
KhunHeineken
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A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
Correct. For me, I go to the Singapore F1 every year. Depending what happens with this policy next year, I will use that trip to be under 180 days in Thailand, and under 180 days in the other country I chose, should I decide Thailand is no longer worth it to me to remain a resident for tax purposes. For others, it could be exploring some cities and towns in a neighboring country for the correct amount of days to remain a non tax resident of both countries. -
Taxation of foreighners in S/E Asia?
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
Sure you would. -
Incidentally, for the many that may chose to do 6 months in Thailand and 6 months in a neighboring country, they very well could move to tourist visas in order to do so. That would see them being a tourist bringing in cash. What law have they broken? As for the expat, if their cash runs are done in the first 180 days of the calendar year, how do they know how many days the person is intending to stay in Thailand that year, thus making it "tax evasion." One could say, "I am only doing 179 days in Thailand." What law have they broken bringing in cash?
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Taxation of foreighners in S/E Asia?
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
I would like to see what the Thai government does to the first farang to take them to Court over it. You never answered the question, would you be willing to do it? -
Taxation of foreighners in S/E Asia?
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
Are you, or will you be, a tax resident of Thailand in 2024? That means, will you stay inside Thailand more than 180 days in the 2024 calendar year? If so, how can you make such a guarantee? If not, you are not really an expat, are you? Depends on whether or not you will be taxed by Thailand in 2025. Need more information on the above question first, but should one be taxed on bringing in a lump sum to buy a car, and that money will be taxed in 2025, the car has costed them more. Simple as that. However, I see you are now back flipping saying you will be paying no tax next year. If you are a non resident of Thailand for tax purposes, then I agree, but if you are a tax resident, which is the point being discussed, and your remitted funds taxed next year, then I disagree. The money needed to buy the car attracts tax, thus making the car purchase more expensive, not at the point of sale, but at a later point in time. -
Tax Return 2025
KhunHeineken replied to John Phuket's topic in Jobs, Economy, Banking, Business, Investments
Yes. Two reasons. 1) I didn't have to. 2) I have no rights here, so why would I volunteer to pay tax as if I was a Thai citizen? -
Tax Return 2025
KhunHeineken replied to John Phuket's topic in Jobs, Economy, Banking, Business, Investments
Thailand has people from many different nationalities living here full time. Most are retired expats. The majority, including myself, derive an income, and that also could be a pension, from their home country. The majority have never paid 1 baht in tax here, other than VAT, and some property taxes. Like I said, all you have done is make a "donation" to Thailand. Do you want a medal? I'm not poor, but not stupid enough to pay tax when I don't have to. -
Taxation of foreighners in S/E Asia?
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
Do you think your personal circumstances are indicative of the majority of expats living here? How many expats have ever paid a baht of tax in Thailand before? How many expats have filed a tax return in the past? Not scaremongering. If the TRD tell them they have to pay "X" amount, how many of them do you think have the courage, and financial means, to appeal, all the way to a Thai Court, to have pre 2024 "savings" recognized as being non taxable, for example? I am suggesting people will just shut up and pay up. -
A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
Not really. One can have all the money and bank accounts their want. They can have multiple properties, a couple of cars etc etc, just don't stay inside Thailand for more than 179 days a calendar year. Find a second home in a neighboring country for the other 6 months of the year. -
Taxation of foreighners in S/E Asia?
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
The whole discussion is about the ifs and buts. We all don't know what will happen after the 1st January 2025. No harm in discussing all possibilities. It's the Thai way to make a scapegoat of the first person that goes against the system. Do you have the moral and ethical fortitude, and the financial means, to take the TRD on in a Thai Court, whilst hoping for a fair hearing, with the eyes of the world watching, or will you just shut up, pay what they say you should pay, and go along like a good farang? Who's willing to risk it all and be the test case for all farang going forward? Are you up for it, CM? No, I didn't think so. -
So, what do you think will be their threshold then? 1 million, 2 million, 3 million, 4 million, 5 million baht? Who sets the figure of what will be chased and what will not be chased? Given computers will be doing all the work, why wouldn't they chase every baht off every person, just like western countries do? I have posted a youtube video about the myth that a DTA only ensures your money is taxed in one country only. I suggest you watch it.
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I understand what you are saying, but in the near future, and that does not mean next month, most countries will go online with similar laws, and taxing world wide income. Basically, it's becoming more and more difficult to be a tax resident of "no where." Should they "change destination" it's only a matter of time before they face a similar issue elsewhere.
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Taxation of foreighners in S/E Asia?
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
Fail. That's that's the poorest troll / baiting / personal attack I have ever read. Try harder next time. -
Taxation of foreighners in S/E Asia?
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
Clearly, the ex SAS post was a joke. I did put an emoji. You are hiding behind Thai's for a tax that is more easily targeted at you. I have no idea why you feel safety in doing so. Since when did you every think, even for just 1 minute, you had the same rights, privileges and freedoms as Thai's? This forms the basis of your argument, and it's ridiculous. You are a 1 year tourists, like the rest of us. Your retirement visa / extension gives you ZERO more rights than someone flying into Thailand for their first time on a holiday on a 60 visa exemption stamp. Happy to hear what you can do on a retirement visa that they can't do on a visa exemption stamp. Deal with your own personal tax liability, as a farang, within the Thai laws, because you will NEVER have the same rights, privileges and freedoms as a Thai. The money you remit to Thailand is going to be "taxed" in one way or another, either in 2025, or eventually. The writing is on the wall. When you pay that tax, EVERYTHING in Thailand has become more expensive then when you didn't have to pay ANY tax. Yes, I know, rocket science. -
Tax Return 2025
KhunHeineken replied to John Phuket's topic in Jobs, Economy, Banking, Business, Investments
Do you know who owns XXXX Gold? Hint: it's not an Australian company. Do you like Kirin? -
Taxation of foreighners in S/E Asia?
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
I have touched on this point before. Whilst you are correct by the letter of the law, have you allowed for "TIT?" Would you be prepared to take on the establishment, in Court, or just pay a bill they throw at you? Serious question, because that's maybe what it may be in 2025. -
A Visit to the Tax Office
KhunHeineken replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
As I have said in the past, "a little out of a little can be a lot to some people." -
Tax Return 2025
KhunHeineken replied to John Phuket's topic in Jobs, Economy, Banking, Business, Investments
And the "tax" for that has gone up in 2024. -
Taxation of foreighners in S/E Asia?
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
A very small percentage of Thai's submit tax returns, so that makes for the majority of Thai's living in the cash economy. To answer your question, not every Thai buying a car is a bar girl or a corrupt official. Those examples were for illustration purposes. However, do you agree that those examples pay no tax? Yes or no? If you don't know the stats for Thailand's cash economy, why refute it? Come back after you have done some research. -
The Investing Year Ahead
KhunHeineken replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
Arms manufacturing companies, and their subsidiaries, would seem to be a safe haven over the next 12 months. -
The Gold that glitters...
KhunHeineken replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
The gold always "glitters" in a bar girl's pants here. That's why so many people "invest" in it. Of course, 99% lose, but they enjoy some "gold" while it still "glitters."