hustle for what.... I am farang i will never have a proper resident card i will never have acces to the Thai health system i will never have any kind of rights.. and i will still need to report stamped take photos of my bed and charged X5 times the price of a Thai in a national park exc......even though i will now be double taxed.

WHO IN THEIR RIGHT MIND, with a tax law like this, would be encouraged to retire in Thailand off of savings, that's ALREADY been taxed over the years? Hence, Social Security and personal savings accounts. Who on earth would want to bring any retirement resource of savings into Thailand? NO one!. THIS IS ABSURD indeed. There is no way I would want to retire there under those circumstances. That's just highway robbery and basically DOUBLE taxed. It's SAVINGS for god sake, NOT an income. Thailand would be cutting themselves off at the knees under this new law IF this is the case. I would never retire there and have my money moved there if it is considered "Income". That's crazy! RUN for the hills retirees. I might as well stay where I'm at in the states.

Well this is a bit awkward Chris! Thank you for attempting to get some clarification on the implications on retirees savings / retirement payments when bought into Thailand. My wife and have been setting up our future here in Thailand for a number of years, and we both hope the new amendments don't kill this dream.

Great topic for these times. Thanks for bringing in a pro Tim, great topic! I learn something every time I tune in to your channel. Great work buddy!

THank you so much for this video Chris. Really look forward to the next update. 🙏🙏

This is very bad for the retirees if they pass this law.!! I may change my new home to Vietnam instead of Thailand.

So, the conclusion from this video is that we are unsure how this law will affect people bringing savings into Thailand. According to the interview, the accountant suggested that a tax event is triggered when savings are transferred into a Thai bank account. If that’s the case, then this is an absolute game-changer, and many people from the West will likely be rethinking their strategy when it comes to living in Thailand.

Wow, great video Chris!!! Thank you so much for fielding these tough questions and researching a tax professional to help explain all this, again, many thanks!!!

This is absolutely the best and most intelligent video I have seen on the subject, keep up the good work.

This is such a pity... I was born in Thailand of America parents and all I wanted to do all my life was to live in Thailand. I have just a few more years to my retirement. I was looking forward to my new life and my learning all things Thai. I feel as if "The rug of my deepest personal dream to live in Thailand" has been pulled out from under my feet. My husband is from Mexico, so I guess we will either live full time in Mexico and just visit once and a while Thailand. It is very sad for me. I did notice that there is a flooding of Chinese coming into Thailand. I wonder due to the poor economy of China if the Thai government decided to watch "incoming money" from outside sources and declare a "type of war" to these personalities hiding their riches inside Thailand and away from the CCP. Maybe Thailand realizes that this is their chance to create great wealth for the government by fixing this "loophole" of "no taxes paid by extremely wealthy personalities running away from China" into the arms of Thailand.... "Thailand decided... no way will money come in this way".... now... "small already taxed incomes like mine and my husband will be "more than likely be taxed twice".... the economic problems of one country (China specially) is creating a huge economic impact of financial uncertainty at a 35% tax on money already earned and taxed..this is extremely unfair. My dream (my life goal) to return to Thailand where I was born and experience this world will not happen for me. Thailand will suffer in the long run. Thank you Chris for the information and providing someone like me make good financial information on such a heavy tax from Thailand that I am not willing to pay twice (once from US then follow a second pay to Thailand).... "poof" goes my dream to live in Thailand.

Too bad, this is a game changer for me! The Thai tax accountants will surely benefit from this new law.

Outstanding interview! You asked all good questions. Thank you for posting.

Well was retiring in 3 years and moving abroad. First Malaysia bit the dust and now Thailand. I feel sorry for those in the condo and retail businesses. Not only is this a nightmare to enforce but also a major disincentive to move to Thailand. They are off my list. Looking to Panama now and only vacations sometimes in Thailand. Even if they modify this, uncertainty and the prospects of draconian changes nullifies the appeal of the country for residence. Good luck to Thailand as they will need it.

Fantastic and professional interview. Great tax expert, and wonderful guy to listen to. Thanks a lot Chris. Well done mate !.

