KhunHeineken

Are there any Australian tax or pension reduction implications for trading like this?

Are you suggesting that someone who has never stayed in Thailand for more than 180 days in a calendar year, thus, are not a resident of Thailand for tax purposes, still needs a TIN?

I agree. Thai banks have to record such data. What has changed is the need for foreigners to report this, as an individual. That's not to say they have a tax liability, but they have "earned" some money in Thailand, thus, are now in "the game."

Somewhat interesting for Australian's, don't you think? I doubt it's much different for many other other western countries. https://www.ato.gov.au/about-ato/commitments-and-reporting/information-and-privacy/your-privacy/when-we-collect-information-from-others Treaty partners Just as we disclose information to treaty partners overseas, authorities in other countries share information with us under international tax agreements.

This is so strange, because you posted in the Australia Forum that you will not need to pay any tax due to the Australia / Thailand DTA. I remember you posting that we should all forget about Article 19 in the DTA because the relevant article is Article 18. What's changed?

Did I say it was empty? Perhaps, I have a cash agreement with a friend or family member. Perhaps someone who's going to fly in cash for me to Thailand when they holiday, paying their rent to me in Oz, and also minimizing my Thai tax liability. If you are renting out an Aussie property for $32,500 per year, I gather you are not getting the the full pension, nor, the $300 electricity cash that I am. How stupid is that? You are getting less than everyone else on the forum.

Not necessarily. Could be a desktop PC with a sim card USB dongle. No phone involved.

No. I have to pay the electricity bill anyway, so that's $300 I don't have to pay, so it's as good as money in my pocket, more so, when you take GST into account on the $300. I am just on a long holiday, remember, because the current 90 year old laws allow me to say it's my "intention" to return to Australia to live. Unlike many others, I haven't burnt all my bridges back home. I actually do have a property I can go back and live in, should I want to, or need to. Why do you think Australia wants to move to a physical presence and time based model, like Thailand, and many other countries? Geezzzzz, if Thailand has it, how stupid does Australia look without it?

Have you considered the owner of the property, the landlord, may be a foreigner, say from the USA, UK, Australia, Germany etc etc. If one was to pay rent into their home country bank account, what rent money has been remitted to Thailand? The whole transaction has bypassed Thailand. It's been going on for decades with those working as property managers here without a work permit, and for those using AirBnB etc. Wake up.

I am still "domiciled" in Australia, so picked up the $300 electricity cash. A few hundred dollars behind the aged pensioners pick up, but as Olmate says, "Thanks Albo." Not to bad for non voters, hey?

Many feel that using an agent is a waste of money. They soon find out the hard way after being f*cked around by Thai authorities. Add up all the time waiting, travel back and forth, photocopies, frustration etc etc etc etc etc etc etc etc, or you can pay an agent and go back to their office tomorrow and pick up your passport and the job's done. I laugh at those who say their extension only costs 1900 baht. I ask them, "And how much does lost interest on 800k baht in a Thai bank that pays next to nothing cost you a year?" The 800k baht left in my home country, earning over 5%, more than covers the agent's fees, and it's safe, in a country where I have rights.

Catch 22. Can't open and transfer 800k or 65k a month into a Thai bank account without a retirement visa, and can't get a retirement visa without a bank account with 800k or 65k a month, agents aside. Do you see the issue?

Oh my, what will you do? I mean, you feel the need to impart your superior western tax knowledge on Thai tax policy, yet, refuse to accept any other point of view. My advice is to ignore every member, and disable notifications, that way, you and yourself can always be "right."

Nah, no need for a new thread about it, just because you are trolling. It was just interesting to me that the legal definition of "domiciled" was different to the legal definition of "domiciled" under Australian tax residency law. There are people of all nationalities reading this thread, and many other threads, about the tax situation facing us all in 2025. As another member said, the UK's legal definition of "domiciled" day's are numbered, as they are in Australia. Australia is certainly heading towards a physical presence and time based tax residency model, being a "bright line test" of 183 days inside / outside of Australia. The UK may not be far behind.

Interesting to me how the legal definition of "domiciled" in the UK is different to the legal definition of "domiciled" in Australian tax law.

Why would it have to be a "last and subsequent change?" You know what it's like here, they change things like the weather, even their governments. I accept that, and that's why I have said, in my opinion, we will all have to pay "something" with "something" not necessarily being one's correct amount of tax, but "something." I expect many creative, but legal, ways for foreigners to minimize their tax liability to be discussed in 2025, based on however the Thai authorities implement this tax policy. Minimizing tax is not illegal. That said, if they make it a flat fee for a document for an annual extension, some may pay when they shouldn't have to be paying anything, and others may pay less when they should be paying more, but either way, it's a new earner that for Thailand, legit or otherwise, that didn't exist in 2024. No, I don't forget that. It's just that the Thai government will take every baht form everyone, and no free passes for farang. As I have said many times, everyone is looking at this policy as if it will be implemented to the letter of the law. It could very well be like the Certificate of Residence, and we all just have to pay a flat fee for a document for the annual extension. Time will tell.

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.

Why do you say "have" been fleeced? May are still being fleeced I post. Did he make it back to the US, or become a member of the Hua Hin Balcony Flying Club? ] I don't tip, because I couldn't care what Thai whores think. Silly you.

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.

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.

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.

How did you manage to read my post if I am on your ignore list?

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.

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.

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"