KhunHeineken

That goes to the tie breaker in a DTA. https://www.ato.gov.au/about-ato/international-tax-agreements/in-detail/what-are-tax-treaties "Your residency status determines the jurisdiction in which you pay income tax and how much tax you are liable to pay. Most tax treaties include a 'tie-breaker' test under which a dual resident is deemed to be a resident solely of one of the two jurisdictions for the purposes of taxation." I agree. It's like the use of the word "may" in legislation. May does not mean "will" or "can" or "can not" etc. That one small word "may" can and has effected big cases in the past. All true. As I said in the other thread, the current residency tax laws are 90 years old. There's so many loopholes in them that they are no longer fit for purpose. I have no doubt the proposed changes will be passed by government in the not so distant future. The current DTA with Thailand is 35 years old. The government has stated they are updating all DTA's with countries. The DTA with Thailand will change in the future also. Then, you can see how quick Thailand moved on taxing remitted funds by foreigners. Where were all the comments about how "the Thai government would never do that" and expat pensioners would be up in arms" and "Thailand is only looking to tax guys like Paul Hogan." As Thailand has done, so will Australia. You'll read the news one day that legislation has changed and it will most likely have a financial impact on expats, including pensioners. Change is inevitable.

All fair points, but China has been stockpiling a lot. Probably not for a war, but so they can turn off the tap for a while and watch us beg for them to come back to the table. Either that, or they sell our own raw product back to us at double what they paid for it, because it will cost triple in Australia. During the GFC China basically stopped Australia going into a deep recession, but they beat us down to the absolute rock bottom price on everything. Many companies are now looking for an alternative to China, mainly due to China's theft of intellectual property. India is doing ok out of this, so is Vietnam. It goes back to that very basic example that we send them a few tons of iron ore and they send it back as a car. Who made the most money out of the deal? Look at gas in Australia at the moment. Other countries are willing to pay a lot more than Aussies for it, so the companies sent it overseas which caused more demand in Australia and shortages, so the price went up. Twenty years ago Australia had some of the cheapest electricity in the world, and now we are one of the most expensive, yet we have so much mineral wealth. The states have privatized just about everything. There's nothing much left to sell off.

I didn't get past your block. You didn't block me in the first place. Just admit it. You enjoy reading my posts.

You don't even know what type of plan your Super is in. :) You asked about interest earned on your withdrawals and I answered. 32.5% as a non resident for tax purposes

More inaccurate information from you. Firstly, you don't have to go to a Centerlink office. https://www.servicesaustralia.gov.au/enrolling-medicare-if-youre-australian-citizen?context=60092#:~:text=If you move back to,to visit a service centre. "If you move back to Australia after more than 5 years overseas, you can re-enrol in Medicare. You don’t need to visit a service centre." Secondly, it's not so quick and easy to re-enrol. https://www.servicesaustralia.gov.au/enrolling-medicare-if-youre-australian-citizen?context=60092 What you need to provide To re-enrol in Medicare you’ll need to give us both: a current passport for each person 2 documents that prove your family live in Australia dated within the last 6 months. Proving you now live in Australia You can prove you live in Australia by giving us either: 2 documents from Australia one document from Australia and one from where you last lived. Documents from Australia Documents from the other country Proof of rental or lease agreement and gas or electricity account in the same name Proof you sold your property Proof of purchase of property and gas or electricity account in the same name Proof you ended your lease Proof of your employment Proof you ended your employment Proof your child is enrolled in childcare, school or university Proof you moved household goods or furniture Proof you have a current bank account in Australia A statement showing you closed your bank account Proof of health, property or contents insurance Proof you cancelled health, property or contents insurance

These are your words. "I have already made a first small withdrawal a year ago and in that time the money has earned interest. I am just wondering if the interest I have accrued after making an initial and further withdrawals is taxable?" Yes, as a non resident, the interest is taxable at 32.5%. As for the income generated by the super fund, keep an eye on the other thread running. It' a complex issue of tax residency, DTA's etc. Tax residency laws in Australia are set to change, as well at the DTA between Australia and Thailand being updated in the future, as well as Thailand looking to tax the remitted funds of foreigners.

No, not being argumentative, merely pointing out Australia has already sold the biggest station in the country to the Chinese, and we don't even manufacture our military's uniforms anymore, China does. So, I ask the question, have we looked after our food production, and can we fund supplying our own military? Imagine for a moment every single item with "Made in China" becoming unavailable in Australia. If you thought punch ups over toilet paper was bad enough during covid, picture China ceasing exports to Australia.

