Why Expats Are Leaving Thailand in 2024

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  • Опубліковано 21 лис 2024

КОМЕНТАРІ • 95

  • @TravelTriad24
    @TravelTriad24  9 днів тому +1

    New Tax Policies: Sources highlight Thailand’s introduction of tax laws that impact foreign-earned income for expats who stay over 180 days, requiring them to pay income tax on foreign earnings, including pensions. This has been widely discussed in recent financial and expatriate news as a significant reason why some expats, especially retirees, are leaving Thailand​
    Rising Cost of Living: Articles and economic reports discuss the strong Thai baht and inflation, which have increased costs for foreign residents. For expats on fixed incomes, this change makes daily expenses more challenging​
    Shifting Demographics: News reports indicate a growing presence of Chinese and Indian tourists and residents in Thailand, which has shifted some expat dynamics. This change has impacted the culture and focus of local businesses, creating a different experience for Western expats​
    Visa and Residency Challenges: Sources confirm stricter requirements for long-term visas and residency, including more documentation and fees, making neighboring countries with easier policies more attractive for some expats​
    This information is drawn from a combination of current news articles, economic reports, and online forums where expats discuss these recent changes.

    • @sarlina1
      @sarlina1 9 днів тому +1

      You wrote: "Visa and Residency Challenges: Sources confirm stricter requirements for long-term visas and residency, including more documentation and fees, making neighboring countries with easier policies more attractive for some expats​".
      THIS IS NOT TRUE. Please do not spread false information. The fact is the quite opposite. Thailand has introduced their new DTV this year, Destination Thailand Visa, which is very popular. That is a visa which gives you 180 days each entry, a multiple entry visa, and it is extendable both within Thailand and at border crossings, for up to 5 years. You can in fact live 5 years in Thailand on this visa (with border runs and extensions). This visa is for digital nomads, and for expats learning Thai, or Muay Thai, attending cooking classes and so on, with their families.
      In addition, Thai Immigration have this year extended the normal 30 days visa free stay (visa exemption) to 60 days for 93 countries. Extendable with 30 days within Thailand.
      For longer stays, like visas based on retirement, the most popular visa, that is very easy to achieve. That visa has not been through any changes for many, many years. But they might change a couple of requirements on that visa early next year, but those are meant to make the visa EASIER to obtain, not harder. So all in all your information here is completely wrong.
      Thailand has the best and widest visa options in SE Asia. There are tens of choices, suitable for everyone. Countries like Vietnam and Indonesia do not even have a retirement program for longer stays. Malaysia has one for 10 years, but it is very expensive. Thailand has a similar visa, and they have several other long time options, like the Thai Privilege visa, LTR visa, and of course the retirement visa. As a retiree in Thailand, you can easily live as many years as you want in Thailand from 50 years of age, on a visa based on retirement, or the Long Term Resident visa, LTR. And using an agent can even bypass any money requirement for the retirement visa. If you are under 50, you can apply for The Privilege Visa, the Destination Thailand Visa, or ED visa, for longer stays.
      What might be harder to do though, is doing several visa exemption border runs repeatedly, and stretching them into a year, or longer. Those repeated entries are solely in the hands and discretion of your immigration officer. Doing border runs without a visa, I suggest using a visa company, going by their vans. Those are reported going through with ease.
      You will need a visa for longer stays though. You can get a METV, a multiple entry tourist visa, which gives you legally up to 9 months of stay, and even mix that up with a visa exemption or two.
      None of the countries you mentioned are easier to get long term visas, everyone should be aware of that. The grass isn't greener on the other side. Malaysia has become pretty strict too now. Maybe except Cambodia, which have more relaxed, cheaper and easier rules than any other countries in the region, but they don't have all the options Thailand has, and not at all the same living standard.
      Btw. I have been working as a visa agent (and for a law firm) for 11 years. so I do know a thing or two about Thai visas. For your information 😊

    • @sarlina1
      @sarlina1 9 днів тому +2

      You wrote: "New Tax Policies: Sources highlight Thailand’s introduction of tax laws that impact foreign-earned income for expats who stay over 180 days, requiring them to pay income tax on foreign earnings, including pensions. This has been widely discussed in recent financial and expatriate news as a significant reason why some expats, especially retirees, are leaving Thailand​"
      You are right, that has been widely discussed. But the fact is that this new tax law has not yet gone into effect, and it is not implemented into any channels of authorities. It is, as of now, only a proposal for the new government to decide, and nothing suggest that they will approve and implement this new law for expats. There has been too many protests, they realize that they will lose a lot of expats and retirees if this is implemented into Thai law.
      So, this proposal is not a current law, nor will it be in the near future, is my guess, which is shared with lawyers and tax specialists all over Thailand. This is not a law before it is posted in the Royal Gazette, which has not yet been the case.

