Go to surfshark.com/nakedguru for 4 extra months of Surfshark VPN free! So this follow up discussion was requested by a couple of members, good opportunity to share some of your feedback that comes in on the channel. Chapters and offers below 👇 WHY "EXPAT": ua-cam.com/video/UEpcvcFVCD0/v-deo.html - PREVIOUS VIDEO: ua-cam.com/video/hfiGSncrojk/v-deo.html CHAPTERS 👇 00:00 Intro: Expats Are Leaving & Expats Are Coming 01:04 Disclaimer 01:26 Thai Ladies At Restaurant 02:13 Village Life & Support The Channel 03:45 Paying Tax To The Thai Government 04:26 How I Pay Tax 05:42 30-Year Expat No Longer Retiring Here 06:16 7-Year Expat On Elite Visa Changing Retirement Plans 07:40 Expat Choosing Japan Over Thailand 08:26 Thailand Expat Leaving To Cambodia 08:59 5-Year Expat Koh Samui Not Happy With The New Thailand 10:25 Importance Of Integration 11:04 Expat That Thinks Its Getting Too Expensive 11:54 Expat Wanting To Feel Welcome 12:23 10-Year Expat May leave For His Budget 13:16 15-Year Expat Left To Cambodia 15:12 10-Year Expat Would Leave TO Spain If Not Married 16:19 My Set Up & Situation 16:38 Should We Have An Integration Test? 18:27 Summary Of The Reasons 18:44 If You Meet This Criteria, You Should Leave! 🍃 Check Out Our LAZADA SHOP For Honey, Cacao, Super Greens Powder, Ginger Extract & Lots More! Here: shorturl.at/Q863r OFFERS FOR WORLDWIDE SUBSCRIBERS 🍄 MUSHROOMS: Get Discounted Fruiting Body Mushroom Supplements Thailand & Worldwide Shipping: shorturl.at/kUOyy Use Coupon code: BAMBOO10 👉 SURFSHARK VPN: Go to surfshark.com/nakedguru for 4 extra months of Surfshark VPN free!
Married to a Thai for 45 years she has full citizenship in the UK healthcare pension etc and i have no rights at all in thailand,its only her that keeps me here.Paying tax here when all i do is bring money in and recieve nothing in return is making me a bit sour.
again. its down to overall comparison. the tax should be factored in the total cost of living in thailand, to add on to the living costs being so cheap. overll thailand is sitll cheaper even with tax.
What's unfortunate is that those leaving because of tax obligations that haven't been made official or that may well not apply to them or the majority of retired expats are doing so prematurely.
@@KC-in9pxThe ones I meet that are panicking are the ones that have bought condo here and afriad they won't be able to resale if the tax situation changes. So they rather get out now. The other lot are the ones who built houses for their Thai wifes and have a family to support. Taxes will make it more difficult for many to maintain their lifestyles in Thailand. Also the last thing you want as you get older is uncertainty.
@@jw841 What I was trying to point out is that there isn't any reason to panic as of now. Nothing has been approved yet. Foriegners who buy property in a country in which visas have to be renewed annually are gambling with their investments. They also most often won't ever see a positive return on their investments. Rents are so reasonable and affordable that they make more sense in the event of visa or future tax issues that may or may not occur.
@@KC-in9pxunique to all as depends on comfort and net worth. I am in the "ok" range so where ever I live there will be some sort of tax to keep an eye on. I prioritize country a day happiness and where best treated.
I think the problem is that the retirng generation is a very large base. Because of that they become a target for Exploitation. The money you dont spent in your home county is missing. Apparently you are guilty too regardless of your 40-50 years effort to get what you have got. You and people like you or your pension fund is like a big free staek ready for carving it up. Because some are frugal and dont squander it all out of good habit, the narrative is invented to that you now need legal tax help. There is some fear mongering, so you spend money faster. If I had a legal practice you were the best market out there. Its almost like going to the doctor and talk about problems. If there are non, lets create some. While this may or may not so obvious, the new stream of new retiries comes next and they will pay because they don't know any better. Tax advisors and lawyers wont advise how to avoid them or talk them self out of business.
We left in July. After 7 years, struggling with the language/ culture. In my area no one lifts a finger unless paid for. No community sense towards the foreigner, only as much rip-off as possible. To not be able to hold people/ business accountable (defamation laws) and getting fracking expensive (out in the province) the yearly airpollution is what broke the camels back. Several years as pollution refugee in the Philippines, for 2-3 months.. I can communicate with people! They are genuinely friendly and life is 40% cheaper... The shoe finally fits. Sure, lots of struggle here also, and obviously I only know a tiny part of Thailand (Udon Thani, Phen area) and a tiny portion in Philippines (Mindanao island, General Santos area) Thailand.. amazing for a holiday, fantastic food and the hospitality sector (they sck here) overall friendly people. For living??? Philippines is for me so MUCH better.
you should learn some thai - most thais are embarresed at thei poor level of english and so appear unhelpful - they are generally the opposite but i could speak a little thai - makes a big difference
I'm not an expat but married to a Thai wife. I got more and more critical about retiring there. The many obstacles the government is raising to keep foreigners out except of those who are extremely rich doesn't sound very inviting to me. I still have time to see how it will develop. But even if you speak Thai very well and have a medium income, it is almost impossible to become a Thai citizen!
Living in the South in a semi rural area. Love the country, the people and still love my Thai wife even after 20 years of marriage 🙂So really no reason to leave the country. Even with the tax uncertainties. But the future is not predictable anyways. So why worry too much about it. Going to stay here as long as I can.
I moved to Thailand in 2001. Left and moved back to the UK with my wife and children in 2010. We are now selling up and moving back to Thailand, hopefully within the coming months. Luckily I can work remotely and earn my western wage as well as the new business myself and wife will be setting up in Thailand. Hopefully this will keep us living comfortable there.
@@alexandertraveler510I’m an exhibition manager. I design exhibition stands and layouts, 3D render them and generally make sure that the expos run smoothly for my clients. There is a physical side to the job but I’m no longer going to do that, someone else will be taking over that role. I used to be a musician when I first moved to Thailand, then after when I quit drinking I went to work for a graphic agency in Bangkok dealing with all there European / western clients. That was 20years ago and put me on the path to where I am today :)
Expat made condo selling rate increase fastly like a rocket!! That made local thai worker had no chance to even buy 1for themselves in their local rate paid!
My Thai wife has been living in Australia for 16 years. She is an Australian citizen and has access to medicare etc. I am 54 and plan to retire in 2-3 years and would love to spend at least 4 or 5 months per year in Thailand. My wife however doesn’t want to spend anymore than about 1 month a year in Thailand. It seems to be a common theme that when most Thai women move to a western country they simply don’t want to return to Thailand to live.
@@Ardoyne10 Uhh yeah until she divorces his ass because he forced her back to a place she did not wanna go she is an Australian citizen now why the fuck does she have to do anythng ?
100% correct. Vietnam, China, India, Russia, UAE Cambodia, South Africa all look after their own first. No world crisis focus at the expense of their own people. It needs to stay like that. Europe loaded it self up with baggage for 50 Years. Even holding a passport there is only good for the airport que.
They do to a certain extent but man the thai goverment loves the Russian real estate guys because it gives money to the government but local thais are pushed out of their homes. So the thai government likes to brag they protect local thai jobs but in reality the real estate marke takeover by foreigners in many places in thailand is making it unaffordable for thais.
I've been in Thailand for 15 years and I am not going to renew my yearly retirement visa and will be visiting as a tourist in future but living more in the surrounding countries. Maria and col Pattaya
Interesting topic. I have only been there for holidays and never lived there. People may hate me for saying this, I think its a good thing if some expats leave. Thailand for Thais. If a destination becomes to popular it disadvantages the locals. Expats are complaining it is becoming expensive imagine how the locals feel.
At this point I don’t live in Thailand full time. But, while it is getting more expensive - like the rest of the world, by living in a small town and living like my Thai family, I find it is still reasonable. I know people in my town and am treated in a friendly way. And yes, learn to speak some Thai. It makes a huge difference.
Chinese investors are buying land throughout Thailand. I don't know how they buy land but they are causing prices to skyrocket! One investing group purchased over 100 Rai of farmland, filled a large plot near the road and dug a huge deep pond. This unsupervised construction is causing local flooding during the rainy season in nearby fields and villages.
The preservation of Thai culture should be of the upmost importance, while visiting Chiang Mai me as a Westerner was offended myself by many other westerners bad behavior and lack of cultural sensitivity, and it’s sad because us westerners carry our dirty laundry wherever we go, and we’re gonna bring the same problems to Thailand that we’re trying to escape from I fortunately have been in the military lived and worked overseas, and being from the states and biracial cultural sensitivity is always factored in into my life and it’s very easy to spot those those problematic people!
I got the elite visa the second before they announced this change in tax law. Now plan to spend half the year elsewhere defeating the purpose of getting this visa in the first place
Good Content - just found you. Retired American living in Hua Hin. I came to teach English and stayed. Do whatever you like - I LOVE the Thai people, I love Thailand and I love expats like you that have a humble appreciation of this fantastic Country!! Chok Dee Khrap….🙏🏼🙏🏼
There is nothing decided on new tax in Thailand it is not even discussed in the government. It's just a proposal from the revenue department. Norway and Thailand have a tax agreement so you will not be double taxed.
