sandrew33

CRS is actually an obligation on your bank. The bank has to form a view on your place of residency which is why they ask those questions. if you have a Thai bank account and you’ve notified them you are an Aussie they will report CRS info to Thai revenue who will report to Australian Tax Office. If you have an Aussie bank account and they’ve determined you are living in Thailand then the same in reverse. Of course you can obfuscate or not tell the truth and maybe get away with it. This will get harder as computer systems & data matching improves over time. Or you can dance the Thai residency 180 day test as you mention. This is not an option for most retired expats.

CRS

Potentially true but many countries will have a law that determines tax residency and once a tax resident you remain resident until you establish tax residency elsewhere. So jumping from country to country avoids you establishing residency in those new countries but you remain tied to country 1 as tax resident.

Nice rant. Do you feel better? By the way, odd choice of name given you hate the place and have been out of here for 15 years.

Well, yes and no. CRS works across revenue authorities and the Thai revenue authority can make a request of the Australian revenue authority about “Joe Smith” who they believe is a resident of Thailand. The Aussie revenue authority can then share that information under CRS. I understand this is less likely than them getting the info if you are honest about Tax residency 🙂

The Big Brother cross border information sharing was started by the US with FATCA, then the Common Reporting Standard for pretty much everyone else. It’s been around for years. This is Thailand simply adopting a law that’s common in most other jurisdictions. If you live in Thailand for tax law purposes then you pay tax on worldwide income. Thailand has many double tax agreements to avoid double taxation already. Of course if you are avoiding tax in your country of origin (I.e currently paying zero tax) a DTA won’t help you much 🙂 The notion that you should pay tax in Thailand if you live in Thailand isn’t a terrible one but it will certainly cause some chaos over the next few years.

Yes, sorry I didn't make that clearer. He was sentenced in UK under UK law.

Class A + Dealing = life is the maximum penalty.

You do realise that Thais always gamble significantly right? This will just move some to regulated from unregulated.

The irony… You are deadset the biggest flog on here which is quite the the achievement 🙂

There was overreaction in Australia but most of your post is irrational nonsense. It’s also either outright inaccurate or misleading. I was covered by a mask mandate for about 3 weeks total during Covid by the way. How was mask wearing in Thailand? (I mean <deleted> me loads of them are still in them :))

I was in Thailand/Singapore at the start and then in Australia. Perhaps you can again address the issues raised or just acknowledge you are a biased ignorant loudmouth which seems your primary goal here.

Prayuth & Co were diabolical economic managers and the economy has underperformed its regional peers and more importantly its potential for a decade and a half now because of inept government. The handling of the pandemic was average. And "the west" didn't have a single method of dealing with it but certainly plenty of western countries suffered less economically during Covid than Thailand did. I mean at least have some idea of your topic before you glaze the jack boots 🙂 Currently the wrong guy is in charge and the entire country is in limbo because it's not really allowed to move forward while so many in power aren't letting it.

Which one?

Orchestrated campaign by certain parties no doubt. Things aren’t great but if people think the future is Uncle Tuu and the Watch collector then they need urgent help 🙂

This is deeply ironic if you understand the power and money in Thailand.

I was working as a legal advisor in Thailand in 2006. The charges on which Thaksin was found guilty were based on retrospectively making an action illegal that was legal at the time it occurred. Not only that but it was common practice. Thaksin wasn’t remotely a saint but that’s not the point. And again your true politics and biases are showing. 🙂

And here we are. Yes sure he was the victim of trumped up charges which were driven by money and power but hey he allegedly offered a bribe - so that’s a hanging offence. Your yellow slip is showing 🙂

He was the catalyst for those who have held the country back to do so even harder. He’s no longer the solution but they now act even sooner to destroy those who might be because of what Thaksin did. I find it interesting that you direct none of your criticism at those who are the real problem 🙂

The unjust laws wouldn’t exist if the last 18 years hadn’t happened. Thaksin did what he had to do to get out of an effective exile. He’s no saint but I am responding to an entire thread which seems to be making him the issue when he’s the closest the country came to a counter to its actual issues.

You have to go back a fair bit further than that to understand that Thaksin should never have been charged under the law used to “imprison” him to start with back in 2006. Whatever one thinks of Thaksin he did nothing that isn’t done daily here by the wealthy both before 2006 and since. They just wanted him gone. Everything since 2006 has been about ensuring powerful popular leaders are contained and the old powers retained. Anyone asserting that Thaksin is the problem either chooses to ignore reality or is ignorant of it.

The complaint is not really about not going out for 2 days for people who live here, it’s about the impact of these decisions on the holiday plans of tourists. You plan a trip to Bangkok for 3 or 4 days built around a weekend with a few friends and then you get no pubs, clubs etc open. It’s unfortunate that Thailand doesn’t more openly advertise that sometimes fun is cancelled here and occasionally at short notice 🙂

Correct. I mean these are issues that cause delays in processing (and reviews/audits) even in countries that have had worldwide tax and foreign tax credit arrangements in operation for decades. There tends to be a relatively small group of revenue authority staff in most jurisdictions that deal with any complex or “grey” area issues. So in a country that has limited/no prior exposure it’ll take a long time to get up to speed. In reality this will feed the confusion too because limited resources will cause them to focus in certain areas first - bigger end of town - and so those at the lower end of the tax scale who ignore all this might be fine for years (or not) even if they are doing it wrong.

Welcome to the wonderful world of tax planning Sir 😉

When I worked in the US as a resident alien I paid a <deleted> load of tax and didn’t have access to many of the services available to American citizens. welcome to expat life 🙂