Nice to be a Thai (?)
We Farang live in Thailand and usually have a good time there. It is therefore a good place for us. Some still complain about anything and everything. Others see things through rose-colored glasses. That is all widely reported on the Thailand blog.
Thailand will begin automatic financial information exchange with other countries this year
Thailand is going to take a big step in international cooperation on taxes. From this year, financial institutions such as banks and insurers will pass on their customers' financial data to the Thai tax authorities, which will then share it internationally. What exactly does this mean, and what does it mean for ordinary citizens and companies?
Thailand's budget adjusted to new government policy
The Ministry of Finance and the Budget Office are planning a meeting to review possible amendments to the Budget Act for the upcoming fiscal year. These plans are up in the air pending the policies of the newly elected government. The bill, which was approved by the previous government in March, set a state budget of 3,35 trillion baht for the fiscal year starting in October.
The new treaty with Thailand to avoid double taxation, which will come into force on 1 January 2024, including a source state levy for pensions and annuities, already entails a negative income effect for almost everyone, but many Dutch people living in Thailand can still come up a few notches.
Are farangs welcome in Thailand?
Holidaymakers are of course welcome in Thailand and that is how most farangs will feel as such. But is the farang who resides permanently in Thailand welcome and more importantly, does he feel welcome? Of course – after 6 years in Thailand – I can only speak for myself and illustrate this with some examples.
TB Immigration Info Letter No. 069/21: Thai Embassy Brussels – Financial requirements Non-immigrant OA increased
I just saw that the financial requirements for a NON-IMMIGRANT OA in Brussels have been increased to a bank amount of 27 000 Euro (1 000 000 Baht) or an income of 2700 Euro (100 000 Baht?) per month. The combination method seems to be no longer possible.
If I receive an inheritance from a family member after getting married in Thailand and I have registered with the municipality's BPR and have not registered the marriage certificate in The Hague, will I be the only one who inherits or will my wife also?
Reader question: Do Thai women have two faces?
I have been in a relationship with a Thai woman (from the Isaan region of Khon Kaen) for 4,5 years. She is now in her mid-30s – no children, not married, but studied but works in a shop (family business).
I got married in Thailand at the town hall in Chiangmai. In the event of a divorce in Chiangmai, what about the division of finances? So what about the law there and how long is the arm of the Thai authorities with any claim to foreign assets?
Almost twenty percent of the Dutch population experienced an income drop in March as a result of the corona crisis. A slightly higher percentage (21 percent) also expects this decline in April. This is evident from a poll by the National Institute for Budget Information (Nibud).
Thai delegation TMB Bank at Money Wise
There is interest in Thailand in financial education as set up in the Netherlands. On Wednesday, January 29, a delegation from the TMB Bank visited Money Wise. The Dutch approach is seen as an example abroad.
About half of the Dutch rate their financial situation as good to very good. According to three in ten Dutch people, their financial situation has improved in the past 12 months, while a quarter of the Dutch have seen their own financial situation deteriorate.
Although this below does not apply to me, with my six months Netherlands, six months Thailand stay approximately. Do I read the new rules regarding longer stays in Thailand? Example means wanting to stay for a long time without sufficient cash and still want to stay in Thailand. The requirement for obtaining a long stay is to transfer 65.000 baht per month from abroad to Thailand and to be able to prove this on your bank book, update one day before the required application.
The Dutch enter the new year full of financial good intentions
More than 80% of the Dutch have financial good intentions for the new year. Being more frugal (37%), less unnecessary spending (37%) and not being overdrawn (26%) are the top 3 good intentions.
Rabobank: Dutch households have little free savings
When you look at pensions and home ownership, the Netherlands is in the top 4 of countries with the wealthiest inhabitants. Nevertheless, Rabobank issued a strong warning after an investigation: compared to other Europeans, the Dutch have little freely available capital. One in five even has no buffer at all to deal with financial setbacks.
I recently started a relationship with a 47-year-old Thai woman. We have only known each other for a short time, but all kinds of dark stories are circulating about finances both towards Thailand (family). They would mainly live with an older man or marry for financial reasons. I am 63 years old and still very sporty and very active. The stories have made me very insecure about this relationship. Can you clarify something for me on this?
34% Dutch people concerned about their own finances
The importance of financial care is great. For example, it has a stronger correlation with happiness than income itself, but also, for example, than the number of friends someone says they have. More than a third of the Dutch are concerned about their own financial situation.