topt

Now you are being silly.

What I am curious about is how the Thai RD is actually going to change their processes to supposedly "catch" all the literally hundreds (if not thousands) of expats who should probably have been filing a tax return for god knows how many years already....... If filing is based on an "honour" system perhaps they won't pro-actively do anything........ Considering the rule change was supposedly initially to close the loophole for Thai's it is going to be interesting to see how many foreigners who don't file actually get approached after the end of the first quarter next year.

For UK knock yourself out - https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/ For Thailand - I don't actually know of any specific "digital" banks........

No he wasn't saying. How many different ways do you want it parsed...... Your interpretation is correct although, as already stated, you may have to prove it is savings/income from pre 1/01/24

Do you mean they only accept Thai customers for FCD accounts - as I have a baht fixed deposit account with them for many years? That is a very good rate for USD though

Unusual colour combo with the pink wing mirrors...........

Disagree.

Not sure it is. There are people in both camps. At the moment I would imagine most offices no. (just my personal opinion) However next filing start is not until 1/01/25 so may have to wait a while to see if anything really shakes out......

Scaremongering and factually wrong.......... They changed the interpretation of one directive in the tax code and the main reason was to stop Thais not having to pay tax on income from abroad by remitting them the following calendar year. But hey you knew that didn't you.........

If I understand correctly you have a LTR? If so I don't see any reason why you need bother unless they change the guidance.......

I answered you. Up to you what you do with it. Quake answered you but again your choice whether to agree with his answer. Klonko same same. How many answers do you want.........

Not in my specific instance and I doubt HMRC would pay any attention to a filing alone if you were looking to offset against the DTA........

This has been discussed ad nauseam in various threads. If you fully believe you don't owe anything then up to you if you file. If you don't file and they come knocking (highly unlikely in your supposed case) and you don't owe anything then no foul so no fine. The reverse of course may apply.

My understanding is that they are definitely exempt from paying so if they do not file there can be no penalty as they owe nothing. Not sure why you think it is an outstanding question?

2 people in house with small garden and plants which the gf waters maximum 250 baht per month and more often only 150 baht.

Major banks here offer Foreign Currency Deposit Accounts and generally those 2 currencies are offered. However you need to be clear on the costs. Just do your research online before you go and ask in a branch - and often only the bigger branches in a location will be able to do. https://www.bangkokbank.com/-/media/files/personal/other-services/branch-services/international-branches/fcd_expat.pdf?la=en&hash=1B0B689C0A49EEFBB89232262CF1DAF23FC55920

You need to find a way of recording that fact from account statements dated prior to 1/01/24. Could be just screen shots or similar I guess. Unfortunately no-one knows and RD have not issued any guidance on what they may specifically want to see. It is all conjecture at this point. However if you believe it is non-assessable and you have no other tax to pay then you could consider not completing a tax return but be prepared to show your "proof" if ever asked. Your issue may then only be if you comingled that account with income subsequently.

I have been doing paper returns for quite a few years but following a recent thread I think I will be filing online this year using commercial software - probably Andica. https://www.gov.uk/government/publications/self-assessment-commercial-software-suppliers/self-assessment-online-commercial-software-suppliers With the increased mail prices it is almost as cheap as posting. Many of the other offerings on that link are however more expensive.

If so why hasn't the AN holiday calendar been updated.......it has been added on the link shown but not there @george ?

Pattaya Sports Club membership offers discounts at some establishments - https://pattayasports.org/members-discounts/ But not a book of coupons

Care to reference where the 7% comes from? Also the tax rates are progressive so you don't pay a flat rate depending on amount. So on @KhunLA 's 6m after allowances etc his average tax rate may have only been say 22%

Got any examples of that.............other then where some expats have gone and volunteered.........

Respectfully Mike you seem to reversed your opinion on this back to your original view. I queried this with you when appeared to revise your view a month or 2 ago and I think you said you could see no reason it would be different as income was income even for a property purchase (I can't remember the exact phraseology but I hope you know what I mean). I tended to agree with you. We had both originally been of the opinion that with Srettha's background it would be surprising if there was not some measure to mitigate the potential impact. Nothing has thus far been forthcoming from the government or RD yet you now appear to believe it will happen at some point? If you take @Dogmatix 's view on focusing on LTR holders then they won't of course need to do anything.......

You may be unlucky and some may start Friday 12th but as @dddave said more likely to be Saturday 13th - all it takes is one though to be caught out. The only certain thing is that it will finish late on the 19th in Pattaya.

Yes I know about the DLT app but as mentioned my bank app stays at home.