Many people complain that Thailand has gotten more expensive. While this is probably true, they dont seem to think about the bigger picture, and this isnt a Thailand specific problem. Their alternative is to either move back to the west, where it has gotten even more expensive, or move to a country less developed so their money lasts longer, like Thailand was 20-30 years ago, like moving back in time. This is a global issue. Middle to low class people will just getting poorer, doesnt matter where on this planet you are living. I think most people should be thankful a country like Thailand still accepts them.
My son lived in Thailand for 7 yrs and fitted in well as I told him to respect his host country and fit in with their culture. "When in Rome do as the Romes do". He now lives in China with his Chinese wife and child. Very happy and settled.
It looks like the majority of issues is money. I think people underestimated the direction of the Thai economy and the strength of the baht. Even now the government is worried there is little inflation that they cut interest rates. I think people have misconstrued some of the baht strengthening as inflation. (There is some inflation but not like the west, groceries 20-40% increase in 2 years, bills 20-30%, rentals in Sydney now 40% higher than pre covid, wages stagnant for 10 years).
I am a writer and live in Brazil, SP. I live in a working class neigborhood, a little noisy week ends but other than that fine. I live in a small duple apartment and rent out the other two floors, so I net 1500 Brazilian reais per month (300 USD) and live for free. Basic food, drinks (nothing wild), utilities around 3 to 400 USD per month. With 1000 USD a month I would eat very well and update my wardrobe monthly. Nothing fancy but a very nice budget for a single person. The USD is strong compared to the BRL.
Aussie here. Moved permanently to Chiang Mai 6 yrs ago. Been bloody fantastic. BUT, CHIANG MAI 2024 has turned into BEIJING. Chinese EVERYWHERE. In the past 6 yrs I have NEVER seen CM as BUSY as it is now. Loi Krathong last weekend was OVER THE TOP with TOURISTS….. the traffic was like Bangkok. Normally it gets busy a week or two before Xmas/New Year but it’s 3rd week in November and it is MAXED OUT with tourists already. An ex-pat consensus is that we have seen the best of CM and it ain’t coming back. The Chinese are buying up all the Condo buildings, commercial buildings and warehouses and pushing sale and rent prices SKY HIGH, double to triple what they have always been and only selling/renting to fellow Chinese. Yep, CM has had the prawn. And you gotta ask, what’s it going to be like in 5-10 yrs time. The increased population and traffic is way OVER THE TOP NOW. Chiang Mai is DONE!!!! And observing the foreign tourists, media posers, COVERED IN TATTOOS, OBESE, with self indulgent arrogant attitudes, all a far cry from the gentility of the Thai family culture. It’s why we escaped the west years ago, and it’s now permeating CM…. turning it into ANOTHER HIPSTER TIKTOK LOOK AT ME LOOK AT ME CLONE CITY OF WESTERN DEGRADATION……. Many original expats, including moi, are MOVING OUT. It’s ALREADY DONE… so yeah, in another 5 yrs it will be just another BANGKOK coffee shop tattoo shop CLONE. We LOVE (D) CM, but who wants what it is turning into?? The laid back quiet traditional Thai charm is RAPIDLY BEING DILUTED. We are thinking Siem Reap in Cambodia or Rishikesh in India ….. anywhere that’s far far away from this Chinese TIKTOK INSTAGRAM WESTERN PERVASION invasion…….
It depends a lot on your individual circumstances. Like Ryan I am married to a Thai and we have a beautiful house we built 24 years ago and some land nearby. We have just moved here this year for a long term future with a trip back to Australia every April/May to escape the hot season. If you only have 30,000 baht a Month to live on and you are paying 8-10,000 in rent you are in big trouble. We pay for electricity and water, maybe 5000 a Month with aircon the main part of the electricity bill. We are in Isan so things are generally a bit cheaper as well.
Your idea around Thai etiquette for visa applications is a great idea. Touching the head, using your feet to point etc people should be aware of these cultural differences and respect this. Chok Dee Khup ✌️👍🙏
I’m hitting a stay/go barrier here.. reaching 5 years I’m struggling with the Thai culture.. smiling at bad news, agreeing to do a job when they know they can’t so disappear.. do a job badly then disappear.. last minute emergencies that could have been avoided with a little planning.. listening to instructions then ignoring and doing what they think is best.. these are possibly similar in other countries.. I dont know..
Cambodia is far more corrupt than Thailand. Crime is lower but the police are relentless when it comes to extortion. It can get very dark if you dont play ball with the..
Expats in Thailand love to crap on Cambodia, truth is, it's often quite a bit easier to do things like: Open a business, get a long term visa...it's quite a bit easier.
Japan's economy is tanking as it can't escape US domination. Anywhere outside the West seems to provide a higher standard of living now, the grass is certainly greener sometimes.
yeah i think i read something about this but didnt know enough to talk about it, grass is greener, will be back in the UK early next year to tour some of the cities to see whatsup
@@thenakedguru You will be shocked in the UK now mate, especially the prices. Every year I come back and see the steady decline. Back to Thailand in a few weeks though.
@@thenakedguru just trim your beard and get your haircut before you leave Thailand. I just paid 2000baht for a haircut and beard trim in town . Oh and Som Tam in my local Thai restaurant is 600 baht. 🤨
On a positive note, the weather is improving, for at least a few months! Cooler temperatures and clear skies mean a perfect time to tour Thailand on a Motorcycle!
I’ve got a ticket for Cambodia 🇰🇭 in January … 💸 I love Thailand 🇹🇭 ❤️ but those in charge are NOT making decisions in the right direction Edit: that would be an awesome video, to get your perspective on Cambodia 🇰🇭
Really enjoy your advice and insight on Thai culture. After over four years of waiting to come to Thailand, I finally arrived last week from the USA. I’m staying in a small village outside Korat, away from the usual tourist destinations. I love the people and culture and have participated in making merit at a local temple with my fiancé. Waking up to the sounds of nature every morning is a joy, as I live near an airport at home and cannot get away from the noise. I’m amazed at how industrious the Thai people are and what they can accomplish despite having so little money. Around here, they start before dawn riding their motorbike into the mountains to pick mushrooms to sell in the village. Personally, I don’t think many people back home would know how to survive if things got really bad. Americans in general are spoiled as if they are owed an easy life. I hope to retire here and assimilate into the culture.
It will be a massive mistake by the Thai government if they do make these tax changes, mostly because of how it will affect many Thai citizens. I support my Thai wife, our 2 children, my in-laws, and we’re currently putting 3 extended family members through university. And there are tens of thousands of expats here in the same boat as me. If the Thai government reduces my available income by, let’s say a quarter, it’s not my children who will be missing out. I will have to end the support for the extended family members. If and when the same happens across the board, that’s a major detrimental impact on the standard of living and education for many Thai citizens.
The current government are going after the street vendors. Trying to control how much they are allowed to earn. This government are showing Orwllian trates.
I have just returned to Thailand after 8 years back in the UK and Thailand has really changed (not for the good). I live in Buriram and it's taken me four months to get a full marriage visa, which is a joke. Most of the Farang I know in Buriram are living week to week (if they had 30k a moth they'd be happy). As for this new tax supposably coming in I cannot see how Thailand can enforce this, as each immigration office can do as they please, so nothing to worry about.
Every expat I know in Chonburi says they will pack up the moment they implement this tax change proposal. Enough is enough... and I'll go to where my positive cash flow into the local economy isn't taken advantage of by overspending politicians.
This is happening everywhere. People are not satisfied. One thing I think is relevant is the way money and infrastructure are used. I think that major cities should be a lot more regulated in terms of how many high-rise buildings are allowed in any area. As anyone knows the bigger a place gets the more problematic it becomes. The cost of widening a road where there is no longer room, drainage, sewerage, the list is never ending. The point is that the costs of maintaining any infrastructure when you have no room. You only have to look at what has happened to every major city area.
You raise some great point here. I would hate to see Thai culture be ruined by hoards of people relocating and not respecting when they moving to. I don’t understand why someone would leave their home country because they are unhappy with it, then try to change their destination country to be what they are familiar with. Immerse, contribute and respect.
Rental properties in Cambodia are fully equipped with "electrics" like μwave oven, big tv, fridge, washing machine etc. Fully furnished with crockery etc
Many expats are leaving Hua Hin as well, for different reasons, but nr 1 i hear is the cost of living and to many tourist/snowbirds, most go to Chiang Mai, cheaper and the people are more friendly, and the watershortage we have every hot season, the water just stops or in many buildings and resorts they turn the water of between 10pm and 06 am in the morning. In private homes people just cancel their stay and head for Bangkok.
I just spoke to a mate that has been going to Los since late 70's, he and many of the dudes that stays a couple of months in the winter time now goes to Cambodia, he stays in Kampot. It's a lot cheaper than Thailand for us Swedes, the rate for Swedish krona is really bad, 1 krona - 3.15 baht... i mostly stay in Rayong, Chantaburi with my thai mates where it's still quite cheap & will still go to Los but when it's time for retirement i will consider Cambodia.
