General Reports

**SubCmdr** · 11-08-23 05:06

Originally Posted by Nyezhov [View Original Post]

When I left Cambodia in September, I left with a wad of crappy hundreds that one of my buddies gave me to change into better ones for him in the States.

Right now in Pattaya among my girlfriend and her friends I am the money changer of last resort with USD. I got a pile of dog eared 20's and a few benjis to change out for better currency when I return to the Dis (United States of America).

**Nyezhov** · 11-08-23 02:07

Originally Posted by BananaBoi [View Original Post]

Never had an issue with this but I exchange money at money exchange places and not Thai banks.

I see you've never been to Cambodia. Even the smallest crease an eye can barely see in the corner of your bill makes it invalid at most places. Make sure no one gives you back a ragged bill it's yours until you leave Cambodia. Yet their own Riel are almost torn to shreds.

When I left Cambodia in September, I left with a wad of crappy hundreds that one of my buddies gave me to change into better ones for him in the States.

**SubCmdr** · 11-07-23 16:55

Originally Posted by Explorer8939 [View Original Post]

There is a tax treaty between Thailand and the US, so it's not really worth it for IRS auditors to worry about Thai tax issues.

You got this information from where exactly?

Originally Posted by Explorer8939 [View Original Post]

The low hanging fruit are the US billionaires who don't pay taxes.

Every one is allowed to arrange their financial affairs to pay the minimum tax. That is a US Supreme Court opinion. Tax evasion is illegal. Tax avoidance is legal.

Originally Posted by Explorer8939 [View Original Post]

I don't think that applies to anyone here.

Does not apply to me. But I also don't take tax advice from a professional trick. I prefer to take my tax advice from a licensed professional in accounting or tax law.

**SubCmdr** · 11-07-23 16:49

Originally Posted by SubCmdr [View Original Post]

Hate to cloud all this speculation with some hard cold facts. Ever check out property ownership laws in the Kingdom. I have read translated versions of them from law firms based here in Thailand. If you are married to a Thai national you can jointly own land with your spouse. But let's say your spouse passes away and you inherit the land. Do you know what you position is then? You can apply for an exemption to the rule that not Thai nationals cannot own land. The provision exists in the law. But has never been granted in the history of the Kingdom. So, reality is, you have one year to dispose of that land. If you don't the Kingdom will take of it and sell it for you and charge you 5% for their services.

Tell me more about the type of exemptions that might be provided to someone married to a Thai national.

Originally Posted by RajPatela [View Original Post]

Your Hard Cold Facts are Wrong. Hahaha.

According to section 93 of the Land Code Act a foreigner who acquires land as statutory heir can have an ownership in such land upon a permission of the Minister of Interior. Note that section 93 Land Code Act only refers to foreign land ownership under a treaty and not for example to foreigners inheriting land from their Thai spouse. A foreign spouse of a Thai national can inherit land but cannot register ownership of land and has to sell the land within one year from the date of acquisition.

**Banana Boi** · 11-07-23 13:13

Originally Posted by TooDirty [View Original Post]

Thai banks really like their bills crisp and in like new condition.

Never had an issue with this but I exchange money at money exchange places and not Thai banks.

I see you've never been to Cambodia. Even the smallest crease an eye can barely see in the corner of your bill makes it invalid at most places. Make sure no one gives you back a ragged bill it's yours until you leave Cambodia. Yet their own Riel are almost torn to shreds.

**SubCmdr** · 11-07-23 12:50

Originally Posted by TooDirty [View Original Post]

I wonder if Thailand will tax you on what's in your pocket when you walk off the airplane? I brought $6000 to Thailand once, but made the mistake of folding it down the middle like a stripper dollar to fit in my money belt. Thai banks really like their bills crisp and in like new condition.

Right now all the rumors are saying the new taxes will be tied to some period of stay in the Kingdom. 180 days is the number being thrown around my some people.

Money changers are indeed very picky about the USD that they take. They prefer new / like new condition, crisp and in the denomination of 100. You get a lower exchange rate if you have the denomination of 20. Even lower if they are 5's or 1's. They reject any marks on the currency or tears in the currency. Even micro ones due to use on the edges. My base currency is USD, so I have not tried to exchange any other currency type. Although there are booths that have LCD screens with the longest list of different currencies I have ever seen in my life.

Live long and prosper gentlemen. And may the pussy be with you, always!

**Explorer8939** · 11-07-23 12:16

Originally Posted by TooDirty [View Original Post]

I'm not sure why I always forget that the one constant in life is "change", otherwise I'd still be fat and happy living off those 18% interest earnings on money market from back in Jimmy Carter days. LOL.

I wonder if Thailand will tax you on what's in your pocket when you walk off the airplane? I brought $6000 to Thailand once, but made the mistake of folding it down the middle like a stripper dollar to fit in my money belt. Thai banks really like their bills crisp and in like new condition.

Your tax status is a function of your visa status and whether you reside in Thailand for 180+ days a year.

**Explorer8939** · 11-07-23 11:59

Originally Posted by AggieDad1 [View Original Post]

If you are a US citizen you will still be required to file an income tax return in the US. You get to deduct any taxes you pay in Thailand so you are not double taxed. But remember all those new auditors the IRS wanted to hire last year. I would be more worried about the IRS reaching out to Thai tax authorities and wanting to "compare notes".