    • @deregerm
      @deregerm 5 днів тому +1

      @@sarlina1 As a westerner living in Thailand and has been through many countries in Asia, you are bang on. This video should be removed for false information.

  • @sooantonysolotraveler
    @sooantonysolotraveler 11 днів тому +11

    After Singapore, Thailand will be the next more better/faster advance developed living/transportation/safer situation and condition in Southeast Asia country and city especially in Bangkok. In term for safety are lesser pick pockets/theft/robbies with better safety prevention. If the expats/retired choose safety life and better mode of public transportation in Singapore and Thailand are the better choice compared to Vietnam/Cambodia/Lao/Indonesia/Malaysia. Malaysia now is the top choice for expats now compare to Vietnam/Cambodia/Lao/Indonesia because they have more better transportation like trains system in some state there but for safety life are still not very much safer there were/are still many bad incidents about pickpockets/thefts/robberies/accidents happening there if any expats did not look/check around there carefully just because they wants to safe more money for their living in those not very well developed Southeast Asia countries their life will not be more safer and peacefully for their long term living. Anyway, these are just my opinion only to choose for better safety life of living as in the video did not share and mention about safety left/lack out.

    • @TravelTriad24
      @TravelTriad24  10 днів тому +1

      Thank you for such a detailed reply. I learned a few things from you. My only concern with what you wrote is that Singapore is much more expensive than Thailand and for people on a budget/pension, it might not be an option. Otherwise I completely agree.

  • @thinkingaloud5379
    @thinkingaloud5379 3 дні тому +1

    For those leaving,go fast to make room for many more clamouring to settle in this paradise land!

  • @Chaichanaxxx
    @Chaichanaxxx 5 днів тому +1

    Welcome to Thailand everyone and have a good trip 🙏🏻🇹🇭💕💯🥊🫶🏻

  • @dantheman11121
    @dantheman11121 11 днів тому +12

    Thailand is still very affordable I don’t by this BS 🤷

    • @TravelTriad24
      @TravelTriad24  10 днів тому

      I hear you and yes, it's still cheap compared to the west. But if you're on a very tight budget, then this isn't bs but useful.

    • @_Tony.Montana
      @_Tony.Montana 6 днів тому

      The current exchange is 34 thb to $1 USD it used to be 52thb

    • @deregerm
      @deregerm 5 днів тому +1

      @@TravelTriad24 this video is trash and mostly repeated speculation. Should be removed.

    • @guytr8124
      @guytr8124 4 дні тому

      Should have been presented by a man rather than a woke sounding woman. Written by a woman, too.

  • @thestaffrockband
    @thestaffrockband 10 днів тому +7

    Don't know if other countries have this, but specifically the US-Thailand tax treaty, signed in 1996 prevents all double-taxation, so if any Americans are afraid of that, just read it and you'll see for yourself.

    • @TravelTriad24
      @TravelTriad24  10 днів тому

      Thanks for the comment. I think that's the form 1116 you might be talking about. But I'm not certain on the US tax laws.

    • @DavidWilliams-qr5yj
      @DavidWilliams-qr5yj 10 днів тому

      ​@@TravelTriad24 he is correct

    • @KevinELaBar76
      @KevinELaBar76 9 днів тому +1

      ​@@TravelTriad24then why state it as fact?