You have said you are a non resident for tax purposes. I gather the amount you withdrew is earning interest in a bank account in Australia. As a non resident for tax purposes, there is no tax free threshold. Here's the non resident tax brackets. You would be up for 32.5% tax on the interest you earned. At a tax rate of 32.5%, you might consider moving the money offshore. Oh, and before you ask, the below tax brackets are not just for guys like Paul Hogan. Foreign resident tax rates 2023–24 Taxable income Tax on this income 0 – $120,000 32.5c for each $1 $120,001 – $180,000 $39,000 plus 37c for each $1 over $120,000 $180,001 and over $61,200 plus 45c for each $1 over $180,000

When, and it's when, not if, Australia passes the proposed changes to tax residency and moves to a physical presence and time based tax residency model, it's possible one could be a tax resident of both Thailand and Australia. Leaving the 45 days part of the proposed changes aside, one could do 183 days inside Australia and fly to Thailand and do 180 days. That would make them a tax resident of both countries, but why would someone on an aged pension want to be a tax resident of Thailand for the sake of staying a few extra days in Australia and living tax free for the year? Of course, none of us want to do 6 months in Australia every year, and the cost of doing so would far outweigh and tax Thailand would try to impose, if, as you say, they can impose it. I certainly agree with you, the matter goes well beyond Jim Quinn and Article 18, despite another member putting all their faith in Jim's comment.

What makes Jim Quinn right, and all the other people in the many links, some of them being ATO staff, and all the people in the youtube clips, wrong? You are only backing Jim because it suits your narrative to do so. You don't give any consideration to the possibility Jim could be inaccurate, or wrong. You refuse to address the provisions of Article 19 which Article 18 relies upon. T & G has brought up an interesting point regarding the legal definition in Article 18 of "resident." Jim says "resident for tax purposes" but Article 18 just says, "resident." Could that be "permanent resident" in which case just about no foreigners in Thailand have Thai permanent residency because Thailand does not offer a reasonable pathway to permanent residency. A retirement visa is not permanent residency. The Thai government says after 180 days you will be a resident for tax purposes, but once again, what type of residency is Article 18 referring to? I said the DTA needed more research, and I keep an open mind. That's still the case. Jim mentions resident for tax purposes, but that's not in Article 18, is it? Article 18 just says "resident." Why type of resident? Permanent resident, or resident for tax purposes. If Article 18 means permanent resident, then Australia, being the source country, gets to tax you, because none of us have Thai permanent residency. In any case, as I said before, the DTA with Thailand will soon be updated and may look different to the DTA of 1989, but T & G does raise a good point.

That's why I don't go into the gogo bars as much as I used to. The talent just isn't on stage like it used to be. Not only are the pretty girls getting their customers online these days, but also doing some live streaming for payment on some platforms in between.

Australia's biggest station was sold to the Chinese years ago. https://www.adelaidenow.com.au/news/cubbie-station-sold-to-chinese-consortium-despite-buy-back-offer-of-250m-from-cubbies-founders/news-story/e9c19f6eb5afd3eaddc6870a28559ded Really? The Australia Army even imports its uniforms from China. https://www.news.com.au/technology/innovation/military/why-australia-is-paying-china-up-to-14m-every-year/news-story/b1aba0519175b00a465b18003110a30e

In a lot of ways, what they are doing to Trump tin America reminds me of what they did to Pauline Hanson in Australia.

Not moaning, just presenting the facts. Was this guy "moaning" back in the day? What's changed since he spoke up, nothing, in fact, it's got worse. "As a government, you are not spending it that well that we should be donating extra."

A part of Australian culture that is becoming unaffordable. https://www.news.com.au/finance/money/costs/unaffordable-luxury-price-of-beer-to-rise/news-story/ba9c90b6fea10e5b36b7e2e88ccae108

Which killed Australia's manufacturing industry. We don't even may a car in Australia now. So called "developing nations" are even making cars, whilst we don't. We will lose more and more manufacturing as time passes, then, there will be hardly any domestic demand for our minerals. We ship over iron ore, and it comes back as a product. Who do you think makes the most money out of that deal? It's to the point where it's getting cheaper to also import food products from abroad, rather than buy the locally grown produce. The question must be asked, and it's for another thread, but how much is the Australian housing market Ponzi scheme responsible for for all of this?

Have you considered that in purchasing a property, that only suits residing in Australia for several years. Anything other than that and you lose money on that property deal, unless zoning changes, or there is a new development go up nearby that raises the value of your property overnight.