@@thenakedguruhi scott from New Zealand would 8million baht and pension 40.000baht month be enough to live in Thailand like to live in bang saray looking for advice thank you
The Thai Govt. isn't the most trustworthy for US expats ! --- Inflation from the exchange rate alone has become an issue the past 2 years or so ? The new tax laws are also causing some to leave. - - - Cambodia for 'older expats' really offers a bargain with their ''retirement visa" for over 55 ! $800 USD in Cambodia is a much better retirement - with no qualifications or large financial requirements (!) - simply a $290/year fee - and never any visa runs !!! And the cost of living is much lower in Siem Reap. ---- A few retired expats I know actually live 'there' and visit Thailand several times per year ! --?-- Cambodia is also attracting expats from the Philippines where prices are rising somewhat. However - location and lifestyle can still provide whatever budget you may desire or require in many areas ! And - everyone everywhere speaks English. ❤ 👍 🙏 ✌ 🤞
I have known long term residents who where deeply in love with Thailand, the culture, lifestyle, people, etc, but woke up one day and decided it's time for a life change and to return home. It's each individual's personal reasoning and there can be numerous reasons. I also know people who have moved to Laos and Vietnam, so I have some reference to regional options. Anyone leaving because of the mere mention of a POTENTIAL tax change of which no details are even established yet need to stop reading the 'experts' on the forums and if still worried then best to go home to sunny UK where there are no taxes and life is perfect and you can stop whingeing.
I have a family up near Udon Thani however if they switch to a world wide tax i will split time between Thailand and Cambodia (with a 3-4 week vacation period as well). It's really just about the numbers and it makes no sense to pay out large sums of taxes when I don't need to.
Ryan, thank you for the level discussion regarding ex-pats in Thailand. It is a very relevant topic for my wife and I. My wife is a dual citizen (Thai/US) and we plan on retiring to rural south Thailand in the not too distant future. I found your discussion helpful and informative. Keep up the good work. My best to you and your lovely family. Cheers!
@@colinleatham9143 I believe you are referring to the province that borders with Malaysia? I am looking to settle in Nakhon Si Thammarat, farther north from Malaysia.
I'm from Canada and I've been coming to Thailand for several years this last trip I took I wanted to get out as soon as I could for the first time ever I was feeling unwelcomed inflation had taken over and prices of just about everything we're just Out Of Reach I love the people I love the country but now hearing about it's these challenges and tax challenges I can think of other places I'd like to retire in
same unless it becomes Thailand again and not trying to be the rest of the world ETA digital this and that and the taxation turning into a WEF shithole. I have decided not to retire there
Cambodia is only slightly cheaper than Thailand. Western food in restaurants is the same, drinks are cheaper…. But anything from a a Supermarket is way more expensive. Rents in Phnom Penh are obviously cheaper than Bangkok, but comparable to other areas.
@@redddo1 I could say that about the developed nations as well. In fact all the world is unrecognizable respect to 25-30 years ago. Can not say the same for example between 1960 and 1990.
@@redddo1 Not really. Many rural areas in Europe did not change all that much. I left SE Asia 2005 (after 25 great years) and it was for me the right move at the right time. Beautiful clean villages and landscape here, no bureaucratic hassles and crime, little traffic and no noise, no communication problems and good infrastructure... Just winters suck. But there are planes.
Siem Reap is a couple hrs away by land from where I reside in Isaan (17 yrs) so guess what I am gonna' do ... Live 6 months a year in Cambodia should taxes here in the Kindgdom become an issue
Everytime I tell someone I plan to relocate to Thailand, I get this look from them like...."oh, so you're into THAT." So I basically just decided it's not worth the stigma.
People will just vote with their feet if the juice is not worth the squeeze. I see many staying under 6 months / year in Thailand and spending that other income in other countries to minimize taxes. Oxymoron: Govt + Common sense.
A agree with most of the comments. I have been working towards a business / retirement in Thailand with my thai girlfriend but now I'm thinking about a plan B or C. Why should I pay 2 x tax when I generate income for Thailand every year. I don't know what to do now except wait and see what really happens
If You earn and or remit above 120k baht then by law You have to file a tax return. Savings from pre 2024 are not taxable but pretty much everything else is. Thailand joined the CRS in 2023 . The new suggestion is to tax worldwide income wether remitted or not and that would be brutal.
I'm retiring to Thailand in July. Change happens everywhere. But also we have to respect the culture we are moving too. Expats should mingle instead of huddling together.
completely agree. Thailand has never begged anyone to come and LIVE HERE. Please visit and see our culture and our people. For those that choose to live here, accept and embrace the culture and the way of life, the good, the great and the not so great. If its feels so bad, ask yourself why you've chosen to come to Thailand to live. Change is part of life regardless of where you live. Normally most people don't notice it until they move away and return. 90% of the people I've met and known who have left for one reason or another generally regret leaving. Coming back only makes it harder, because they lose that "Life Equity" that they've built up in Thailand and now come back to a higher cost of living and sometimes a location where it is far different and unfamiliar because they need to downgrade their lifestyle. Moving here has probably been the best decision I've ever made, many long term expats will agree. No matter where you go, there you are. Choose wisely, or be lucky. Anything is possible. Thanks for your solid opinions and quality channel. It makes my day just that much better!
the reason is the Thai state crazy claim to tax money transfers from abroad : how do you distinguish new income from previously accumulated savings ? Who has the burden of proof ? In such a mess obviously retirees are fleeing the country.
For me was medical issues ....in 🇺🇸 i get free medicine and doctors ext .... in south east asia i literally had shiatttt and my medicine was like 800 usd a month ( but its free in the 🇺🇸)
11 more pay checks and I'll set up residents in Veintaine for at least a year while studying the language, I already can read and speak a little. Then move into to rural Laos. I originally planed on Thailand but it slowly became not an option.
Thank you for sharing. It's very informative to have the pros and the cons anywhere so I don't take conscience at all, and insect it serves to help me steer away or in another Direction the saving a lot of aggravation. Thank you again
My retirement plan is still to live in Thailand. IF (and only until) new tax laws are actually implemented (rather than just maybes and mights) that impact my retirement will it become an issue for me. Cambodia was also in the running but personally I though the better infrastructure and especially medical care in Thailand was more important than the ease of visa requirements and more English speakers in Cambodia. A big change in the taxes could very well swing the pendulum in the other way. As for assimilation I totally agree. I would hope all immigrants try to assimilate here and I plan to try to assimilate there. I am already trying to pick up some rudimentary Thai even though retirement is sill some years away, I am trying several different Thai restaurants and as many menu items as possible. I imagine those same loud mouth whiners complaining about the foreigners that won't learn the culture here in the States are the same jackhats that expect all western food and English speaking Thais in the heart of Isaan.
I’m retired in Australia , uk duel Nat.im well looked after by gov plenty of perks like free car rego bus rides etc . I would never consider retirement in Thailand purely on the fact I would never have any rights there, unlike Thais married to xpats. Cheers. But. O thanks, great for a couple months , then it’s home fir me
For me, I think semi-rural Japan would be a really nice place to live as a digital nomad... but from my understanding the visa, and other rules, make that far more of a challange. I think you could technically, when from the UK, stay for 180 days per year as a tourist. Not sure how you would stay year round as a digital nomad. They have brought in a "digital nomad" visa, but you need an income of about £65k and $1m in assets for a 6 month digital nomad visa and don't get resident status (required to rent property if I understand correctly). If I could get a 100% remote job, that pays the same as my current job, a few years in thailand, Japan and other places would be fantastic. Issue for me is I would need to change the sector I work in, I currently work remote, but cannot work from outside the country.
Our long term plan is to retire to Chiang Mai. We go every year to learn more about the culture and people as well as use the language im learning. The tax will sort itself out by then. We are English and had to pass a test to apply for Australian citizenship so would be happy to do a similar test to migrate to Thailand. I'm not sure everyone moving to Thailand has similar thoughts and appreciation for the country.
@thenakedguru Ryan, Not related to today's subject, but seeing you riding a Selaeng today it was good timing because I read a post & question about these 'vehicles' in a Facebook group. I'm sure that you would be aware that those 'sidecar' attachments to motorcycles, are illegal in Thailand except in very limited circumstances. Although, as someone pointed out, Police will mostly ignore then as one commenter said, "because of Thais limited access to owning cars". That being so, if they are involved in an accident, no insurance company will pay out unless there's a specific clause in the policy that permits the sidecar attachment. Be very careful when riding that red machine.
Great discussion...sadly, Japan has serious issues (highest debt to GDP @ 264%). Much of its tech dominence has been assumed by other countries. Great Thai country living scenery in this vid!😊
Just got back from Bangkok and Chiang Mai, loved every minute, ESPECIALLY the safety regarding crime. Driving safety is another issue. We're thinking about rotating our retirement location among Thailand and another couple of inexpensive countries. We're not likely to drop our US passports, so will have to pay taxes one way or another. Thanks for this!
I think it is the multiple issues from tax, ETA and tourist tax all of which we need to see the details. But in retirement you need flexibility nothing stays the same, Have to agree it is a pain to deal with these issues when all you want is a quite lifestyle but if it does not work for you. Then you have options after all it is your money there maybe a work around who knows.
