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Neeranam

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Everything posted by Neeranam

  1. It's my house 🙂 But yes, the Thai RD would have no idea my mother gave it to me years before.
  2. So the new tax order doesn't differentiate between Thais and foreigners. Strange there are no Thais on any forums/social media worried about it, except one I saw where someone picking fruit outside Thailand for more than 180 days was concerned. I wonder why Thais are not worried and tax accountants etc are not offering their services?
  3. My mother put her house in my name 10 years ago. If she dies before me and I sell 'my' house, will this be taxable?
  4. Banks are diligent about monitoring and reporting large, unusual, or suspicious transactions to help prevent money laundering. This is under 2 million baht so they are under no obligation to give this information to the RD.
  5. Interesting - a gift granted to a lawful spouse is exempt from Thai personal income tax up to Baht 20 Million per one calendar year, insofar as the gift is duly granted. A lawful spouse may remit such gift to Thailand tax free up to Baht 20 Million per one calendar year. Second, a gift granted to a girlfriend (i.e. a domestic partner, a common law wife or a quasi-spouse without a marriage registration) is exempt from Thai personal income tax up to Baht 10 Million per one calendar year, insofar as the gift is duly granted. The Revenue Department recognizes that a couple may choose not to register a marriage these days. In one recent revenue ruling, the department held that the money given by a foreign unregistered husband to a Thai unregistered wife to spend in household expenses is exempt from personal income tax up to Baht 10 Million per one calendar year. The revenue ruling clarifies that a couple must live together in accordance with the conditions laid down in the Notification Re Criteria for a Couple Living Together Without Registering for Marriage Who Shall Be Deemed (Quasi/Unregistered) Spouses of the National Anti-Corruption Commission. https://www.linkedin.com/pulse/guide-personal-income-tax-foreign-sourced-narit-direkwattanachai-ehdxc/
  6. That guy is a charlatan, and spreading misinformation for his own personal gain.
  7. In addition to the 2 million baht exemption, there is also a 4 million baht threshold related to the remittance of funds into Thailand. For amounts exceeding 2 million baht but less than 4 million baht, the remitted income still benefits from a reduced tax treatment (for example, some exemption or lower tax rate depending on the type of income). However, if remittances exceed 4 million baht in a year, this will be subject to closer scrutiny, and depending on the nature of the funds and your tax residency status, you might be required to pay tax on the income that exceeds this limit.
  8. Not true. The bank MAY report your account details to the Thai Revenue Department, for example if you're a tax resident in a CRS-participating country(Outside Thailand). There are also other limits like remitting more than 2 million I think every year.
  9. The RD didn't know they existed a they never asked for a Thai TIN. They still don't know they exist.
  10. I don't think so. From my research - CRS reporting applies if you: Hold a bank account in Thailand but are a tax resident in another CRS-participating country (UK, US, EU countries). Have a foreign tax residency declared on your Thai bank account. Meet financial thresholds for reporting (varies by bank and account type). However, if you are a Thai tax resident and your foreign account is in Thailand, it is not automatically reported abroad under CRS—unless Thailand has an exchange agreement with another country regarding your tax status. What Does This Mean for You? If you earn income from a UK company but are a Thai tax resident, your Thai account may not be automatically reported under CRS. If you are also a UK tax resident or declare UK tax residency to a Thai bank, your Thai financial accounts may be reported to UK tax authorities.
  11. Now this is an issue that puzzles me. Did you wait a year before remitting your pension in previous years? I've had countless retired foreigners asking me if they should get a tax ID and I ask them if they were only remitting monies earned in the previous year, none of them were. How many people here were waiting a year before remitting their pensions due to the loophole? I suspect few, yet all of a sudden it is the main topic on internet forums! The ONLY thing that has changed is scrapping that waiting a year before remitting, so if you weren't doing it before, don't start doing it as obviously you don't understand what's the new order is all about. It's going after huge companies that were saving millions of baht in tax by using this loophole. If you were previously waiting a year before remitting your pension, speak up.
  12. So Order Di. Por. No. 161/2023 is an Administrative order and not a law. I'm confused. I'm Thai and this new order certainly affects me, but why are foreigners so worried about it? If they were't filing taxes before, why do it now because of this order? Seems that the RD haven't got a clue what they are doing but in order not to lose face are having meetings with foreigners and putting English stuff on their info sites, purely because of all the fools going to the tax office, freaking about they might be deported and asking if they can pay tax. I think it is paranoia about being refused a visa or maybe it is similar to the ones who jump hoops to get a useless pink non-Thai ID card that migrant workers have. Why do foreigners want to be part of the system if not required by law??? https://mahanakornpartners.com/the-revenue-department-closes-loopholes-tightening-tax-collection-on-foreign-income/?utm_source=chatgpt.com
  13. Do any of the posters here have a link to any law stating that retired pensioners need to get a TIN and file tax returns?
  14. Agree. Why have the courts not intervened? Defendants have legal representation to challenge any unfair charges.
  15. Your post contradicts itself and misunderstands the role of the judiciary. If Starmer’s comments really influenced sentencing, that would indicate a failure of judicial independence, not a success. The strongest sentences come from fair trials and due process, not political grandstanding.
  16. Rioters are often right-wing. I can think of many examples of right-wing violence— the US Capitol, neo-Nazi groups, or football hooligans. As former police officer you will know well about political scapegoating, being blamed for government failures or being forced to enforce politically motivated laws. If Starmer had genuinely perverted the course of justice, where is the legal challenge? You say pretrial publicity can't compromise a trial because the killer was caught red-handed with forensic evidence. You obviously misunderstand the principle of fair trial. In democratic legal systems, guilt must be determined by due process, not public opinion. Prejudicial media coverage influences juries, there is a risk that a trial will be deemed unfair. High-profile cases in the UK have been compromised by media coverage, leading to retrials or even case dismissals. That’s why legal safeguards exist—to ensure justice is based on evidence, not a media frenzy. Remember the Levi Bellfield case, where the trial almost collapsed due to media involvement. This was a landmark example of why media coverage must be controlled to avoid prejudicing a jury. As a police officer, you served the State, not the Law. Have you ever enforced policies set by politicians? If so, you will have cracked down harder on certain groups while being more lenient toward others, depending on the political policy.
  17. You say you're not being disrespectful but immediately attempt to discredit the poster you're replying to by labelling them as an “online Guardian reader” and “BBC watcher.” This is an ad hominem attack and not a substantive argument. Where he gets their news from is irrelevant to the facts at hand.
  18. I think he's British. Racist post if he is.
  19. I assume the members of the public were all women, in that they didn't try to stop a woman being raped. Even then....
  20. 450,000 baht for each person you are with. It would save problems, a family of five could take in 2.25 million baht or 3.35 million baht if it's in USD.
  21. I'm not retired yet but I suppose if challenged, yes... They are highly unlikely to investigate people with low incomes/gifts for education etc. and see that they are getting from the same person.
  22. Show some respect and call him President, after all you Democratically voted him into power. Do you believe in Democracy?
  23. If one gets a pension of $4,000 a month for example and sends gifts of $500 to wife, 3 kids, and $500 salary to maid, driver and 2 gardeners' bank accounts, does one need to file a tax return?
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