For those thinking of taking out their Super in a lump sum, moving it to Thailand, then going cap in hand to Centerlink for the Aged Pension. https://www.expattaxes.com.au/fifo-worker-with-a-foreign-bank-account-ato-know-about-it/#:~:text=This is done via the,office automatically every single year.

You've never required a tourist visa if staying less than 60 days. Visa exempt stamp on arrival for 30 days, then pay 1900 baht to immigration to extend it for another another 30 days. That's 60 days with no tourist visa.

Interesting issue, OP. A lot of the Aussie travel insurance companies state you must be an Australian citizen, and be inside Australia at the time you purchase the policy. So, I suppose you should land in Australia, and straight away buy a domestic travel insurance policy. As for age, check out Southern Cross Travel Insurance. https://www.scti.com.au I just ran a scenario for an online quote from 1/5/24 to 31/5/24 for a 76 year old. $505AUD with good coverage. For your Thai missus, you might have to look at a travel insurance company that caters for backpackers, because they only need medical. Check out World Nomads. https://www.worldnomads.com/au/?_gl=1*1ixuzzi*_gcl_au*MTY0MzU2ODU5MS4xNzEyMzkxODA4 I just ran a quote for a 60 year old Thai for the month of May in Australia and it came to $170AUD for the basic plan. That's very reasonable.

The telco's have kiosks at the airports. They are all pretty much the same. Just get a pre-paid sim. If the queues are too long, Coles, Woolworths, Aldi sell them as well.

No tail between my legs, and I certainly feel no shame. You asked for "the law, the law, the law" and when someone presented Article 18 and Article 19 of the DTA between Australia and Thailand, I asked for your opinion on the "provisions" set out in Article 19 and your response was, and I quote, "forget about Article 19." Yes, that's right, forget about the law, because it now suits yourself to do so. You wanted to see the legislation, you saw the legislation, then you cheery picked from it to suit your narrative, and offered no further discussion on the matter. "Article 18 1. Subject to the provisions of Article 19, pensions and annuities paid to a resident of one of the Contracting States shall be taxable only in that State." The provisions in Article 19 haven't gone away. All you saw was, "shall only be taxable in that Sate" and declared victory over the ATO, and me. All the while, with Thailand implementing the taxing of remitted funds to foreigners inside Thailand. In any case, Australia is in the process of updating all of its DTA's and the DTA with Thailand can't be far off being updated. From memory, they were updating Sweden which was 1983, so with Thailand being 1989, it will be sooner, rather than later. I posted the DTA with Germany, which was updated not so many years ago, as to what we can possibly expect, and note the word "possibly" but you would not even consider a DTA with Thailand may look the same. I have a feeling the updating of DTA's is being timed to correspond with the proposed changes to tax residency. This is just my suspicion. I have no link or evidence. I see another member has offered subject matter worthy of debate, but you also resort to petty abuse because it dare questions your "opinions" and "interpretations" which you have admitted that's all they are, yet do not accept the different opinions and interpretations of others. Time will tell how all this plays out, but in my opinion, you have celebrated a victory too early. I will simply say, times are changes, tax laws are changing, and the ground is shifting beneath the feet of expats. One should keep an open mind, practice due diligence, seek professional advice, and be prepared to make some changes to their finances and possibly their lifestyle. The 90 year old tax residency laws in Australia will change. The 41 year old DTA with Thailand will be updated. Thailand has implemented taxing remitted funds. All of these factors are not just for guys like Paul Hogan.

Interesting argument, but the Thai government has stated that if you you are inside Thailand for 180 days or more, they will deem you to be a "resident" and by law can / will tax world wide remitted income into Thailand. I see what you are getting at with the visa status and domicile, but it appears to me the Thai government is using the word "resident" differently in this case to how it is used in the term "permanent resident" as we know it in Australia. It's only a matter of time before the proposed changes to residency are passed, which will see Australia transition to a physical presence and time based model also, just like Thailand, and many other countries. Good post.

Don't you have the right to do that in a soapy? I mean, if they don't have a girl you like in the fish bowl, they can't force you to go upstairs. You just leave after having a look. I do what you do also. I'll go in, and even if I don't like the girls or the atmosphere, I'll buy one cheap beer and get out.

If / When China stops purchasing our minerals, either due to economic conditions, competition, or as a strategic move, either for short term or long term, Australia will head towards becoming a banana republic. Our economy relies too heavily on China now, and The Chinese know it. It should never have got to this point.