I had a meeting with a Thai lawyer and he said if you bring your savings here before you have been here for less than 180 days the money is not subject to tax.but if I was working and not on a retirement visa I would happily pay tax here to stay I ain’t leaving
Great video thank you! I am a frequent visitor and have travelled through much of Thailand since the early 1980s. I am half Thai so welcome the increasing wealth of the country. But it is so unevenly distributed and most of the riches go to rich property and business owners. Obviously development has mostly benefitted Koh Samui, Bangkok, Hua Hin, Chiang Mai and of course Phuket. There a definite upward pressure on amenities, costs, standard of accommodation and service. At the same time poor Thais are being pushed away from potential income producing areas in the richer suburbs, with the police moving on unauthorised vendors street food sellers etc. Icon Siam is great if you can afford to rent a bit of it to sell your food or work as a waiter/cook etc. But to be honest backpacking on a budget is becoming unviable due to the loss of truly cheap services in the main tourist centres. But the provinces are happy to have your business! Ok, one can complain about the rising costs, but if you don't want to contribute to to the growth of the country (by paying more taxes or more for essentials) it is obvious that you will go somewhere else that is cheaper.
❤🙏🏻That was so interesting to hear. My opinion is that Covid affected the world not just Thailand. Everything has gone up in price. If it wasn’t for my health I would have been back with a permanent home in Thailand, but at least I have been to the land of smiling faces & hopefully in my next life I live there. 😃Have a beautiful Sunday. 💞💞💞💞
I’m a frequent visitor and viewer, looking at some point to live in Thailand. I now prefer the remote parts of Thailand, partly because I’ve done the tourist trail etc, but I just like the quieter areas. If your intention is pure then I think Thailand will welcome you. If cost of living goes up it’s still cheap, big news, everywhere has gone up in price.
I like your vlogs and have been watching them for years. But stop talking about integration or even tests. One can be here for years and speak the language. But we will always be the farang and never accepted as equal by thais
The tax thing is scary when it is hard to get all of the facts. I have been to Thailand 20 times & am wanting to relocate there within the next 12 months. I therefore did some investigation, watched some webinars but still couldn't get all the facts to set my mind at ease. Last Friday, I just completed a Zoom meeting with a Thailand company, AITax who are DTA (duel tax agreement) specialists with 5 countries so far. I figured that I needed all the facts rather than just trying to wing it. I am still booked in to see my accountant in my home country as there is a lot involved to setting up your finances prior to the relocation as your decisions may be impacted by the new Tax laws in Thailand. I think that care will be required with what is potentially introduced as if not handled correctly could result in a mass exodus which could have serious ramifications from the property developers who continually build & the flow-on effect through a multitude of other businesses & individuals. Just my 2c worth. Cheers
@@noblewolf679 With a monthly income of, let us say 65000 baht, or around 800k a year, which is quite normal for expats in Thailand, you will not pay anything near 35%. With deductions, (plus one extra deduction of 190.000 baht if your age is 65 years or more), in most cases you will pay less than 10% taxes. It`s a graded tax system. This scaremongery needs to stop.
Great video Ryan, really enjoyed you going over the topic. It appears maybe the wealthy are leaving to avoid tax and the others are leaving because the cost of living are going up and they're on a fixed income.
Hi guru ,I personally hate wots happened to Thailand with the influx of farangs I moved there in 1997 ,spent 13 yrs Phuket 4 yrs isan 3 yrs in Songkhla in a beach village with no farang bliss,I watch all these U tubers telling everybody to move to Thailand,cheap cheap they say & with all this advice & there have been here 2 minutes can't speak the language never speak about the Thais only winge if they do what the fu....! The ruination of a great country, angry old farang😢
had a number of companies here such as a school and a jazz lounge, which i had Non-B Visas for,now i am on a marriage visa with an e-commerce business, cheers
Great vlog. We are thinking of retiring abroad and Thailand is on the list but we would want rural and to try and learn the language. It annoyed me with the Little Englanders that moved to France and expected them all to speak English. I pushed myself into local communities even though initially unable to speak much French. We want to leave the UK because it feels a very intimidating place to live now and pretty scary. Looking into other countries as all have pros and cons. So we will see.
I have already invested too much in living in Thailand to be able to move to another country. Due to a tax treaty I am not too worried about double taxation. What I am worried about is the UN and WEF influence on Thai politics: CBDC and further digitalization, climate politics etc.
Hi Ryan, once again my wife and I are returning to That for 2 week break and visiting family…we’re flying to Udon on 3rd November and driving down to Buriram a few days later to visit more relatives….would love to pop over and visit you and family for a couple of hours…kind regards….John and Chompoo
9:00 Bangkok, Pattaya, Phuket are Western cities that happen to be located in Thailand. But who are we, the super fortunate Westerners who have already benefited from such development to critique the opportunities for locals to advance their standard of living
Too much fear mongerjng on this and other platforms about a tax issue that is far from being a definite. Any changes will require a change in Thai law first and foremost, which takes years. Don’t listen to people in social media who aren’t qualified and are just making these headlines for clickbait. Go to watch Ben at integrity legal if you want to hear from a qualified tax professional about what is really going on. Resist the hype people, resist
Yes, some areas are being taken over by tourists, and as a foreigner, I stay away from the tourist areas, and stay with my Thai gf. I have been to Thailand 4 times now.
We were ready to buld a house here in Thailand, had the plans and lot secured, we bailed last minute because of the new tax laws. I have a 20 year elite Visa, what a waste, I don't know how much time we'll spend here going forward, we plan on trying to stay around 175 days a year but i imagine it will eventually not worth it. Cambodia, Malaysia, Philippines, Vietnam and even Laos are where everyone is going now. Don't make my mistake, Visa is worthless now
If your 100% sure you want to live here and dont want to pay tax, come buy all your cars bikes houses and fill up the bank then leave for 6+ months come back and retire you won't have many bills. You can come here with $10k everytime tax free also you can transfer in the minimum taxable per year also.
I renew my retirement visa in March, and I'll be watching the feedback of those renewing in January and February to get a sense of exactly what is going on. Personally, I think there is so much uncertainty surrounding this tax issue from the powers that be that it will be difficult for Thailand to implement such a wholesale change.
Go to surfshark.com/nakedguru for 4 extra months of Surfshark VPN free!
So this follow up discussion was requested by a couple of members, good opportunity to share some of your feedback that comes in on the channel. Chapters and offers below 👇
WHY "EXPAT": ua-cam.com/video/UEpcvcFVCD0/v-deo.html - PREVIOUS VIDEO: ua-cam.com/video/hfiGSncrojk/v-deo.html
CHAPTERS 👇
00:00 Intro: Expats Are Leaving & Expats Are Coming
01:04 Disclaimer
01:26 Thai Ladies At Restaurant
02:13 Village Life & Support The Channel
03:45 Paying Tax To The Thai Government
04:26 How I Pay Tax
05:42 30-Year Expat No Longer Retiring Here
06:16 7-Year Expat On Elite Visa Changing Retirement Plans
07:40 Expat Choosing Japan Over Thailand
08:26 Thailand Expat Leaving To Cambodia
08:59 5-Year Expat Koh Samui Not Happy With The New Thailand
10:25 Importance Of Integration
11:04 Expat That Thinks Its Getting Too Expensive
11:54 Expat Wanting To Feel Welcome
12:23 10-Year Expat May leave For His Budget
13:16 15-Year Expat Left To Cambodia
15:12 10-Year Expat Would Leave TO Spain If Not Married
16:19 My Set Up & Situation
16:38 Should We Have An Integration Test?
18:27 Summary Of The Reasons
18:44 If You Meet This Criteria, You Should Leave!
🍃 Check Out Our LAZADA SHOP For Honey, Cacao, Super Greens Powder, Ginger Extract & Lots More! Here: shorturl.at/Q863r
OFFERS FOR WORLDWIDE SUBSCRIBERS
🍄 MUSHROOMS:
Get Discounted Fruiting Body Mushroom Supplements
Thailand & Worldwide Shipping: shorturl.at/kUOyy
Use Coupon code: BAMBOO10
👉 SURFSHARK VPN: Go to surfshark.com/nakedguru for 4 extra months of Surfshark VPN free!
Streaming UK TV isn't always good on Surfshark.
Married to a Thai for 45 years she has full citizenship in the UK healthcare pension etc and i have no rights at all in thailand,its only her that keeps me here.Paying tax here when all i do is bring money in and recieve nothing in return is making me a bit sour.
You are always free to go back to your own country.
I think you are not the only one 👍
Especially, considering the amount of money expats contribute to the Thai economy each year. A tax would sway many to seek alternative places to live.
In the same boat 😊
Happy with her, would consider another asian country without her.
again. its down to overall comparison. the tax should be factored in the total cost of living in thailand, to add on to the living costs being so cheap. overll thailand is sitll cheaper even with tax.
Unfortunately people do not want to retire and have tax headaches in a new country....they just want to retire and chiil❤
What's unfortunate is that those leaving because of tax obligations that haven't been made official or that may well not apply to them or the majority of retired expats are doing so prematurely.
@@KC-in9pxThe ones I meet that are panicking are the ones that have bought condo here and afriad they won't be able to resale if the tax situation changes. So they rather get out now. The other lot are the ones who built houses for their Thai wifes and have a family to support. Taxes will make it more difficult for many to maintain their lifestyles in Thailand. Also the last thing you want as you get older is uncertainty.
