KhunHeineken
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A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
Australia has already proposed similar changes. Only a matter of time before they are passed into legislation. Australia's current tax residency laws are 90 years old, and no longer fit for purpose. They will be changed to a physical presence and time based model, similar to Thailand, and many other countries. -
You still don't get it. You are looking at it like it should be / will be an efficient and accurate tax system. As I have said before, maybe all it will be is some BS money grab for a document that is a flat fee to obtain for most of us. For high net worth individuals, they may actually apply the law and audit them. It MAY be required for the annual extension, so we will all have to pay "something" for it. Basically, it's possible we will all have to pay "something" and "something" may just be a "fee" like for the Certificate of Residence that is free, but most pay 300 baht for. Not much "software engineering" involved for this money earner.
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Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Did you tell the call center staff if you were on an aged pension, or a vet's pension. You have posted on this forum you are on both, and we all know you can't be. Probably why she hung up on you. -
Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Interesting. That's around a 2.5% increase. Last I heard, the CPI in Australia was around 3.6% or 3.8%. That would mean pensioners in Australia are slipping backwards. -
A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
How did you manage to read my post if I am on your ignore list? -
A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
Sure, but under the "domicile of choice" couldn't tax authorities in the UK argue that by buying a condo in Thailand, being in a relationship with a Thai national, owning a vehicle in Thailand, having Thai bank accounts, a long term Thai visa, utility bills, community ties etc etc, and not having returned to the UK for several years, that person can be "deemed" a non-dom are in fact domiciled in Thailand? Serious question. -
A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
I am Australian, not British, so I have no experience in UK tax law, and couldn't care less. A member suggested I research, so I done a quick Google. The links and quotes are from the front page of a Google search. See the words, "It may have changed if you moved abroad and you don't intend to return?" Does this not describe most retired UK expats? How many retired Brits have lived in Thailand for more than 6 years? https://www.brooksonone.co.uk/knowledge-centre/limited-company/personal-tax/self-assessment/working-overseas/ Working out your domicile Your domicile’s usually the country your father considered his permanent home when you were born. It may have changed if you moved abroad and you don’t intend to return. https://www.gov.uk/guidance/deemed-domicile-rules Domicile status Losing deemed domicile status You can lose deemed domiciled status under Condition B, if you leave the UK and there are at least 6 tax years as a non UK resident in the 20 tax years before the relevant tax year. If you acquire a domicile of choice outside of the UK If you were born in the UK and have a UK domicile of origin at birth, you can acquire a domicile of choice outside the UK under common law, if you’ve resided in another country or law territory with the intention of staying there permanently. -
A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
Another one from the first page of a Google search. It uses the term "non-dom." Never heard that one before. Article dated 9th July 2024. https://www.bbc.com/news/business-32216346 "Non-dom" describes a UK resident whose permanent home - or domicile - for tax purposes is outside the UK. It refers to a person's tax status, and has nothing to do with their nationality, citizenship or resident status - although it can be affected by these factors." This next criteria would categorize a high percentage of UK expats in Thailand - "Domicile of choice - if you are over 16 and choose to leave the UK and live indefinitely in another country" -
A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
I Googled it and the below link appeared at the top of the first page. Seems pretty clear to me. If you are a Brit living in Thailand, you are "domiciled" in Thailand. What argument could you make to tax authorities in the UK that you are "domiciled" in the UK, despite not returning to the UK in years? https://www.litrg.org.uk/international/residence-and-domicile/domicile "You will generally be domiciled in the country where you consider your ‘roots’ are, or the country which you consider is your long-term, permanent home. Domicile is not the same as nationality, citizenship or residence." -
A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
I'm interested in the words " tax years immediately before the relevant tax year." So, you are saying, an expat living in Thailand, who hasn't been back to the UK for years, is still "domiciled" in the UK. -
If they make a TRD document a requirement for the annual extension, no need to "chase" anyone. It would bring the foreigners to the TRD. They will line up to be milked, but hey, there's no way the Thai authorities would have ever have thought of this idea. It's all speculation, scaremongering, fake news, my opinion etc etc.
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Yes, that's it, but maybe next year you will need one more document, that document being from the TRD. I know, I know, rocket science. You can expect whatever you want, but TIT. What have those accounts got to do with remitted funds to Thailand? You are confusing remitted funds with world wide income. And your point is? In one post you are saying the Thai's couldn't organize a p*ss up in as brewery, therefore, there's no way they will be collecting taxes in 2025, and in this post you say you don't remit much money so will have little to no tax to pay. What's happened to them not having the ability to collect any tax at all? Again, your point is???? Do you have a link for this? Computer data bases will group all residents for tax purposes together. Obviously, the immigration data base will be the first, showing someone has been inside Thailand for more than 180 days in a calendar year. I accept some high net worth individuals may be selected for greater scrutiny, but a tax resident is a tax resident, and once over the threshold, there's a quid in it for Thailand, and I can't see them walking away from that money. As I have posted in the past, the tax clearance certificate that MAY be needed for an annual extension next year might be like the Certificate of Residence. It should be free, but most pay 300 baht for it. Maybe the TRD document will be a flat 500 or 1000 baht fee, no other checks made. Just a new earner, and the money goes all the way to the top. Who knows what will happen next year, but I just can't see it all disappearing.
