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Jeffrey346

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Posts posted by Jeffrey346

  1. Just now, Mike Lister said:

    The one big change that has been made is that previously, income earned overseas but imported into Thailand in a different year from which it was earned, was not taxable. Now, that income is taxable, regardless of the year the funds are imported. Whether or not the DTA between the two countries will negate that tax, remains unclear, it appears that in some cases it may not.

    You are correct. My wife's opinion is those who are deferring income to the next calander year will pay taxes on those funds brought into Thailand.

    Those who are not have nothing to worry about

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  2. 3 minutes ago, Mike Lister said:

    I think it's too early to confirm that nothing will change, indeed some things almost certainly will. For example, income earned overseas from renting out immovable property, will be taxable in Thailand, when it is imported, subject to DTA rules which will vary from country to country.

    What I meant was, if you are not subject to tax now based on your countries agreement with Thailand, you won't have any additional taxes here.

  3. 1 minute ago, Sydebolle said:

    It will create a black market to the enjoyment of the Indian money changers who are in permanent need of foreign currency cash for all those crooks evading taxes. 

    I remember 30+ years ago a survey in either Bangkok Post or The Nation which stated, that among the top 100 income tax payers there are exactly six Thais while the other 94 were alien ........

    Do you honestly think that this ratio has substantially changed ever since? 

    Yes, I do think that number is bogus. There are 100's of Thai millionaires. 

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  4. 5 minutes ago, salavan said:

    So it seems like it's definite then!! So how about some details then. 

    Am I taxed on the money I recive in my own country by Thailand or am I only taxed on the money I bring into Thailand? I have an FCD account is it taxed before I change it up into baht? or only after I change it up into baht? 

    Let's have some details Mr tax man or are you going to keep it a secret until the last minute. 

    Thereare no details yet. Plus all tax laws will have exceptions. Everyone here is just speculating. Keep in mind, if your country has a tax agreement with Thailand, nothing will change.

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  5. 5 minutes ago, NorthernRyland said:

    So it's not enough you bring your money here and spend it, now the government wants to add an tax which in affect will make every single thing in the country X% more expensive depending on your tax obligation.

     

    The max amount was 35% right? That means if you earned US income and were taxed at 20% you would be responsible for another 15%, thus making Thailand 15% more expensive across the board? 

     

    If this really goes through and the number is significant will Thailand even be affordable anymore? 

     

    I don't think it works that way. If you pay tax in the US you don't pay tax in Thailand

    • Confused 3
  6. 5 minutes ago, SGD said:

    You are all missing the point.

    Currently, Thailand considers income earned over 12 months ago as capital and capital is not taxed.

    Thus, if you can earn income tax free at source and then spend income earned 13 months ago, you legally have no tax to pay.

    However, if Thailand changes their interpretation of capital or requires income earned anywhere to be taxed in the year it is earned, you would technically have to declare your income and suffer Thai taxation.

    In reality, if you are paid into Hong Kong and transfer capital, no-one is ever going to ask you where the money came from because it is none of their business.

    The new law closes the loop on income earned in 1 year and brought into Thailand the next year.

  7. Like I said, I used Apollo and they were totally rude and when I told them that I'm the customer they banned me..lol

    Anyway, the service I have now works well. They do use telegram but they are not rude and have 24/7 live support..  Just an fyi

  8. On 11/10/2022 at 4:53 PM, genobkk said:

    I have been using Apollo group iptv. Works flawlessly   Lots of live tv and movies,   Great layout as well.   It doesn’t do you any good to have 10,000 moves is you can’t find what you want easy.  No buffering either.  
    i thought about trying Plex but I didn’t know any host 

    I just noticed your post. Sorry for the late reply. I am familiar with Apollo. In fact, I used them myself until the day I told them how rude they are and they banned me. 

    Their service does work well, but I find the very expensive. I believe they are $20-25/mo could be more by now. The service I have now has more content that I will ever use. The difference is, they answer questions 24/7 and are curious.  I rarely experience buffering, but we all know that buffering is usually an ISP issue and not necessarily  a provider issue.  The current cost for 3 months 2 connections is $30.

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