Great video and very helpful Chris. Thanks for taking the time and finding a good resource to bring us up to date on this. Hate say it is clear as mud at the moment and only time will tell but at least some of the implications are coming into focus. My thought is to hire this firm. 🙂

This definitely changes my plans. I was going to spend 9 months in Thailand and 3 in the USA. With Thailand being my home and all the toys included cancel that plan now. There are a lot of other sunny beachy places with better expat tax rules

thanks chris for going above and beyond with looking out for and keeping us informed about this new ammendment that will affect us all in one way or another still keeping the dream alive i hope that they work out in a positve way for us all

We are 3 weeks before Jan 1st and its still a total mess. Just WOW

11:00 And, as a tax resident of Thailand, I would have to report all income, no matter where it is earned on the planet and no matter whether the money is repatriated into Thailand !!! This sounds aweful !

Excellent information provided, CP. Thanks very much!

Another outstanding interview and yes maybe people are making plans and just gonna wait it out and see what the final outcome of this situation is outstanding interview well done

Starting to look like Thailand will just be a short term visit from now on. What a shame. Thanks for the info Chris.

It’s pretty much a progressive sales tax because you’re transferring money over there to spend it. The ways to avoid it are to spend less or not be there over six months. It will have a lot of unintended consequences. Just the extra compliance effort and cost, plus, do you really want Thai officials knowing how much money you have? I don’t.

Thank you Chris definitely appreciate your good work on this issue. ❤

Thailand just did that to make klauss schwab happy, he came few years ago to set rules after covid operation.

So you either pay heavy taxes there or you stay in country less than 180 days. If you want to stay longer you need to hire a lawyer or tax pro to plan you tax strategy (money flying away), you still likely need to pay some on taxes (more money flying away). Mess anything up in paper and may need to pay even more in taxes. When I move overseas to retire I have no desire to need to jump through hoops to try to keep as much of my retirement money as possible. The Visa, no matter what version you go for, is already going to cost a fair amount and lead to a lot of hoops to jump through. I was looking at retiring very well off, about $7k a month, in Thailand. Now I will retire someplace else. This law and changes to Visa laws has made things expensive and complicated enough to write Thailand off my list. I will still visit Thailand but I will not move there and invest my money in property there. I suspect this will influence a very large percentage of expats resulting in a large drop in people moving to Thailand. Thailand may become a small player in retirement from overseas. Changes in the future may negate this but once this goes active, even if only for a month or two, trying to undue the damage will be hard as the expats trust will have been lost.

The Philippines is now looking SO much better! I lived in Manila before for eleven years. They don’t have any of these complicated over the top laws for retirees. No. At least not yet and haven’t done so. So far. This is insane for Thailand to do this! It’s like they have these older people sitting there in their government jobs bored to death and they feel like they must stir up the waters! Just to do something! They don’t use their brains. They don’t realize how this is going to now affect so many foreigners out there from having to think twice now about retiring in Thailand! I would! It’s typical mentality and behavior from the Thai government. They don’t believe or can’t believe that “Less IS More!” Not “more is more”.

Very informative session you orchestrated. Thanks!!

EXCELLENT Interview & Information. Thank You !

It still sounds like taxes will be assessed on ANY savings brought into the country. I have savings on income I earned and paid taxes on 20 or 30 years ago. If I bring that money into Thailand will that be considered assessable income? That’s crazy. Sounds like Thailand does not want any foreign investment at all.

As it stands based on this conversation, I would have to reconsider my plan to move to Thailand. I know this might change in terms of the law but there is now way I will pay tax twice on my savings or pension, as I have spent my life being careful about pay tax and wont want to file taxes in Thailand.

So my plan will become to semi retire less than 6 months in Thailamd, partially in Philippines and partially in US. Basically they have encouraged me to spend less time in Thailand.

I can see alot of money not coming into Thailand in 2024.People are easily spooked when it comes to money so this could end badly for Thailand. Dont get between a retirees and his money they'll quickly go somewere else.

👍 for a well conducted and informative (although at times baffling) interview. 👎🏼 for my plans on moving to a bureaucratic nightmare when I already have that in the USA! Sorry Thailand~

Hi Chris, very good information. Thanx for the input

Hi Chris, you asked very good questions. Thanx

This crosses Thailand off my list as a potential retirement destination. And it's soured me on the country as a vacation destination too. I'll be damned if I want to spend any money there in the future.