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Can you clarify who, exactly, you think is right, and who is wrong, and about what? Below is Andrew Rigney's basic CV. He appears to be well qualified and experienced. https://www.rbwca.com.au Andrew C Rigney B Com, Dip Law (LPAB) FCA Andrew joined the firm in 1998 while conducting his undergraduate studies at Macquarie University and became a partner in 2008. He is a tax and corporate business advisor across small/medium businesses, international subsidiaries and high net worth family groups. Andrew provides advice in all areas of taxation, structuring, asset protection and succession. Andrew’s client base covers a wide range of industries including medical, construction, professional services, the legal profession and the not-for-profit sector. Andrew holds a Bachelor in Commerce (Accounting) from Macquarie University and a Diploma of Law through the Legal Professions Admissions Board (formerly SAB). He was admitted as a Chartered Accountant in 2003 and advanced to fellowship in 2015. Here's Carl Turner. https://www.expattaxthailand.com MEET CARL TURNER Carl Turner is the co-founder of Expat Tax Thailand. With his extensive background in international personal finance, Carl is dedicated to offering clear, transparent, and tailored tax guidance. Motivated by a desire to simplify tax matters, Carl leads a team of TFAC-registered qualified accountants and dedicated customer support specialists committed to ensuring our clients receive personalised service that makes navigating Thailand’s tax regulations straightforward and stress-free. Can you post your qualifications and experience so your "opinions" can be assessed for accuracy? Could it be because, maybe, just maybe, they will actually have to pay tax in Thailand, thus, now need professional advice? I think you should watch it and read it again. No exemption for aged pensions. Some government occupational pensions are exempt, but not the aged pension. Remember, Article 18 relies on the provisions of Article 19, and Article 19 sets out government occupational pensions, not the aged pension. I've never accused you of lying, but I didn't see the screenshot. Can you post it again please? Sure. Go back in January 2024 and your answer MAY be different. "TIT" right? Yes, but they are YOUR "views" and "opinions." Can you post links, quotes, youtube videos etc from professionals that back up your views and opinions? Do you think your views and opinions hold as much weight as the many professionals that have been quoted on the topic by many members of this forum?
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A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
I'm Australian, not British. In relation to tax residency, where one is "domiciled" has nothing to do with citizenship, but has to do with where one has a "home" including utility bills, club memberships, community ties etc etc. I would find it hard to believe a Brit could say they are "domiciled" in the UK, just because they have a British passport, but haven't been back to the UK for several years, but hey, it's your story, do tell. -
Weren't you the one that said Thailand would NEVER legalize cannabis? No, but incarceration protects the community. It just cost money. Money that state governments are not prepared to spend. A lot of cheap "black" labor in privatized prisons. That's what they have achieved. Correct. However, it's not politically correct to be seen to be legalizing drugs, despite alcohol and tobacco killing more citizens than all illicit drugs combined. Correct, but insurance companies and other industries don't like this. They lose money, so they "donate" and "lobby" governments to keep the status quo. Kieth Richards from The Rolling Stones s a prime example. Australia, and I am sure many other countries, rely on the tax revenue from these legal drugs, despite both drugs killing a lot of people. Not to mention, the anti-social behavior alcohol causes. Funny how governments can "spin" the truth when company interests and tax revenue is involved.
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It's all relative. City kids have more money, so the class of drugs they are involved with is different for them. The drugs ARE the "amusement" and it's not based on geographic location.
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Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
Watch between 16 minutes and 20 minutes. The DTA differentiates between government pensions and occupational government pensions. There is no exemption for government pensions, that's Centerlink pensions, in the DTA. Article 18 of the DTA relies on the provisions of Article 19, and Article 19 is about occupational government pensions. So, do these guys put "it to rest" or does the Pattaya Mail put "it to rest?" -
That's a sound financial move, buying a property in Ratchaburi Thailand, but living in Australia.
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You say this, but in many cases the physical presence and time based tax residency model repeals the domiciled tax residency model, but I hear what you are saying. Basically, we all need to accept that global taxation is changing, and in the near future there will be nowhere for anyone, or their money, to hide.