There is a tax treaty between Thailand and the US, so its not really worth it for IRS auditors to worry about Thai tax issues.

The low hanging fruit are the US billionaires who don't pay taxes. I don't think that applies to anyone here.

**TooDirty** · 11-07-23 08:38

I'm not sure why I always forget that the one constant in life is "change", otherwise I'd still be fat and happy living off those 18% interest earnings on money market from back in Jimmy Carter days. LOL.

I wonder if Thailand will tax you on what's in your pocket when you walk off the airplane? I brought $6000 to Thailand once, but made the mistake of folding it down the middle like a stripper dollar to fit in my money belt. Thai banks really like their bills crisp and in like new condition.

**Raj Patela** · 11-07-23 05:08

Originally Posted by SubCmdr [View Original Post]

Hate to cloud all this speculation with some hard cold facts. Every check out property ownership laws in the Kingdom. I have read translated versions of them from law firms based here in Thailand. If you are married to a Thai national you can jointly own land with your spouse. But let's say your spouse passes away and you inherit the land. Do you know what you position is then? You can apply for an exemption to the rule that not Thai nationals cannot own land. The provision exists in the law. But has never been granted in the history of the Kingdom. So, reality is, you have one year to dispose of that land. If you don't the Kingdom will take of it and sell it for you and charge you 5% for their services.

Tell me more about the type of exemptions that might be provided to someone married to a Thai national.

Your Hard Cold Facts are Wrong. Hahaha.

**Mr Enternational** · 11-07-23 03:13

Originally Posted by CaliGuy33 [View Original Post]

One would think their would be an exemption regarding this for expats that are married to a Thai woman.

This is Thailand. They will probably have to pay more.

**SubCmdr** · 11-07-23 03:13

Originally Posted by CaliGuy33 [View Original Post]

One would think there would be an exemption regarding this for expats that are married to a Thai woman. I kind of get the government's thinking regarding the average, single expat but I don't think that should be applied to an expat married to a Thai.

Hate to cloud all this speculation with some hard cold facts. Every check out property ownership laws in the Kingdom. I have read translated versions of them from law firms based here in Thailand. If you are married to a Thai national you can jointly own land with your spouse. But let's say your spouse passes away and you inherit the land. Do you know what you position is then? You can apply for an exemption to the rule that not Thai nationals cannot own land. The provision exists in the law. But has never been granted in the history of the Kingdom. So, reality is, you have one year to dispose of that land. If you don't the Kingdom will take of it and sell it for you and charge you 5% for their services.

Tell me more about the type of exemptions that might be provided to someone married to a Thai national.

**AggieDad1** · 11-07-23 03:09

Originally Posted by TConor [View Original Post]

I really doubt they can figure out if they do require a filing if what you say is accurate. At least what your real income is. They maybe can figure out what you bring over to Thailand minus CC charges but they have no access to your income records outside of Thailand. I don't have a clue about other countries but in the USA the IRS isn't going to send information to the Thai gov't. And they'd have to do on an individual basis. Meaning to track a US citizen's information they'd need a social security number. If the IRS gives out SS#'s then identity theft would be running rampant with all the holes in the Thai gov't. And US citizens wouldn't put up with it. They would all be running for the exits. Does anyone even know if they have joint returns or everyone files an individual return?

If you are a US citizen you will still be required to file an income tax return in the US. You get to deduct any taxes you pay in Thailand so you are not double taxed. But remember all those new auditors the IRS wanted to hire last year. I would be more worried about the IRS reaching out to Thai tax authorities and wanting to "compare notes".

**CaliGuy33** · 11-07-23 01:50

Originally Posted by SiamMan [View Original Post]

Moving around SEA might be an option for some who just come here a few times a year, but some of us have lived here for a long time, have set up our home here, have property, have a family, so moving away is not an option. So we have no choice other than to negotiate the regulations imposed on us (by Immigration, etc.) as best we can.

One would think their would be an exemption regarding this for expats that are married to a Thai woman. I kind of get thr government's thinking regarding the average, single expat but I don't think that should be applied to an expat married to a Thai.

**Raj Patela** · 11-07-23 01:34

Originally Posted by TConor [View Original Post]

I really doubt they can figure out if they do require a filing if what you say is accurate. At least what your real income is. They maybe can figure out what you bring over to Thailand minus CC charges but they have no access to your income records outside of Thailand. I don't have a clue about other countries but in the USA the IRS isn't going to send information to the Thai gov't. And they'd have to do on an individual basis. Meaning to track a US citizen's information they'd need a social security number. If the IRS gives out SS#'s then identity theft would be running rampant with all the holes in the Thai gov't. And US citizens wouldn't put up with it. They would all be running for the exits. Does anyone even know if they have joint returns or everyone files an individual return?

Imagine having to give Somchai my TURBOTAX ID and corresponding password to authenticate my Attestations of USA taxable income. LOL.

Actually this would be EZ. Only need 1st 2 pages. But is Somchai qualified to know this.

The other 258 pages are just documentations.