KhunHeineken

I'm sure you are sleeping a lot better than many others. It's the easiest way to take the whole thing out of the equation and be tax and stress free. I very well may be doing the same this year.

Were you at the press conference? If not, what is your source?

Has the journalist been arrested for misquoting the Director General?

If she was making bigger money, I'm sure her mental health would be fine. I guess it must be depressing for her to see bar girls make more money for an hour's work.

Funny how the revenue boss makes the statement in the media and many AN members post THEIR interpretation of the policy, like the revenue boss gives a damn. He's told all foreigners to file and declare all income remitted. Pretty clear. As I have said before, fail to obey his command and things could get nasty come extension time.

Yes, that's Thailand sorted. Now, are they tax exempt for residents and non resident for tax purposes, or just residents???? As I have said before, at 30% from $0, Thai tax may be the least of Aussie expat's problems. That's where the DTA comes it. It makes sure the same money isn't taxed twice, but it is taxed, and can be taxed by both countries. You pay your non resident tax liability in Australia after the 1st July, and your remitted funds tax liability in Thailand after the 1st January. I agree, but I don't think permanently. I think many will do the 179 days in Thailand, and the rest of the year elsewhere. That leads to another question, how long before other countries follow Thailand and implement the same policy? No where to run, no where to hide.

From another thread. "The Director-General of the Revenue Department on Thursday called on taxpayers to file their end-of-year returns for 2024. This will be the first year that all foreign residents in Thailand are included. Changes to tax regulations in 2023 make all income remitted to Thailand by foreign residents in the country for over 180 days last year declarable." Three things stand out to me in his statement. "all foreign residents are included" - note the word ALL. "changes to tax regulations in 2023 make all income remitted" - not the word ALL again. "The Director General of the Revenue Department on Thursday called" - Note the words DIRECTOR GENERAL. Who do you think has more control over this policy, the Director General, or the staff of Integrity Legal?

Can you get the staff at Lamphum and Chiang Mai to tell their bosses the same thing?

Where did you hear that?

Turns out Vietnam may not have to offer any retirement visa to get retirees for 6 months on the year. Thailand's tax policy is doing it for them.

Yes. The price has gone up for living here, with no value added for a farang for the extra money.

Add to that an unforeseen medical operation, and buying a new car. They both become more expensive when you get a tax bill for the remitted funds for paying form them early the next year.

You will also have to keep an eye out this. Plenty on the internet about it, and plenty of debate about it in the Australia Forum. It's in the mail. Non resident tax is 30% from $0 to $135,000. Note, that's from the first dollar. No tax free threshold. https://hlb.com.au/tax-residency-changes-for-individuals/ Basically, Australia will change its 90 year old tax residency laws to a time based and physical presence model, like Thailand. Outside of Australia for 183 days, non resident for for tax purposes.

Sounds like she's already taken your money.

The same tired old debate continues. How does the TRD know your remitted funds are of a category that is taxable, or not taxable, until you file and declare their source and amounts?

Most pensions from around the world, if all of that pension is remitted each month, takes the pensioner over the tax free threshold. Most will have some tax to pay, that means a TIN, filing, declaring, getting a certificate of clearance. Just another earner out of farang, and another hoop to jump through in order to remain living here. Many have the strategy of doing nothing, because TiT, and all of this can not / will not work, however, I first brought up that a Certificate of Clearance may be another document required at extension time. That was "scaremongering" at the time, but now allowed to be discussed. It's the easiest way of enforcing the policy on farang. It makes you go to them, rather than them going to you. They will not get much out of aged pensioners, but whatever baht they get out of them will be more than what they got before, which was zero. Then, you have high net worth individuals, cha-ching. Time will tell.

It's been the subject of a lot of debate in the Australia Forum. Most members saw the words "pension" and "source" and "contracting state" and celebrated that their pension would be tax free. When I pointed out to one member that Article 18 relies on the "provisions" of Article 19, and asked him if he was concerned at all about those provisions, his reply was, and I quote, "Forget about Article 19." Well, it just became comical after that.

Well, geez, let see. Currently, most expats electronically transfer funds from their home country bank to their Thai bank using the bank's service, or companies like Wise etc. Both charge a fee, and make some money on the exchange rate also. The central banks of both countries are also aware of the transfer. Picture a society where you can pay for everything in crypto. You are paid in crypto in your home country, and you buy a beer or whatever with it in Thailand. No more bank needed in your home country, and Bangkok Bank, Kasikorn etc etc not needed in Thailand. You've cut out all the middlemen and saved some money, and if done in a certain way, private and untraceable. In summary, "migrants" will not have to pay bank fees and lose on exchange rates.

Article 18 of the Australia / Thailand DTA relies on the provisions of Article 19 in the DTA, and Article 19 states government service pensions are covered by the DTA. The aged pension is not a government service pension.

If this tax policy happens to the letter of the law, I can see this scenario being popular for new retirees. They have probably been working towards, and counting down the days to retirement, and then heading straight for Thailand, but they are probably going to have to wait 185 days longer.

So, even knowing you do not want to work for them, you still strung them along for a work permit, that you don't want to pay a baht for, because you are going to work for another company, without even doing a day's work with the company that arranged the work permit for you. I hope you do not live on a high floor in your building.

Yes, and another other than that is a bonus.

Did you ask her to make sure you are stiff before you are cold?

Most murders, globally, are committed by people known to the victim? What that say about "trust?"

Governments (tax offices) and Central and retail banks, all around the world, care. They are being bypassed and losing money.