KhunHeineken
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Everything posted by KhunHeineken
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That's the pot calling the kettle black. YOU are the most prolific poster on ALL of these tax threads. Even on this thread you are leading with 16 posts? You are in the Top 4 posters in the majority of the tax threads. Talk about hypocritical. Jeeze dude, if you are going to make an allegation, at least check your facts first, then again, I've found most of your posts to be just as inaccurate.
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Run the "Fing" app. It's a great app on the play store. It shows you every device attached to your network. If you see a device/s unknown to yourself, change you WiFi password.
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world wide income taxation update
KhunHeineken replied to Presnock's topic in Jobs, Economy, Banking, Business, Investments
There's going to be chaos. If it goes down the path of needing a document at extension time, we might get reports that a certain office is just handing them out for cheap, and other offices are causing expats some grief. Expats may go TRD Office "shopping" or, particular officers give so much grief, on purpose, it pushes expats onto agents. I wonder if an expat can go to any TRD office, or they will say you have to go to your nearest office as per your TM30. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Wow. How out of touch are you? You already do, they are called "E-Tags" and you stick them on your windscreen. Dated just yesterday. https://www.drive.com.au/news/sydney-drivers-paying-upwards-of-10000-a-year-on-tolls/ "According to figures released by the state’s E-Toll provider, 901 motorists paid between $10,000 and $20,000 in the last financial year to end of June, with around a dozen spending upwards of $30,000. And that doesn’t even include businesses who use more than three tags or private account holders. "E-Toll users are spending $2.5 billion a year to drive on NSW toll roads – all of which are in the Sydney area – with the big-spending motorists mostly from the city's west. The above is just from NSW, not nation wide. Nice earner. I worked hard all my life, so did my ex-wife, and we made some good investments. Our divorce was amicable. It allowed me to retire earlier than most. I have assets over the threshold to claim an aged pension. To clarify, the tax I am avoiding is the same tax pensioners are avoiding, and that is, non resident tax. I am still paying tax in Australia. Remember, the pension is deemed an income, the pension is taxable, expats living in Thailand are obviously non residents of Australia for tax purposes, and the tax bracket for a non resident is 30% from $0. Oh, the irony. However, the proposed changes from "domiciled" to a time based and physical presence residency model will see all Aussie expats deriving an income, which is also a pension, up for non resident tax. Talk about shoot yourself in the foot. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
So, a member has said you just need to be in Australia at the time of becoming eligible, and you say that's not the case, which I suspected. If one has been away for 20 years, how long before their eligible date for application should they return to Australia? -
Yes. "Something" will need to be paid. What we don't know, is how they will be calculating, how they will be collecting, how much will need to be paid, and the punishment for non compliance. More will be revealed early 2025. What we do know for 100% is, if you are inside Thailand for less than 180 days per calendar year, this policy does not apply to you, and you have ZERO tax liability as you are a non resident of Thailand for tax purposes. For some, they may not only give them peace of mind, but also be financially beneficial.
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Thai Benefits vs Taxation.
KhunHeineken replied to chiang mai's topic in Jobs, Economy, Banking, Business, Investments
I agree, and would also add, a reasonable pathway to permanent residency. As it stands now, they want to tax foreigners, whilst still giving them no rights. -
Aussie Savings Account Interest
KhunHeineken replied to Pattaya57's topic in Australia & Oceania Topics and Events
That was not my experience. Citibank was great. As another member said, NAB just wanted to treat Citibank customers in the same way they treat their own customers, like cr*p. I closed the migrated NAB account. I was disappointed when Diners Club pulled out of Australia also. -
Claiming your trip as a tax deduction
KhunHeineken replied to georgegeorgia's topic in Australia & Oceania Topics and Events
Can you post a couple of links to international "cleaning conferences" that you can attend? Are you a cleaning contractor, with your own business and ABN, or work for wages? If you have your own business, you could perhaps claim international travel to a trade show selling new cleaning equipment. -
Could someone be leaching off your internet between these times? Is it a closed network?
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Firstly, the safest person in this tax mess is the person staying less than 180 days, but sure, the 65k every month pensioner means a tax liability, and all the bureaucracy that goes with it. As another member hinted at, if some of that 65k is now taxed, they may raise the 65k to 70k. Not scaremongering, just a possibility. You are correct though. They will love these guys for their about 20k in tax every year, which they can't argue against. Easy targets. Money just sitting there for the take. What about if these guys decide to pay and agent, and with what's leave out of would would have been their tax bill they have a short holiday in a neighboring country, at the TRD's expense, possibly bringing in some cash. Could you blame them?
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I wouldn't be pushing the boundary that hard. I'll bring in close to the threshold, actually, probably a little over, just to be seen to be on their books and paying something, but minimal. The rest will be brought in, through various forms, and I'll let them search for it and bill me for it, if they can, and do.
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That's been most of us, hasn't it? The way I see it is, as it currently stands, by the letter of the law, and I know most don't even want to consider it, the only sure way to hold all the aces, so to speak, is to only do 179 days in Thailand in a calendar year. Do this, and you have zero to be concerned about.
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Very true. All will be revealed in 2025, and I dare say, in following years, they will close the loopholes that they discover many have been using. Basically, this policy could evolve to tighten up. I expect these tax threads to keep evolving in the same way. What's allowed in 2025, may not be allowed in 2026, and what's allowed in 2026, may not be allowed in 2027. Times are changing. Computer data bases are now talking to each other, not just domestically, but internationally. It was inevitable, and Thailand has now got onboard.
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Who will ask this question, when, and where, and what enforcement may follow? Not saying it can not / will not happen, because as I have said, it's going to be funny in 2025 with all these foreigners having 800k in the bank, but nothing else appearing to be flowing through their bank account. Just interested in how you think the Thai authorities will go about it.
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I disagree. There have been many companies and wealthy individuals that have taken on tax departments in Court and won their case. It happens all around the world, with many end up being test cases for those to follow. They scare those without the financial ability to take them on in Court, but many companies and wealthy people have had judgements in their favor at Court, and the tax payer has had to pick up the legal tab for the public servant's incompetence, because the loser pays. I'm Australian, and at one point in time, this guy was Australia's richest man. When the government found out he paid little to no tax one year, it hit the media. He sums it up perfectly, and expats in Thailand should be thinking the same way, particularly as we have no rights here.
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Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
We know this, but what about re-establishing residency before applying? As I asked in another post, is it really that easy to fly back into Australia before your birthday, after 20 years away, apply, receive, and fly out again with portability. If so, I would be somewhat surprised, but hey, Australia has an easy welfare system.