    • @kathleenkalt3852
      @kathleenkalt3852 День тому +1

      @@KevinELaBar76 if it talks like a bot and walks like a bot....This is AI. I've noticed many AI travel channels. f yi

  • @chatenpatel3808
    @chatenpatel3808 10 днів тому +9

    There is no tax on pension from home country .....check your facts first

    • @TravelTriad24
      @TravelTriad24  10 днів тому +1

      I have, here's a snippet, you can google it.
      In Thailand, expatriates receiving foreign pensions may be subject to income tax under new regulations that came into effect in 2024. Previously, only income brought into Thailand within the same calendar year was taxable. Now, foreign-earned income, including pensions, is taxable if brought into Thailand, with progressive rates up to 35% based on income levels.
      For pension taxation, there are two primary exceptions:
      1. **Double Taxation Agreements (DTA):** Thailand has DTAs with over 60 countries, allowing for possible tax relief if the pension income is taxed in the home country. This often applies to government pensions, so checking the specifics of Thailand’s DTA with your home country is essential.
      2. **Pensions Earned Before 2024:** It’s still unclear how to prove this to Thai authorities, but pensions earned before the policy change may be exempt.
      Tax residents (those in Thailand for over 180 days annually) are required to report such income. For further details, consulting with a tax professional or visiting Thailand’s Revenue Department website may help ensure compliance and avoid double taxation issues.

    • @DavidWilliams-qr5yj
      @DavidWilliams-qr5yj 10 днів тому +4

      The new tax proposal has not been passed into law. We live here we have professional tax preparers to consult with. LOL not just Google it LOL 🤣 😂 😂😅

    • @MichaelPrudhomme-u7x
      @MichaelPrudhomme-u7x 9 днів тому

      I heard that the new tax law was not drafted to get at farang money but rather to go after wealthy Thais doing creative tax dodging like offshore etc
      My 401, SS, capital gains from real estate and a tiny pension will be fine as Uncle Sam will have already gotten their hands on it (double taxation agreement).
      COL (rising globally, to be fair) and a strong THB are worrisome but my budget draft is still half in the land of smiles.
      As the famous meme goes, “I’m gonna come”

    • @mactravel112
      @mactravel112 8 днів тому

      u are in for some surprises

  • @melbinmyongk
    @melbinmyongk 3 години тому

    I agree with you 100% on all points. After taking trip this year, I realized Thailans has setup a two tier system against farangs, taking an entrance fees, for example, charging 5 times higher than local. I also saw news where Thailand PM told Chinese that China is like a big brother to Thailand with polices of attracting huge influx of Chinese tourists. I went Pai, Chiangmai, Lampang and Bangkok and was confused whether I was in China or Thailand. I believe it is going to get worse.

  • @waynemakay
    @waynemakay 3 дні тому +2

    Talk to Immigration. All B.S. as the SOME People are millionaires that try to manipulate the Thai system. Please shut up and leave obviously not knowing how to budget. Oooo I detect a touch of Racist. YOUR OPINION. Leave the Country alone and you ‘can get out’ with other people that have your attitude. Wayne M. 🇨🇦

  • @RustyShackleford-s2o
    @RustyShackleford-s2o 9 днів тому +4

    This is an AI bot telling lies.

    • @TravelTriad24
      @TravelTriad24  9 днів тому +1

      Well, you know what they say-AI stands for "Artificial Intelligence" and "Absolutely Inaccurate" at times!

  • @williamreyes468
    @williamreyes468 10 днів тому +3

    1:14 Video starts with an outright lie. I stopped watching at this point.

    • @TravelTriad24
      @TravelTriad24  10 днів тому

      Really? not according to Thai officials. Here's a snippet, feel free to google it for yourself.
      In Thailand, expatriates receiving foreign pensions may be subject to income tax under new regulations that came into effect in 2024. Previously, only income brought into Thailand within the same calendar year was taxable. Now, foreign-earned income, including pensions, is taxable if brought into Thailand, with progressive rates up to 35% based on income levels.
      For pension taxation, there are two primary exceptions:
      1. **Double Taxation Agreements (DTA):** Thailand has DTAs with over 60 countries, allowing for possible tax relief if the pension income is taxed in the home country. This often applies to government pensions, so checking the specifics of Thailand’s DTA with your home country is essential.
      2. **Pensions Earned Before 2024:** It’s still unclear how to prove this to Thai authorities, but pensions earned before the policy change may be exempt.
      Tax residents (those in Thailand for over 180 days annually) are required to report such income. For further details, consulting with a tax professional or visiting Thailand’s Revenue Department website may help ensure compliance and avoid double taxation issues.

