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stat

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Everything posted by stat

  1. Sorry my bad DBA=DTA while DBA is the German abbreviation. According to German Thai DTA and several sources ONLY Germany has the right to tax rental income if real estate is in Germany. TH could only decrease your allowance or raise the tax rate to a higher level. I assume UK TH DTA is the same.
  2. Thanks for your post! Please post the official statement that you are referring to, I am not saying you are wrong but I remember (maybe wrongly) that TRD stated once taxed it will not be taxed again. Anyway I am not an expert nor do I take an interest in already taxed income being taxed again in TH. All the DBAs I know of tax rental income only in the country of the property. I will only have untaxed income in forms of cap gains.
  3. Thanks for your post! One specific member of this forum (who cannot be named) can help you and explain all documents. He is claiming again and again that all is very easy and everything will be well in the future *sarcasm off*
  4. Thailand stated explicitly that once income is taxed somewhere else it will not be taxed again in TH.
  5. It is even simpler then that because your UK rental income is just taxable in the UK. Apparently you did not look it up in the DBA...
  6. Calculation of capital gains across different jurisdictions, getting the reduced rate on a withholding tax on a dividend, sending a declaration from a german Bank to Russia for proof that I am a tax resident of Germany with all necesary documentation from a credited translator including Apostilles etc. Only the last part takes about 3 complete working days with 8 hours each in total. For a small glimpse of what you could be dealing in just getting your documents right: https://www.hcch.net/de/instruments/conventions/specialised-sections/apostille I strongly believe there will be not much trouble with US and UK pensions agreed. For all other monies and other nations pensions there will be big problems starting with a language barrier, if this tax directive comes to pass. What do you think will happen if one show up with a German, swedish, french tax document and you want to claim a tax credit?
  7. Again you are not answering the question I asked you. How many DTAs issues did you work with on a worldwide scale, I suspect zero. You should be well aware that up to know no DTAs for PIT were needed in TH still you ask me about exactly that. If it is difficult in highly sophisticated tax jurisdisction who deal with it in the millions what do you think will happen in TH who is not prepared at all? If you do not know anything as you stipulated why do you think there is nothing to fear? It should be exactly the opposite, if you do not know much about a subject better be well prepared and fear the worst. However we do know a lot about thai officialdom which is very strict and demands everything being documented with 3 copies notarized etc. Again I asked what differentiates your opinion from others who you belittle as just mere opinions? You are simply not answering questions so that people can judge on which experience your opinion is exactly based.
  8. I myself have invoked several dta and can tell you from experience it is very difficult. You call it fearmongering? How many DTA issues have you dealt with in the past? There are tons of reports about DTA usuage from the big 4 again you do not care: https://kpmg.com/xx/en/home/insights/2023/01/withholding-tax-relief-and-refund-procedures.html Even in highly tax wise sophisticated systems in Europe (inner EU even) it gets complicated and take years. Are you seriously suggesting TH is better equipped (IT, tax experts, multi language ability) then Germany, UK, Italy etc to handle DTA claims? BTW: Why do you call every post here just an opinion? What differentiates your post from being just an opinion?
  9. I agree with your post! This is why I am still hoping that more people will ask BOI if the visa provides for a PIT shelter in the case of unremitted income. This shows them that a lot of peolpe wait for an answer and it shows that a lot of people will maybe not go ahead in applying or stay a tax resident in TH if remitted income is taxed with a high income tax rate .
  10. Nothing argumentative about pointing out that your statement is wrong: "A remittance is considered to be whatever the taxpayer says it is," Where is your prove that a taxpayer can simply declare this or that it not a remittance? We can then all declare we never made a remittance and everything is jolly good. You still stand by your argument? I can very well remember where in several posts you claimed that an ATM withdrawal is a remittance.
  11. Brokers provide some information but you have to tailor it to your jurisdiction, Mike Teavee provided some examples of transactions where calculation can become very tricky or next to impossibe as you can have contradicting rules and loads of grey areas+ no longer any documentation.
  12. Your broker cannot calculate cap gains for you with the sole exception of you being a tax resident in the SAME country as your broker. Every country has different regulations on how to calculate your cap gains, dividends etc. How should your OK broker know that you cannot offset any losses with TRD for example...
  13. Dead wrong there is no gurantee of the above.
  14. I agree to most of your statements but maybe TRD says screw em and tries to tax all income unless you provide a bank book statement in the format of Thai cabinet decision xyz signed by 3 bank board members notarized by the pope. Remember the rules about thai bank books for immigraton that have a shelf life of some days only before they are no longer acceptable? If I understand correctly they can go back several years for audits as well... Godspeed everyone!
  15. The "funny" part of the 31. Match deadline is that western bank usually take up to April or Mai to provide all the papers needed to calculate the cap gains, dividends which are needed to calculate Thai PIT on your remittance or perhaps on ww income in 2025. And then you need to calculate the whole profit over several accounts, jurisdictions etc so minimum another month or up to 3 months with an accountant.
  16. Nope you also need a R.O. 21 (proof of income payment), yellow book etc. I have contacted 5 different law firms and they also said the same you must have paid income tax or withholding tax on your Thai bank account. BTW the TRD site states the same.
  17. Good post! Germany is not ensnaring you, you can leave without a new tax residency. But correct Germany is a hellhole tax wise and beautiful otherwise IMHO. You are right there are some countries who only let you "out" if their tax residency if you prove a new tax residency but there are only a few currently.
  18. Tax residency certificate is needed when you want to claim a DTA treatment "better withholding tax rate for example" in some situations. If you move to TH your bank asks you state tax residency TH. However you will only be tax resident after 179 days and beforehand you have moved on so you never had a tax residency.
  19. What makes you think that any country where you spend some month is "allowed" to claim you as a tax resident? Every country has its own law of when you become a tax resident. If you do not fall under it then this country cannot claim you a tax resident, period. Perfectly viable and legal. Never ever does a country claim you a tax resident when you just bank in the country, no offense but pls do not make several assumptions when you have not at least spend some time on the subject. NB: Paying witholding tax on a TH bank account has little to do with being a tax resident
  20. Most banks back off if you explain to them that so far TH did not enforce a TIN on you if you did not have a working permit. The country to which a crs report is send is determinded by your "tax residence" at the end of the year. However TH and many other countries demand 180 days plus for a tax residence while for the bank a legal residence is considered a "tax residence".
  21. So come again what is wrong with the statement. The statement is correct. Who do you think you are asking other forum members to go away?
  22. We see eye to eye on this! It all depends on your ratio of pension to capital gains. Nomad lifestyle was not part of the equation in the past as it was not needed (but could be in the future for TH at least). Loads of people I know cashed out their 20 year cap gains while staying in Thailand for 2 years. For those people the difference could be several millions USD of tax payments.
  23. Not a problem so far, you provide your thai tax ID and they send the crs report to TH. So far not even a thai tax ID is needed as TH did not force a tax id on you. TRD is not bothered as you are below 180 days. Otherwise you could get a compliance residence in Malta where you would need to stay 90 days. So far no problems.
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