@@jw841 What I was trying to point out is that there isn't any reason to panic as of now. Nothing has been approved yet. Foriegners who buy property in a country in which visas have to be renewed annually are gambling with their investments. They also most often won't ever see a positive return on their investments. Rents are so reasonable and affordable that they make more sense in the event of visa or future tax issues that may or may not occur.
@@KC-in9pxunique to all as depends on comfort and net worth. I am in the "ok" range so where ever I live there will be some sort of tax to keep an eye on. I prioritize country a day happiness and where best treated.
I think the problem is that the retirng generation is a very large base. Because of that they become a target for Exploitation. The money you dont spent in your home county is missing. Apparently you are guilty too regardless of your 40-50 years effort to get what you have got. You and people like you or your pension fund is like a big free staek ready for carving it up. Because some are frugal and dont squander it all out of good habit, the narrative is invented to that you now need legal tax help. There is some fear mongering, so you spend money faster. If I had a legal practice you were the best market out there. Its almost like going to the doctor and talk about problems. If there are non, lets create some. While this may or may not so obvious, the new stream of new retiries comes next and they will pay because they don't know any better. Tax advisors and lawyers wont advise how to avoid them or talk them self out of business.
We left in July. After 7 years, struggling with the language/ culture. In my area no one lifts a finger unless paid for. No community sense towards the foreigner, only as much rip-off as possible. To not be able to hold people/ business accountable (defamation laws) and getting fracking expensive (out in the province) the yearly airpollution is what broke the camels back.
Several years as pollution refugee in the Philippines, for 2-3 months..
I can communicate with people! They are genuinely friendly and life is 40% cheaper... The shoe finally fits.
Sure, lots of struggle here also, and obviously I only know a tiny part of Thailand (Udon Thani, Phen area) and a tiny portion in Philippines (Mindanao island, General Santos area)
Thailand.. amazing for a holiday, fantastic food and the hospitality sector (they sck here) overall friendly people.
For living???
Philippines is for me so MUCH better.
... Thanks for sharing, Frank!!!
I'd recommend visiting Bohol it's a really nice island.
Korrek
@Greg. But pricier than mindanao...
you should learn some thai - most thais are embarresed at thei poor level of english and so appear unhelpful - they are generally the opposite but i could speak a little thai - makes a big difference
I'm not an expat but married to a Thai wife. I got more and more critical about retiring there. The many obstacles the government is raising to keep foreigners out except of those who are extremely rich doesn't sound very inviting to me. I still have time to see how it will develop. But even if you speak Thai very well and have a medium income, it is almost impossible to become a Thai citizen!
Living in the South in a semi rural area. Love the country, the people and still love my Thai wife even after 20 years of marriage 🙂So really no reason to leave the country. Even with the tax uncertainties. But the future is not predictable anyways. So why worry too much about it. Going to stay here as long as I can.
I moved to Thailand in 2001. Left and moved back to the UK with my wife and children in 2010. We are now selling up and moving back to Thailand, hopefully within the coming months. Luckily I can work remotely and earn my western wage as well as the new business myself and wife will be setting up in Thailand. Hopefully this will keep us living comfortable there.
You want to be taxed in Thailand?
@@noblewolf679 I’m taxed no matter where I stay. Would rather be living back there than the sh*thole that is now the UK.
what do you do?
@@alexandertraveler510I’m an exhibition manager. I design exhibition stands and layouts, 3D render them and generally make sure that the expos run smoothly for my clients. There is a physical side to the job but I’m no longer going to do that, someone else will be taking over that role.
I used to be a musician when I first moved to Thailand, then after when I quit drinking I went to work for a graphic agency in Bangkok dealing with all there European / western clients. That was 20years ago and put me on the path to where I am today :)
Who cares
Expat made condo selling rate increase fastly like a rocket!! That made local thai worker had no chance to even buy 1for themselves in their local rate paid!
My Thai wife has been living in Australia for 16 years. She is an Australian citizen and has access to medicare etc. I am 54 and plan to retire in 2-3 years and would love to spend at least 4 or 5 months per year in Thailand. My wife however doesn’t want to spend anymore than about 1 month a year in Thailand. It seems to be a common theme that when most Thai women move to a western country they simply don’t want to return to Thailand to live.
Put your foot down pal who's the man of the house
@@Ardoyne10 Uhh yeah until she divorces his ass because he forced her back to a place she did not wanna go she is an Australian citizen now why the fuck does she have to do anythng ?
I think when a lot of them move to northern Europe/UK a lot of them cant wait to leave fast enough! Shitty cold, rainy weather, crap food, crime etc
i thin it depends om what family still live in thailand
I’m from the UK and I’m going to be in the same boat just 15 years behind you hopefully she’ll change her mind by then
Thailand looks after its own.Rightly so.Wish UK and Europe would follow suit.
100% correct. Vietnam, China, India, Russia, UAE Cambodia, South Africa all look after their own first. No world crisis focus at the expense of their own people. It needs to stay like that. Europe loaded it self up with baggage for 50 Years. Even holding a passport there is only good for the airport que.
And Oz. Most Western governments are against their own people. This needs to change …
@@colinleatham9143 if you call looking after the old extremely elite families protected my monopolies you are right.
And that’s a good thing , that keeps cost down , Asia is the place to be the west will give u bigger problems then a possible 10 percent tax …
They do to a certain extent but man the thai goverment loves the Russian real estate guys because it gives money to the government but local thais are pushed out of their homes.
So the thai government likes to brag they protect local thai jobs but in reality the real estate marke takeover by foreigners in many places in thailand is making it unaffordable for thais.
I've been in Thailand for 15 years and I am not going to renew my yearly retirement visa and will be visiting as a tourist in future but living more in the surrounding countries. Maria and col Pattaya
Interesting topic. I have only been there for holidays and never lived there. People may hate me for saying this, I think its a good thing if some expats leave. Thailand for Thais. If a destination becomes to popular it disadvantages the locals. Expats are complaining it is becoming expensive imagine how the locals feel.
Thailand for Thai and uk for every cunt right 😅
Yep, way too many influencers promoting Thailand.
Exactly! Before they know it, Thailand will end up being like the said country they escaped from somewhat.....
Are Germans racist for saying Germans for Germans?
Yup this was my conclusion at the end of the video. the "piss off" part
At this point I don’t live in Thailand full time. But, while it is getting more expensive - like the rest of the world, by living in a small town and living like my Thai family, I find it is still reasonable. I know people in my town and am treated in a friendly way. And yes, learn to speak some Thai. It makes a huge difference.
Chinese investors are buying land throughout Thailand. I don't know how they buy land but they are causing prices to skyrocket! One investing group purchased over 100 Rai of farmland, filled a large plot near the road and dug a huge deep pond. This unsupervised construction is causing local flooding during the rainy season in nearby fields and villages.
@@MrEye4get Thailand is not very good at supervising construction- quite true. My wife is convinced that graft plays a big role in it.
@@MrEye4get I've noticed this in Chiangmai too
The preservation of Thai culture should be of the upmost importance, while visiting Chiang Mai me as a Westerner was offended myself by many other westerners bad behavior and lack of cultural sensitivity, and it’s sad because us westerners carry our dirty laundry wherever we go, and we’re gonna bring the same problems to Thailand that we’re trying to escape from I fortunately have been in the military lived and worked overseas, and being from the states and biracial cultural sensitivity is always factored in into my life and it’s very easy to spot those those problematic people!
you have hit the nail on the head
I got the elite visa the second before they announced this change in tax law. Now plan to spend half the year elsewhere defeating the purpose of getting this visa in the first place
Good Content - just found you. Retired American living in Hua Hin. I came to teach English and stayed. Do whatever you like - I LOVE the Thai people, I love Thailand and I love expats like you that have a humble appreciation of this fantastic Country!! Chok Dee Khrap….🙏🏼🙏🏼
Great vid, not biased, and a good insight to what some people are thinking….
There is nothing decided on new tax in Thailand it is not even discussed in the government. It's just a proposal from the revenue department. Norway and Thailand have a tax agreement so you will not be double taxed.
Many people complain that Thailand has gotten more expensive. While this is probably true, they dont seem to think about the bigger picture, and this isnt a Thailand specific problem. Their alternative is to either move back to the west, where it has gotten even more expensive, or move to a country less developed so their money lasts longer, like Thailand was 20-30 years ago, like moving back in time. This is a global issue. Middle to low class people will just getting poorer, doesnt matter where on this planet you are living. I think most people should be thankful a country like Thailand still accepts them.
Thanks
Thanks Colin, appreciate it!
My son lived in Thailand for 7 yrs and fitted in well as I told him to respect his host country and fit in with their culture. "When in Rome do as the Romes do". He now lives in China with his Chinese wife and child. Very happy and settled.
It looks like the majority of issues is money. I think people underestimated the direction of the Thai economy and the strength of the baht. Even now the government is worried there is little inflation that they cut interest rates. I think people have misconstrued some of the baht strengthening as inflation. (There is some inflation but not like the west, groceries 20-40% increase in 2 years, bills 20-30%, rentals in Sydney now 40% higher than pre covid, wages stagnant for 10 years).
