KhunHeineken

Yes, a good result, however, many people have lost money, and have had legal battle with banks over disputed transactions. Once again, you have to deal with the bank. Ring them or wait in a queue. Cancel the card. Wait on the post for a new card. Activate the card. With the virtual cards, you just delete the current one and generate another one. Job done in a couple of minutes.

Do you disagree? Are you stating you believe the proposed changes WILL NOT be passed? Go on the record. So, pensioners who go overseas on a genuine holiday, and find they lose their supplements after 6 weeks, how does that happen? They didn't inform Centerlink of their travels. How did Centerlink know to stop their supplements?

Like I posted before, probably the easiest virtual card many members of AN can get is a WISE virtual card. WISE is popular with expats in Thailand. Sign into your account and you'll have one in a couple of minutes. They are free, and you can make a new one anytime you think the number may have been compromised. Here's the link for K-Banks virtual card. I have no experience with K-Bank's virtual cards, but will check it out. I would think they work the same way as every other virtual card. https://www.kasikornbank.com/en/kplus/instruction/virtual-debit-card-1-e-sa

The think is, you never know when the 4th fraudulent transaction may happen, and if it's successful, and cleans out the account, you've got some problems. The less you use your card the better.

Australia has the third highest beer and spirit tax in the world. The Lucky Country.

This is exactly what the proposed changes were designed to do, and that's certainty for the ATO, and the individual, what their tax residency status is. Under the old system, based around where one was "domiciled" your friend would have issues with the ATO, because the ATO could say you have brought a property in Thailand, so therefore you are now "domiciled" in Thailand, therefore a non resident for tax purposes of Australia. After the proposed changes are passed, basically, 183 days inside Australia, resident, 183 days outside Australia, non resident. No need for auditing this, and everyone will know the rules and where they stand. The days of arguing you are "domiciled" in Australia, despite not being back in Australia in years will be over. Thus, one will not be able to "elect" anything in the future. It changes to a physical presence and time based model.

Which would be a false declaration after the proposed changes are passed, and one has been outside of Australia for 183 days.

Everyone's financial circumstances are different. It comes down to tax residency, type of income earned, the amount earned, DTA etc etc. For some, it may be beneficial to liquidate all assets in Australia and place the money in an Australian bank account paying around 5%, informing the bank of your non resident status, and living off the interest, minus the 10% tax. Others may need to set up a more complex financial structure. There may also be some people who simply will not be able to afford to live overseas as a non resident of Australia for tax purposes without taking a major hit to their lifestyle. These tax/s will effect different people differently.

Depend who "earns" and where those "earnings" go? The population of Australia is 26,966,789. https://www.abs.gov.au/statistics/people/population/national-state-and-territory-population/latest-release The amount of employed people out of the 26 million is 14,316,400. https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release To be classified as "employed" you only have to work 1 hour a week. https://www.rba.gov.au/education/resources/explainers/unemployment-its-measurement-and-types.html#:~:text=Employed – includes people who are,or more in a week. So, Australia has near half the population working to support the other half. If only every Australian citizen could own a mine.

He's trolling.

Coopers is now main stream, so I no longer include it as a craft beer. The other two beers are definitely not craft beers.

Correct. Those pesky "provisions" in Article 19 that Article 18 relies upon.

Link please. Didn't you just said you can not be taxed, therefore, how can you be refunded? Another member posted a link to the thread, but here's the link to the actual youtube video. Also, a member has posted a screenshot. Have a look at around 18:50 minutes. It states there is no exclusion for the Australian aged pension in the DTA. There's also this from these from the ATO. https://community.ato.gov.au/s/question/a0J9s0000002ngF/p00172380 https://community.ato.gov.au/s/question/a0J9s000000O2y4/p00197245 In fairness, a screenshot was posted by a member that was from another ATO staff member who said no tax was payable due to the DTA, but it's a screenshot and I can't link it. Article 18 and Article 19 of the DTA relate to pensions. An aged pension is not a civil service pension.

