sandrew33

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 🙂

Not really. The tax free threshold in the UK is about £12000 but this only applies to UK Tax Residents. If you are no longer UK Tax Resident and are instead a Thai tax resident then your UK income would not prima facie be covered by the tax free threshold. You’d need to check your personal circumstances in the UK. Thailand can tax Thai tax residents as it sees fit under Thai Law. Nothing to do with the UK EXCEPT where it’s covered under the double tax treaty between the 2 countries.

Those tax free thresholds are usually much lower if you have advised your UK/Aussie etc tax authorities that you are no longer tax resident there and are in fact tax resident in Thailand. Regardless, the income would be taxable in Thailand if you are resident here with a credit allowed for any tax paid in the UK.

Reading comments of a lot of Aussie expats on government pensions the issue is they accidentally or deliberately currently fall through the cracks. They don’t change tax resident status in Oz and so the entire age pension is basically tax free (assuming little to no other income there) and they don’t declare it in Thailand. Win win 🙂 If they are actually Thai tax resident and have ceased to be Australian tax resident they should be taxed in Oz on their pension as non residents and get a tax credit under the DTA here in Thailand. Either way they pay tax on it. Currently they don’t and aren’t bothered by Thai or Aussie tax authorities. So here we are 🙂

Given this is fairly common practice for individuals in most countries and for businesses across borders daily there are rules around the conversion rates. Typically you can use actual rates if you’ve got details of every transaction by date OR an average rate monthly/annually. The whole thing simply aligns Thai tax more closely with the tax regimes of the countries most of us come from 🙂

The US and most other countries in the world already share this information under automatic information sharing agreements. One of the reasons you are asked which countries you are a citizen of and a tax resident of when you open bank accounts is to make that automatic sharing easier.

Per my post about 3 posts before this, this assertion is complete <deleted>. Most developed countries tax those who are tax resident on their global income (subject to double tax agreements). You are confusing taxing people based on their citizenship v taxing them based on tax residency. Two entirely different concepts.

This is wildly incorrect. You seem to be confusing determining tax residency based on nationality/citizenship v the broader concept of taxing people on worldwide income based on tax residency. Most developed countries have some form of worldwide income approach to taxing those tax resident in the country. This is Thailand simply adopting that approach. If you are earning the income in a country that has a double tax agreement with Thailand than that will still have application. The DTA will determine what income is taxed where and where it is subject to tax in both countries will allow a credit for the tax already paid outside Thailand. The practical question is the resources available to the Thai revenue authority to manage this and the will to do so at the bottom end of the expat population. Logic though will dictate that anyone here more than 180 days a year is likely to be under greater pressure to at least register for a tax number and file an annual return presuming this all becomes law.