I am a writer and live in Brazil, SP. I live in a working class neigborhood, a little noisy week ends but other than that fine. I live in a small duple apartment and rent out the other two floors, so I net 1500 Brazilian reais per month (300 USD) and live for free. Basic food, drinks (nothing wild), utilities around 3 to 400 USD per month. With 1000 USD a month I would eat very well and update my wardrobe monthly. Nothing fancy but a very nice budget for a single person. The USD is strong compared to the BRL.
Aussie here. Moved permanently to Chiang Mai 6 yrs ago. Been bloody fantastic. BUT, CHIANG MAI 2024 has turned into BEIJING. Chinese EVERYWHERE. In the past 6 yrs I have NEVER seen CM as BUSY as it is now. Loi Krathong last weekend was OVER THE TOP with TOURISTS….. the traffic was like Bangkok. Normally it gets busy a week or two before Xmas/New Year but it’s 3rd week in November and it is MAXED OUT with tourists already. An ex-pat consensus is that we have seen the best of CM and it ain’t coming back. The Chinese are buying up all the Condo buildings, commercial buildings and warehouses and pushing sale and rent prices SKY HIGH, double to triple what they have always been and only selling/renting to fellow Chinese. Yep, CM has had the prawn. And you gotta ask, what’s it going to be like in 5-10 yrs time. The increased population and traffic is way OVER THE TOP NOW. Chiang Mai is DONE!!!! And observing the foreign tourists, media posers, COVERED IN TATTOOS, OBESE, with self indulgent arrogant attitudes, all a far cry from the gentility of the Thai family culture. It’s why we escaped the west years ago, and it’s now permeating CM…. turning it into ANOTHER HIPSTER TIKTOK LOOK AT ME LOOK AT ME CLONE CITY OF WESTERN DEGRADATION……. Many original expats, including moi, are MOVING OUT. It’s ALREADY DONE… so yeah, in another 5 yrs it will be just another BANGKOK coffee shop tattoo shop CLONE. We LOVE (D) CM, but who wants what it is turning into?? The laid back quiet traditional Thai charm is RAPIDLY BEING DILUTED. We are thinking Siem Reap in Cambodia or Rishikesh in India ….. anywhere that’s far far away from this Chinese TIKTOK INSTAGRAM WESTERN PERVASION invasion…….
It depends a lot on your individual circumstances. Like Ryan I am married to a Thai and we have a beautiful house we built 24 years ago and some land nearby. We have just moved here this year for a long term future with a trip back to Australia every April/May to escape the hot season. If you only have 30,000 baht a Month to live on and you are paying 8-10,000 in rent you are in big trouble. We pay for electricity and water, maybe 5000 a Month with aircon the main part of the electricity bill. We are in Isan so things are generally a bit cheaper as well.
Loved the episode. In actuality I like all your episodes. 🙏Thanks for the entertainment. Living here in a village outside of Nan
Love Nan,we live near Chiangrai and enjoy spending time in Nan,good road all the way now via Ngao.
@@thomasjohnrobinson4658 U are correct. Nan roads are wonderful.
Your idea around Thai etiquette for visa applications is a great idea. Touching the head, using your feet to point etc people should be aware of these cultural differences and respect this. Chok Dee Khup ✌️👍🙏
I’m hitting a stay/go barrier here.. reaching 5 years I’m struggling with the Thai culture.. smiling at bad news, agreeing to do a job when they know they can’t so disappear.. do a job badly then disappear.. last minute emergencies that could have been avoided with a little planning.. listening to instructions then ignoring and doing what they think is best.. these are possibly similar in other countries.. I dont know..
Dealing with Thais is like dealing with only woemyn. That’s enough to destroy any man’s sanity … 😂
Try going back home for a couple of weeks, and get a possible reality check on your progress 👍🙏
@@kevinfletcher4112yeah that’s true.. I’m just back from 6 weeks in twickenham.. didn’t like it much either 😂.. perhaps I’m too spoilt..
@@stevecarroll8513 grass is always greener lol
@@kevinfletcher4112 yeah that’s very true..
17 years in Cambodia 🇰🇭 nothing ever got stolen.
Good 👍👍👍
@@thenakedguru one comment got deleted.
Not deleted any comments - I see this one and another about scams on my side 👍👍
Cambodia is far more corrupt than Thailand. Crime is lower but the police are relentless when it comes to extortion. It can get very dark if you dont play ball with the..
Expats in Thailand love to crap on Cambodia, truth is, it's often quite a bit easier to do things like: Open a business, get a long term visa...it's quite a bit easier.
I moved my family back to Northern Europe. 50% tax but at least I can get free hospital and free education for my kids
its not free, its coming out of your 50% tax
@@nuttiputty 35% high tier tax in thailand and I can take my kids to buddha school and dirty government hospital for free
@@nuttiputty you get something for what you pay though.
@@nuttiputty omfg, amazing
@@agentsuperdave2191 Well, its better than in the US where you pay a tax rate slightly less but get NOTHING for it.
Japan's economy is tanking as it can't escape US domination. Anywhere outside the West seems to provide a higher standard of living now, the grass is certainly greener sometimes.
yeah i think i read something about this but didnt know enough to talk about it, grass is greener, will be back in the UK early next year to tour some of the cities to see whatsup
@@thenakedguru You will be shocked in the UK now mate, especially the prices. Every year I come back and see the steady decline. Back to Thailand in a few weeks though.
@@joemann2178 dont know if im excited or dreading it!
@@thenakedguru just trim your beard and get your haircut before you leave Thailand. I just paid 2000baht for a haircut and beard trim in town . Oh and Som Tam in my local Thai restaurant is 600 baht. 🤨
Top advice - cheers Joe 👍🙏
On a positive note, the weather is improving, for at least a few months! Cooler temperatures and clear skies mean a perfect time to tour Thailand on a Motorcycle!
I’ve got a ticket for Cambodia 🇰🇭 in January … 💸 I love Thailand 🇹🇭 ❤️ but those in charge are NOT making decisions in the right direction
Edit: that would be an awesome video, to get your perspective on Cambodia 🇰🇭
Really enjoy your advice and insight on Thai culture. After over four years of waiting to come to Thailand, I finally arrived last week from the USA. I’m staying in a small village outside Korat, away from the usual tourist destinations. I love the people and culture and have participated in making merit at a local temple with my fiancé. Waking up to the sounds of nature every morning is a joy, as I live near an airport at home and cannot get away from the noise. I’m amazed at how industrious the Thai people are and what they can accomplish despite having so little money. Around here, they start before dawn riding their motorbike into the mountains to pick mushrooms to sell in the village. Personally, I don’t think many people back home would know how to survive if things got really bad. Americans in general are spoiled as if they are owed an easy life. I hope to retire here and assimilate into the culture.
enjoy Paul!
It will be a massive mistake by the Thai government if they do make these tax changes, mostly because of how it will affect many Thai citizens. I support my Thai wife, our 2 children, my in-laws, and we’re currently putting 3 extended family members through university. And there are tens of thousands of expats here in the same boat as me. If the Thai government reduces my available income by, let’s say a quarter, it’s not my children who will be missing out. I will have to end the support for the extended family members. If and when the same happens across the board, that’s a major detrimental impact on the standard of living and education for many Thai citizens.
100% in agreement with You .
The current government are going after the street vendors. Trying to control how much they are allowed to earn. This government are showing Orwllian trates.
I have just returned to Thailand after 8 years back in the UK and Thailand has really changed (not for the good).
I live in Buriram and it's taken me four months to get a full marriage visa, which is a joke.
Most of the Farang I know in Buriram are living week to week (if they had 30k a moth they'd be happy).
As for this new tax supposably coming in I cannot see how Thailand can enforce this, as each immigration office can do as they please, so nothing to worry about.
CRS.
The currency. Those in control seem to want it to rise. Do they want to be Monaco, Singapore or Dubai?
Every expat I know in Chonburi says they will pack up the moment they implement this tax change proposal. Enough is enough... and I'll go to where my positive cash flow into the local economy isn't taken advantage of by overspending politicians.
Don't let the door hit you in the ass on the way out
This is happening everywhere. People are not satisfied. One thing I think is relevant is the way money and infrastructure are used. I think that major cities should be a lot more regulated in terms of how many high-rise buildings are allowed in any area. As anyone knows the bigger a place gets the more problematic it becomes. The cost of widening a road where there is no longer room, drainage, sewerage, the list is never ending. The point is that the costs of maintaining any infrastructure when you have no room. You only have to look at what has happened to every major city area.
You raise some great point here. I would hate to see Thai culture be ruined by hoards of people relocating and not respecting when they moving to. I don’t understand why someone would leave their home country because they are unhappy with it, then try to change their destination country to be what they are familiar with. Immerse, contribute and respect.
Rental properties in Cambodia are fully equipped with "electrics" like μwave oven, big tv, fridge, washing machine etc. Fully furnished with crockery etc
Many expats are leaving Hua Hin as well, for different reasons, but nr 1 i hear is the cost of living and to many tourist/snowbirds, most go to Chiang Mai, cheaper and the people are more friendly, and the watershortage we have every hot season, the water just stops or in many buildings and resorts they turn the water of between 10pm and 06 am in the morning.
In private homes people just cancel their stay and head for Bangkok.
Hey Sam. Your a good level headed dude.dont overthink it.