  • @goodphone156
    @goodphone156 11 днів тому +9

    I don't agree with you when you say on inflation! Is for something like Tax, visa , and 90 day report , is absurd that you have every 90 days go in office immigration for reporting this ! Two you have to pay everything thing ,a simple visit could cost you 100 Euro or Dollar! You not have the same rights than Thai people, you cannot buy the land ,you don't have right to get some loan and so on ! And after several years that you live there you have to make each time new visa , even if you are married! Thailand has a strange politics! OK! When you are a tourist, every thing seems amazing but when you live there there are things that are not properly so !

    • @TravelTriad24
      @TravelTriad24  10 днів тому

      Thank you for the comment. This is geared toward living there, not visiting as a tourist.

    • @KevinELaBar76
      @KevinELaBar76 9 днів тому +2

      Yes, the 90 day reporting is absurd, but I do it online and it takes 10 minutes. So what? It's no big deal. Anyone who lists that as a reason to leave must have other problems. Who would change their entire life over something that takes less than an hour a year? Like every other country will be rainbows and lollipops? Every country has their idiosyncrasies.

    • @carltonedwards8775
      @carltonedwards8775 7 днів тому +1

      Thailand is not forcing anyone to move there. Do your research and if you don't like Thailand's policies, go somewhere else or stay in your own country. I strongly support Thailand's policy of not letting foreigners buy land there.

  • @andyjackson5986
    @andyjackson5986 11 днів тому +7

    The tax is a proposal its not law yet

    • @TravelTriad24
      @TravelTriad24  10 днів тому

      Not according to the DTA, Thailand's double taxation agreements, which is now up to 60 countries and rising!

    • @DavidWilliams-qr5yj
      @DavidWilliams-qr5yj 10 днів тому +4

      ​@TravelTriad24 you're wrong. We live here and we've gone to the Thailand tax office. The tax officers have confirmed, the so called new tax rules have not be come law and probably will not be passed. Social Security is not taxed and only cash transfered from your home countries to a thailand bank account would be taxed (if passed) don't spread misinformation

    • @DavidWilliams-qr5yj
      @DavidWilliams-qr5yj 10 днів тому +1

      We love Vietnam, and live there 3 months per year. But it's cost of living is the same as Chiangmai Thailand

    • @TravelTriad24
      @TravelTriad24  10 днів тому +1

      @@DavidWilliams-qr5yj Interesting and thanks for the comment. I have multiple expats telling me it's in effect and have already left Thailand. No idea what to make of it other than perhaps somethings changed.

    • @mactravel112
      @mactravel112 8 днів тому

      @@TravelTriad24 Dave has no clue what he is talking about.

  • @sakutuomainen6084
    @sakutuomainen6084 8 днів тому

    I stay in Vietnam top floor sea view hotel with balcony, 1 monthly price 220euro. Amazing fresh sea only 100m away.

    • @dation0000
      @dation0000 4 дні тому

      neat , where , wat hotel?

  • @Stevowowww
    @Stevowowww 10 днів тому +3

    Er wrong all of it😂

    • @TravelTriad24
      @TravelTriad24  9 днів тому

      Er wrong? Well, that's a bold statement! Care to enlighten me with your wisdom?

  • @_Tony.Montana
    @_Tony.Montana 6 днів тому

    Thailand currency has gained a great deal of strength against the $€£ The exchange is about 42% less than what the western tourists were getting 20 years ago. Vietnam is cheaper and so is Malaysia.

  • @goodphone156
    @goodphone156 11 днів тому +4

    You have right ! I am already went jn another country!

    • @TravelTriad24
      @TravelTriad24  10 днів тому

      Thank you for the comment and validation!

  • @LisaLisa-mo2tg
    @LisaLisa-mo2tg 9 днів тому

    wow this is how Ai trying to ruins thailand turism industri that so sad.. May god bless thailand from malaysia..

