Bangkok ranks 6th out of 50 cities worldwide in Expat City Ranking 2022, Friendly atmosphere a highlight

Bangkok ranks 6th out of 50 cities in the Expat City Ranking 2022, performing best for personal finance and worst for working abroad and quality of life.  

– In 2022, Valencia (1st), Dubai, Mexico City, Lisbon, Madrid, Bangkok, Basel, Melbourne, Abu Dhabi, and  Singapore (10th) are the top 10 cities for ex-pats to live in.  

– On the other hand, ex-pats consider Johannesburg (50th), Frankfurt, Paris, Istanbul, Hong Kong,  Hamburg, Milan, Vancouver, Tokyo, and Rome (41st) the world’s worst cities to live in.  

Bangkok ranks 6th out of 50 in the Expat City Ranking 2022 by  InterNations, the world’s largest ex-pat community with over 4.5 million members.

The city excels when it comes to both Personal Finance and the Ease of Settling In, ranking among the top 5 in both indices. While it gets somewhat mixed results in the Expat Essentials Index (22nd) — ex-pats find it easy to find housing but are unhappy with the digitization and local bureaucracy — Bangkok performs worst for both the Quality of Life and Working Abroad.

 The Expat City Ranking is based on the annual Expat Insider survey by InterNations. It is one of the most extensive surveys about living and working abroad, with 11,970 respondents in 2022. A total of  50 cities around the globe are featured this year, offering in-depth information about five areas of ex-pat life: Quality of Life, Ease of Settling In, Working Abroad, Personal Finance, and the new Expat  Essentials Index, which covers digital life, admin topics, housing, and language.  

Expats Enjoy Life without Monetary Concerns

Bangkok ranks 6th out of 50 cities in the Expat City Ranking 2022 and 2nd worldwide in the Personal  Finance Index. Expats are not only happy with the general cost of living (69% vs. 45% globally), but affordability is also a highlight in the Expat Essentials Index (22nd).

Source - Pattaya News

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Cash Will No Longer Be Accepted for Tax Payments in #Laos

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According to the Minister of Finance, Mr Somdy Douangdy, several new systems have been installed to ensure tax payments can be processed through banking systems and digital technologies, allowing government tax officers to relinquish receiving tax payments in cash directly from taxpayers.

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Addressing questions raised by people’s representatives, Mr Somdy gave a briefing on the methods and measures in managing revenue collection, that have been devised and implemented by the ministry to prevent revenue leakage and maintain that applicable regulations are obeyed.

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As of 2016, the Ministry of Finance has developed custom and tax payment instruments to ensure entrepreneurs can pay customs and taxes conveniently. 

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These include Smart tax, Smart VAT, which can be used to settle tax payment when passing border checkpoints, and other bank-based tax payment systems.

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The ministry is currently working on expanding several technologies to make it more convenient to pay taxes and fees through ATMs and smartphones, preventing tax officers from directly receiving taxes in cash.

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The ministry is increasing revenue sources,  suggesting entrepreneurs to inspect bookkeeping, installing tax devices, promoting cash registration at hotels, restaurants, shopping centers, and establishing a revenue management database.

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These revenue source expansion endeavors are funded with a soft loan from the Republic of Korea and will take around two years to complete.

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source - Laotiontimes