Looking forward to having a beer
I just spoke to a mate that has been going to Los since late 70's, he and many of the dudes that stays a couple of months in the winter time now goes to Cambodia, he stays in Kampot. It's a lot cheaper than Thailand for us Swedes, the rate for Swedish krona is really bad, 1 krona - 3.15 baht... i mostly stay in Rayong, Chantaburi with my thai mates where it's still quite cheap & will still go to Los but when it's time for retirement i will consider Cambodia.
yup my conclusions at the end, cheers
@@thenakedguruhi scott from New Zealand would 8million baht and pension 40.000baht month be enough to live in Thailand like to live in bang saray looking for advice thank you
Hi depends on so manny factors - such as relationship, drinking, location and lifestyle 🙏🙏🙏
@@thenakedguru thank you for your advice from Scott new Zealand
No problem. Thats $400k nz. With that as a reserve plus your kiwi super, you will be fine in Bansaray/Rayong area😊@@scottgeen3062
The Thai Govt. isn't the most trustworthy for US expats ! --- Inflation from the exchange rate alone has become an issue the past 2 years or so ? The new tax laws are also causing some to leave. - - - Cambodia for 'older expats' really offers a bargain with their ''retirement visa" for over 55 ! $800 USD in Cambodia is a much better retirement - with no qualifications or large financial requirements (!) - simply a $290/year fee - and never any visa runs !!! And the cost of living is much lower in Siem Reap. ---- A few retired expats I know actually live 'there' and visit Thailand several times per year ! --?-- Cambodia is also attracting expats from the Philippines where prices are rising somewhat. However - location and lifestyle can still provide whatever budget you may desire or require in many areas ! And - everyone everywhere speaks English. ❤ 👍 🙏 ✌ 🤞
I have known long term residents who where deeply in love with Thailand, the culture, lifestyle, people, etc, but woke up one day and decided it's time for a life change and to return home. It's each individual's personal reasoning and there can be numerous reasons. I also know people who have moved to Laos and Vietnam, so I have some reference to regional options.
Anyone leaving because of the mere mention of a POTENTIAL tax change of which no details are even established yet need to stop reading the 'experts' on the forums and if still worried then best to go home to sunny UK where there are no taxes and life is perfect and you can stop whingeing.
"then best to go home to sunny UK where there are no taxes and life is perfect and you can stop whingeing" 🤣🤣🤣🤣🤣🤣
I have a family up near Udon Thani however if they switch to a world wide tax i will split time between Thailand and Cambodia (with a 3-4 week vacation period as well). It's really just about the numbers and it makes no sense to pay out large sums of taxes when I don't need to.
Ryan, thank you for the level discussion regarding ex-pats in Thailand. It is a very relevant topic for my wife and I. My wife is a dual citizen (Thai/US) and we plan on retiring to rural south Thailand in the not too distant future. I found your discussion helpful and informative. Keep up the good work. My best to you and your lovely family. Cheers!
Careful in South.Certain religion wants it to be seperate for them
@@colinleatham9143 I believe you are referring to the province that borders with Malaysia? I am looking to settle in Nakhon Si Thammarat, farther north from Malaysia.
Thanks and glad you got something from it 🙏🙏🙏
I'm from Canada and I've been coming to Thailand for several years this last trip I took I wanted to get out as soon as I could for the first time ever I was feeling unwelcomed inflation had taken over and prices of just about everything we're just Out Of Reach I love the people I love the country but now hearing about it's these challenges and tax challenges I can think of other places I'd like to retire in
Punctuation is your friend … 😂
My GF and I are also Canadian, and re-located to Malaysia.
same unless it becomes Thailand again and not trying to be the rest of the world ETA digital this and that and the taxation turning into a WEF shithole. I have decided not to retire there
Cambodia is only slightly cheaper than Thailand. Western food in restaurants is the same, drinks are cheaper…. But anything from a a Supermarket is way more expensive. Rents in Phnom Penh are obviously cheaper than Bangkok, but comparable to other areas.
Western food in restaurants 😭 that is a major issue for those who don't like cooking
25 years in Bangkok. There is absolutely nothing today which reminds me the Bangkok I used to know 25-30 years ago.
After 25-30 years you could probably say that about any developing nation.
@@redddo1 I could say that about the developed nations as well. In fact all the world is unrecognizable respect to 25-30 years ago. Can not say the same for example between 1960 and 1990.
@@redddo1 Not really. Many rural areas in Europe did not change all that much. I left SE Asia 2005 (after 25 great years) and it was for me the right move at the right time. Beautiful clean villages and landscape here, no bureaucratic hassles and crime, little traffic and no noise, no communication problems and good infrastructure... Just winters suck. But there are planes.
Siem Reap is a couple hrs away by land from where I reside in Isaan (17 yrs) so guess what I am gonna' do ...
Live 6 months a year in Cambodia should taxes here in the Kindgdom become an issue
Everytime I tell someone I plan to relocate to Thailand, I get this look from them like...."oh, so you're into THAT." So I basically just decided it's not worth the stigma.
People will just vote with their feet if the juice is not worth the squeeze. I see many staying under 6 months / year in Thailand and spending that other income in other countries to minimize taxes. Oxymoron: Govt + Common sense.
A agree with most of the comments. I have been working towards a business / retirement in Thailand with my thai girlfriend but now I'm thinking about a plan B or C.
Why should I pay 2 x tax when I generate income for Thailand every year.
I don't know what to do now except wait and see what really happens
If You earn and or remit above 120k baht then by law You have to file a tax return. Savings from pre 2024 are not taxable but pretty much everything else is. Thailand joined the CRS in 2023 . The new suggestion is to tax worldwide income wether remitted or not and that would be brutal.
I'm retiring to Thailand in July. Change happens everywhere. But also we have to respect the culture we are moving too.
Expats should mingle instead of huddling together.
completely agree. Thailand has never begged anyone to come and LIVE HERE. Please visit and see our culture and our people. For those that choose to live here, accept and embrace the culture and the way of life, the good, the great and the not so great. If its feels so bad, ask yourself why you've chosen to come to Thailand to live. Change is part of life regardless of where you live. Normally most people don't notice it until they move away and return. 90% of the people I've met and known who have left for one reason or another generally regret leaving. Coming back only makes it harder, because they lose that "Life Equity" that they've built up in Thailand and now come back to a higher cost of living and sometimes a location where it is far different and unfamiliar because they need to downgrade their lifestyle. Moving here has probably been the best decision I've ever made, many long term expats will agree. No matter where you go, there you are. Choose wisely, or be lucky. Anything is possible. Thanks for your solid opinions and quality channel. It makes my day just that much better!
Well put!
Bingo 👍
the reason is the Thai state crazy claim to tax money transfers from abroad : how do you distinguish new income from previously accumulated savings ? Who has the burden of proof ? In such a mess obviously retirees are fleeing the country.
For me was medical issues ....in 🇺🇸 i get free medicine and doctors ext .... in south east asia i literally had shiatttt and my medicine was like 800 usd a month ( but its free in the 🇺🇸)
Pay tax in Thailand. Lol. What do you get in return. Nothing. I am out of here.
11 more pay checks and I'll set up residents in Veintaine for at least a year while studying the language, I already can read and speak a little. Then move into to rural Laos. I originally planed on Thailand but it slowly became not an option.
Been a long journey brother - 4 years you been part of this channel - seen every comment and noted that your time is coming up 🙏🙏🙏🙏
@@thenakedguru Looking forward to a cup of coffee with you in the near future.
Laos is a great option, if I were to go back and do it over again, I would choose Laos over Thailand.
Thank you for sharing. It's very informative to have the pros and the cons anywhere so I don't take conscience at all, and insect it serves to help me steer away or in another Direction the saving a lot of aggravation. Thank you again
My retirement plan is still to live in Thailand. IF (and only until) new tax laws are actually implemented (rather than just maybes and mights) that impact my retirement will it become an issue for me. Cambodia was also in the running but personally I though the better infrastructure and especially medical care in Thailand was more important than the ease of visa requirements and more English speakers in Cambodia. A big change in the taxes could very well swing the pendulum in the other way.
As for assimilation I totally agree. I would hope all immigrants try to assimilate here and I plan to try to assimilate there. I am already trying to pick up some rudimentary Thai even though retirement is sill some years away, I am trying several different Thai restaurants and as many menu items as possible. I imagine those same loud mouth whiners complaining about the foreigners that won't learn the culture here in the States are the same jackhats that expect all western food and English speaking Thais in the heart of Isaan.
I’m retired in Australia , uk duel Nat.im well looked after by gov plenty of perks like free car rego bus rides etc . I would never consider retirement in Thailand purely on the fact I would never have any rights there, unlike Thais married to xpats. Cheers. But. O thanks, great for a couple months , then it’s home fir me
For me, I think semi-rural Japan would be a really nice place to live as a digital nomad... but from my understanding the visa, and other rules, make that far more of a challange. I think you could technically, when from the UK, stay for 180 days per year as a tourist. Not sure how you would stay year round as a digital nomad. They have brought in a "digital nomad" visa, but you need an income of about £65k and $1m in assets for a 6 month digital nomad visa and don't get resident status (required to rent property if I understand correctly).
If I could get a 100% remote job, that pays the same as my current job, a few years in thailand, Japan and other places would be fantastic. Issue for me is I would need to change the sector I work in, I currently work remote, but cannot work from outside the country.