  • @jimmyg4428
    @jimmyg4428 7 днів тому +1

    Good let them leave
    I’m coming soon …

  • @keithrogers9741
    @keithrogers9741 10 днів тому

    Malaysia is probably my favorite except for the cost of a retirement visa which was not mentioned, cheapest one is Sarawak which is close to 40k (after additional costs) invested in a bank there for 2 years can't touch it and only a portion of it available after 2 years on only what the Gov approves, not worth it for me. Mainland visa cost is much more expensive than this

    • @TravelTriad24
      @TravelTriad24  9 днів тому

      Very interesting, thank you for sharing. I've not done any research into Malaysia, but it's next on my list. I'm currently working on 3 videos for Vietnam, possibly 4. Feel free to check back and correct me on the Malaysian ones if they need it.

  • @danielbassett1076
    @danielbassett1076 11 днів тому +2

    Why no mention of visas for Vietnam?

    • @TravelTriad24
      @TravelTriad24  10 днів тому

      Thank you for the comment. I am a new channel, still trying to find my way as it were. I will be doing a series on Vietnam very soon.

    • @DavidWilliams-qr5yj
      @DavidWilliams-qr5yj 10 днів тому +1

      Vietnam's visa is their weak spot.

    • @PeterKit-k4x
      @PeterKit-k4x 10 днів тому +1

      The information about affortebility in Cambodia is totally wrong. Both, rents and food is much higher than in Thailand

    •  День тому

      Please don't, Vietnam doesn't need you saying anything.

  • @deregerm
    @deregerm 10 днів тому +4

    Pretty obvious why you have 58 subsribers. Bali? really.. Obviosly you have never been there. Duh

    • @TravelTriad24
      @TravelTriad24  10 днів тому

      Lol, don’t worry, I’m just getting warmed up! More cool content coming your way soon!

    • @genjimonogatari6156
      @genjimonogatari6156 5 днів тому +1

      Lol 😂I know right

    • @deregerm
      @deregerm 5 днів тому

      @@TravelTriad24 Not a chance I will ever watch another of your videos. Full of non facts and regurgitated news speculations.
      Banned from my feed…

  • @stevehatten209
    @stevehatten209 11 днів тому +4

    Before you guys say the old diversity is our strength, bs. Just look at Bangkok nightlife that refuses service to Indians. There is a reason for this, too !

    • @TravelTriad24
      @TravelTriad24  10 днів тому

      Thank you for sharing your perspective! It's always valuable to hear different viewpoints on such complex issues.

    • @dilbertfirestorm4851
      @dilbertfirestorm4851 4 дні тому

      i'm curious. whats the reason for refusing Indians service?

  • @brucesnyder690
    @brucesnyder690 10 днів тому +6

    Tax information wrong .

    • @TravelTriad24
      @TravelTriad24  9 днів тому

      Sorry to feel that way, it came directly from Thai sources!

  • @louis20122
    @louis20122 11 днів тому +3

    AI is taking over.

  • @williamhoole2065
    @williamhoole2065 10 днів тому +7

    misinformation

  • @SteinarNodland
    @SteinarNodland 9 днів тому +1

    Mostly wrong.....

  • @markmcdaniel304
    @markmcdaniel304 10 днів тому

    Is there a tax on Social security?

    • @TravelTriad24
      @TravelTriad24  9 днів тому

      To be honest, this is something you should ask Thai immigration as things can change at the blink of an eye. I'm seeing conflicting information on the Thai official sites on this one. I hope that helps.

    • @waynemakay
      @waynemakay 3 дні тому +1

      Not at all. Talk to Immigration and stop listening to B.S. Wayne M. 🇨🇦

    • @markmcdaniel304
      @markmcdaniel304 3 дні тому

      @@waynemakay thanks

  • @robknook2059
    @robknook2059 8 днів тому

    Please stop backgroundmusic

  • @gregormitchell1378
    @gregormitchell1378 10 днів тому

    No they’re not. If they were why are you there.

  • @darrenleong7953
    @darrenleong7953 10 днів тому

    The western expat is getting poorer, cos company retrenchment, lower pay package.....can't afford to employ expat anymore, going bankrupt.

    • @TravelTriad24
      @TravelTriad24  9 днів тому

      It's definitely a challenging time for many expats out there. The job market is shifting, and it’s important to stay adaptable and explore new opportunities.

  • @alanhollands8901
    @alanhollands8901 3 дні тому

    Expats is an invented snob name.Keep to the correct immigrants!