I don't carry a virtual card on my phone. I don't do any financial transactions on my phone at all, so can't speak about shops. I have never paid with a physical card in a shop, restaurant, hotel etc, and I am the same with the virtual card. Mine is Visa, and is accepted by every online merchant that excepts a physical plastic Visa card. Flights, Agoda (hotels) etc, no problem. It's the same as sitting in front of your PC with the plastic card entering the details.

Just reread your post. I only have a virtual debit card. I'm not sure if you can get a virtual credit card. I have posted how I use it.

There are no limits on the amount of virtual cards you can generate. Obviously, if you were generating 100 a day it would raise suspicion and probably breach their fair use policy. Using your example here's how they can stop fraud. There are two ways. Firstly, you enter your virtual card number with Sri Lankan Airlines. It's a new merchant so triggers 2FA. This means you have to authorize the payment with a code. Say someone dodgy at Sri Lankan Airlines sells your virtual card details to someone in San Francisco, firstly, there's no magnetic strip to clone, but if they go shopping online it triggers the 2FA. So, straight away you know someone is trying to use your card details. Cancel the card immediately and generate a new one and you are up and running again. No messing around with a bank and postage. Second, say you are about to buy something from an online seller that could be dodgy. You purchase the item and cancel the card straight away. They still get their money and you get the item, but the virtual card is canceled seconds after you give it to the possibly dodgy website. You generate a new one and within seconds are up and running again. You can use pre paid Visa / Master Cards for this, like I used to, but with a virtual card you do it all from home. As an extra safety, I only move the amount of money for the item I am buying onto the virtual card before I buy the item. In your example, say the Sri Lankan Airlines flights were 20,000 baht. You move 20,000 baht from your savings account onto the virtual card and buy your flights. Then, the scammer in San Francisco gets "insufficient funds" for any attempted purchasing. Times are changing. Scammers are becoming more sophisticated. If you wanted to, as mentioned above, and within reason, after every single online transaction you can generate a new virtual card. That's something you can't do with a bank.

Sure, but had to ring the bank, go through security questions, cancel the card, order a new card, wait on the post, activate the new card. Virtual card with 2FA for every new transaction, and if ever compromised, or expiring, you cancel your old virtual card and generate a new card yourself within seconds. I haven't entered the number / details of a physical plastic card anywhere on the internet for a long time.

Yes, a shark bit the cable.

Not long to go now. https://australiandebtclock.com.au

On the 9am Leo again I see.

They are nothing new. They have been around for a while. They work the same way as entering the card number, your name, expiry date, and CVV into any online payment system, except there is no plastic card. They are popular in the USA, not so much in other countries because their banks are not offering them. At any point if you see your virtual card may be compromised, within seconds you have canceled the old one and generated a new virtual card. Same thing when the virtual card is due to expire, you just generate another one. No postage or plastic involved. WISE is popular with expats in Thailand. WISE do virtual cards. Read more about it here. https://wise.com/gb/virtual-card/

Please post the contact details of your wife's accountant.

If your credit / debit card details are held on a company's server, that's any company, anywhere in the world it's hosted, eventually that card is going to be compromised. Such is the amount of cyber attacks these days. I am now using a virtual card for every online company I have dealings with. If / when that virtual card is compromised, with a few mouse clicks I get another virtual card and then update my payments / subscriptions etc with companies with the new number. No more waiting for the bank to post out a physical card and having it forwarded to me. As cards near their expiry, you have to update them with companies anyway.

Correct. Lacessit thought he would avoid the tax by moving some funds late 2023. It's tax he should have always been paying, like most, if not all of us. He's now getting paid a pittance from a Thai bank, and probably losing more in interest than his tax liability in Thailand.

Well, Certificates of Residence are supposed to be free, but most pay 300 baht. Why wouldn't the bosses of TRD offices make up their own rules to put their own snouts in the trough as well? Said it before, most expat pensioners may not even have to pay any tax, but they MAY have to pay for a document from the TRD, and just like the free Certificate of Residence that is 300 baht, that goes straight into someone's pocket. We will get to see how it unfolds early next year, but they can change the rules on the fly to suit themselves. Irrelevant to foreigners living here. The government simply doesn't care. Relevance? And your point in relation to foreigners is???? The property market has been dead for years, due to oversupply. So do most Thai's.