
sandyf
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Don’t kill the golden goose! Tax reforms may drive away expats
sandyf replied to webfact's topic in Thailand News
Speculation can bring about otherwise unconsidered views into the debate, possibly the architect of a new regime. From the OP. "There is speculation on social media that annual stay extensions might soon require income tax clearance in Thailand. This rumor has not been confirmed by the Cabinet or immigration authorities and could create issues for long-term visa holders who spend less than six months per year in Thailand." -
Don’t kill the golden goose! Tax reforms may drive away expats
sandyf replied to webfact's topic in Thailand News
The OP is about tax reforms, one can only think you believe tourists to be tax residents. -
Thailand to tax residents’ foreign income irrespective of remittance
sandyf replied to snoop1130's topic in Thailand News
There may be a clue in a statements from the original article which did raise the issue of pensions but yet the text regarding Section 40 makes no mention of pensions. The current text of Section 40 does does refer to pensions, maybe an amendment is being considered. "Section 41 specifies that individuals who have assessable income under Section 40 in the previous tax year from duties, work or business conducted in Thailand, or from the activities of an employer in Thailand or from assets located in Thailand, must pay taxes according to the provisions of this section, regardless of whether the income is paid within or outside the country. Please credit and share this article with others using this link: https://www.bangkokpost.com/business/general/2860812/law-to-tax-income-from-overseas-in-the-works. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved." -
Just like the poster I replied to, you are wrong. For some reason people seem to have forgotton that between 1978 and 2016 the UK state pension was a 2 tier arrangement and continually talk about the state pension in the singular. There are quite a percentage of people getting well over the PA from their state pension.
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You are wrong. The law is not on foreigners per se, it is on all Thai tax residents. The primary aim is collect revenue from high wealth individuals who may be generating income outside the country which is currently uncollected due to offshore tax avoidance. Revenue from retired expat pensioners will pale into insignificance compared to the big fish, and the working expats should already be paying their taxes.
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I don't really know what you are trying to say. I do not believe there will be the amount of data sharing going on that many want to make out. If you are right in what you say, then it strikes me that you would be exempt from any reporting. However I must say I find it hard to believe that you have never paid any tax anywhere.
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Can't see that working for Thais going to the UK. My wife had no problem entering Turkey last year, different story leaving. Had her passport checked 3 times and each time resulted in a phone call, because we were heading back to UK. Your post is going to have visa exempters rubbing their hands with glee.
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Indeed, for normal Schengen visas the sponsor needs to be a close family member. If i remember right common law was acceptable when we were EU citizens.
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Air conditioner is dripping water, is that normal?
sandyf replied to Jeff Reinstad's topic in DIY Forum
I don't know what he meant by "blowing through", a bit risky if not done from the inside. I have had a blocked drain pipe on occasions and I made an attachment from bits of pipe and tubing for the vacuum cleaner and sucked it clear. -
Many talk about about CRS as though governments are telling each other every time you go to the toilet. I read in an article some time ago that exchanged financial information was to do with unearned income rather than earned income, should have kept it for reference. This is what Wiki have to say and my interpretation would be that Item 5 refers to investment/savings accounts rather than current accounts, why say "distributions" rather than "transactions". Also why refer to a "Reportable Account"? , would indicate not all accounts are reportable Little doubt others will want to read it differently. The information and its exchange format are governed by a detailed standard, whose details are listed in a 44-page long document.[15] Each participating country will annually automatically exchange with the other country the below information in the case of Jurisdiction A with respect to each Jurisdiction B reportable account, and in the case of Jurisdiction B with respect to each Jurisdiction A reportable account:[16] Name, address, Taxpayer Identification Number (TIN) and date and place of birth of each Reportable Person. Account number Name and identifying number of the reporting financial institution; Account balance or value as of the end of the relevant calendar year (or other appropriate reporting period) or at its closure, if the account was closed. Distributions made to the account (dividends, interest, gross proceeds/redemptions, other) https://en.wikipedia.org/wiki/Common_Reporting_Standard
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Certainly the best option. Maybe I didn't word it right but the lady I referred to lived in Thailand, just in the UK on a visitor visa.
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I don't use Singapore Airlines. The self check in issue only arises when I travel alone with no visa requirement. Most of the time either myself or my wife has a visa check. When they try and make me go to a machine I just say I want to go to the desk and they say Very well Sir. I have yet to see a machine without a bunch of exciteable foreigners like flies around the proverbial. I will be pushing up daisies long before there is no check in desk available.
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A late friend of mine had his Thai girlfriend in the UK and she got a Schengen visa to go to Amsterdam from London Embassy. It should be done in home country but the Handbook does indicate circumstances for the visa to be issued elsewhere, mainly on a last minute basis. They had booked a highly discounted package and applied on the grounds that it wasn't available before she left Thailand, accepted without much question. Not an option I would advocate but always worth bearing in mind if you are into taking a chance.