Our long term plan is to retire to Chiang Mai. We go every year to learn more about the culture and people as well as use the language im learning. The tax will sort itself out by then. We are English and had to pass a test to apply for Australian citizenship so would be happy to do a similar test to migrate to Thailand. I'm not sure everyone moving to Thailand has similar thoughts and appreciation for the country.
@thenakedguru Ryan, Not related to today's subject, but seeing you riding a Selaeng today it was good timing because I read a post & question about these 'vehicles' in a Facebook group. I'm sure that you would be aware that those 'sidecar' attachments to motorcycles, are illegal in Thailand except in very limited circumstances. Although, as someone pointed out, Police will mostly ignore then as one commenter said, "because of Thais limited access to owning cars". That being so, if they are involved in an accident, no insurance company will pay out unless there's a specific clause in the policy that permits the sidecar attachment. Be very careful when riding that red machine.
This is Thialand :) cheers Colin
Great discussion...sadly, Japan has serious issues (highest debt to GDP @ 264%). Much of its tech dominence has been assumed by other countries. Great Thai country living scenery in this vid!😊
Japan is deep state. USA run things there
Just got back from Bangkok and Chiang Mai, loved every minute, ESPECIALLY the safety regarding crime. Driving safety is another issue. We're thinking about rotating our retirement location among Thailand and another couple of inexpensive countries. We're not likely to drop our US passports, so will have to pay taxes one way or another. Thanks for this!
If TL goes csshless, I would have no idea how to manage that
It will never happen, fortunately. They can’t even fill in potholes in footpaths … 😂
I think it is the multiple issues from tax, ETA and tourist tax all of which we need to see the details. But in retirement you need flexibility nothing stays the same, Have to agree it is a pain to deal with these issues when all you want is a quite lifestyle but if it does not work for you. Then you have options after all it is your money there maybe a work around who knows.
I had a meeting with a Thai lawyer and he said if you bring your savings here before you have been here for less than 180 days the money is not subject to tax.but if I was working and not on a retirement visa I would happily pay tax here to stay I ain’t leaving
I do agree its quite important for those that wish to live there to understand the culture and know just a few words of the language
Great video thank you! I am a frequent visitor and have travelled through much of Thailand since the early 1980s. I am half Thai so welcome the increasing wealth of the country. But it is so unevenly distributed and most of the riches go to rich property and business owners. Obviously development has mostly benefitted Koh Samui, Bangkok, Hua Hin, Chiang Mai and of course Phuket. There a definite upward pressure on amenities, costs, standard of accommodation and service. At the same time poor Thais are being pushed away from potential income producing areas in the richer suburbs, with the police moving on unauthorised vendors street food sellers etc. Icon Siam is great if you can afford to rent a bit of it to sell your food or work as a waiter/cook etc. But to be honest backpacking on a budget is becoming unviable due to the loss of truly cheap services in the main tourist centres. But the provinces are happy to have your business! Ok, one can complain about the rising costs, but if you don't want to contribute to to the growth of the country (by paying more taxes or more for essentials) it is obvious that you will go somewhere else that is cheaper.
❤🙏🏻That was so interesting to hear. My opinion is that Covid affected the world not just Thailand. Everything has gone up in price. If it wasn’t for my health I would have been back with a permanent home in Thailand, but at least I have been to the land of smiling faces & hopefully in my next life I live there. 😃Have a beautiful Sunday. 💞💞💞💞
I’m a frequent visitor and viewer, looking at some point to live in Thailand. I now prefer the remote parts of Thailand, partly because I’ve done the tourist trail etc, but I just like the quieter areas. If your intention is pure then I think Thailand will welcome you. If cost of living goes up it’s still cheap, big news, everywhere has gone up in price.
I like your vlogs and have been watching them for years.
But stop talking about integration or even tests.
One can be here for years and speak the language. But we will always be the farang and never accepted as equal by thais
The tax thing is scary when it is hard to get all of the facts.
I have been to Thailand 20 times & am wanting to relocate there within the next 12 months.
I therefore did some investigation, watched some webinars but still couldn't get all the facts to set my mind at ease.
Last Friday, I just completed a Zoom meeting with a Thailand company, AITax who are DTA (duel tax agreement) specialists with 5 countries so far.
I figured that I needed all the facts rather than just trying to wing it.
I am still booked in to see my accountant in my home country as there is a lot involved to setting up your finances prior to the relocation as your decisions may be impacted by the new Tax laws in Thailand.
I think that care will be required with what is potentially introduced as if not handled correctly could result in a mass exodus which could have serious ramifications from the property developers who continually build & the flow-on effect through a multitude of other businesses & individuals.
Just my 2c worth.
Cheers
The UK has a double taxation agreement with Thailand so you get a rebate on any tax you pay here if you have also been taxed on that income in the UK.
So what, it's a 35 percent tax rate in Thailand and a massive headache having to file taxes TWICE
@@noblewolf679 With a monthly income of, let us say 65000 baht, or around 800k a year, which is quite normal for expats in Thailand, you will not pay anything near 35%. With deductions, (plus one extra deduction of 190.000 baht if your age is 65 years or more), in most cases you will pay less than 10% taxes. It`s a graded tax system. This scaremongery needs to stop.
Great video Ryan, really enjoyed you going over the topic. It appears maybe the wealthy are leaving to avoid tax and the others are leaving because the cost of living are going up and they're on a fixed income.
Retirement visas can change at anytime in any country. Where the money goes is where the changes come.
Tax, inflation and excellent health care system are important for expats.
Hi guru ,I personally hate wots happened to Thailand with the influx of farangs I moved there in 1997 ,spent 13 yrs Phuket 4 yrs isan 3 yrs in Songkhla in a beach village with no farang bliss,I watch all these U tubers telling everybody to move to Thailand,cheap cheap they say & with all this advice & there have been here 2 minutes can't speak the language never speak about the Thais only winge if they do what the fu....! The ruination of a great country, angry old farang😢
Your video was great, although my question is how did you manage to live in Thailand for 15 years, you have a business visa?
had a number of companies here such as a school and a jazz lounge, which i had Non-B Visas for,now i am on a marriage visa with an e-commerce business, cheers
The UK is having mass migration issues but they dont want accept or integrate with our culture ...
If your full country has a tax treaty with Thailand, you will not be paying taxes. You might have to file taxes, but you do not have to pay taxes.
Great vlog. We are thinking of retiring abroad and Thailand is on the list but we would want rural and to try and learn the language. It annoyed me with the Little Englanders that moved to France and expected them all to speak English. I pushed myself into local communities even though initially unable to speak much French. We want to leave the UK because it feels a very intimidating place to live now and pretty scary. Looking into other countries as all have pros and cons. So we will see.
I have already invested too much in living in Thailand to be able to move to another country. Due to a tax treaty I am not too worried about double taxation. What I am worried about is the UN and WEF influence on Thai politics: CBDC and further digitalization, climate politics etc.
Hi Ryan, once again my wife and I are returning to That for 2 week break and visiting family…we’re flying to Udon on 3rd November and driving down to Buriram a few days later to visit more relatives….would love to pop over and visit you and family for a couple of hours…kind regards….John and Chompoo
Expats...with money...leaving
9:00 Bangkok, Pattaya, Phuket are Western cities that happen to be located in Thailand.
But who are we, the super fortunate Westerners who have already benefited from such development to critique the opportunities for locals to advance their standard of living
Too much fear mongerjng on this and other platforms about a tax issue that is far from being a definite. Any changes will require a change in Thai law first and foremost, which takes years. Don’t listen to people in social media who aren’t qualified and are just making these headlines for clickbait. Go to watch Ben at integrity legal if you want to hear from a qualified tax professional about what is really going on. Resist the hype people, resist
yup, he i sone of the reasons i have a disclaimer
Yes, some areas are being taken over by tourists, and as a foreigner, I stay away from the tourist areas, and stay with my Thai gf. I have been to Thailand 4 times now.
I’m still here 5yrs n counting I hope for another 5yrs
Soup with fish feet. Chicken feet yes very popular. Not seen walking fish not even in Thailand 😮
😂😂my bad I was going to edit it out but I felt the interaction was nice! Though fish feet in Thailand wouldn’t surprise me!
We were ready to buld a house here in Thailand, had the plans and lot secured, we bailed last minute because of the new tax laws. I have a 20 year elite Visa, what a waste, I don't know how much time we'll spend here going forward, we plan on trying to stay around 175 days a year but i imagine it will eventually not worth it. Cambodia, Malaysia, Philippines, Vietnam and even Laos are where everyone is going now. Don't make my mistake, Visa is worthless now
I cancelled a house ($15M THB) & vehicle ($3M THB) purchase in 2024 until I better understand tax implications.
If your 100% sure you want to live here and dont want to pay tax, come buy all your cars bikes houses and fill up the bank then leave for 6+ months come back and retire you won't have many bills. You can come here with $10k everytime tax free also you can transfer in the minimum taxable per year also.
You will be shocked ryan when you come back to bolton
I renew my retirement visa in March, and I'll be watching the feedback of those renewing in January and February to get a sense of exactly what is going on. Personally, I think there is so much uncertainty surrounding this tax issue from the powers that be that it will be difficult for Thailand to implement such a wholesale change.