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beammeup
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OK so if you remit 400K after 01-01-2024 but it is savings from prior to 01-01-2024. and have bank statements to prove it. so non assessable. do you need to file a tax return?
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Thai Tax Returns for Foreigners
beammeup replied to Nickcage49's topic in Jobs, Economy, Banking, Business, Investments
I dont know about FBAR but it sure is FUBAR. -
If next year I am tax resident and I remitt enough savings to live on (greater than 60k+150K) but they are savings from before Jan 1 2024, so not assessable. Do I still need to do a tax return the next year?
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Yah there is a bunch of squareheads who say everything is clear just read the docs. they cant comprehend for us. Well when you get tough questions they disappear.
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All this talk about gifting... I thought we established that the gifting (once the funds are in Thailand) is tax free up to 20 mil but the money needs to be remitted first and that may be taxable. One of those things that need clarification. It would be nice if someone has done this and can tell us how it went. Probably we will need to wait until mid next year to find out.
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OK so if Income is from dividends or sale of investments offshore, I am entitled to the expenses deduction of not exceeding 100000?
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So if you have greater than 200000, you will be able to deduct (from A4above) - expenses 100000? Do you need to prove these expenses?
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when did they announce that? I only read it bis under consideration.
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OK so one way to reduce amount possibly is file separate returns for you and your wife. Say we have a joint offshore account, remit half to yourself and she remitts the other half to herself. That way we would both get the first 150K at 0% + 65K and any other reductions.
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Thailand to tax residents’ foreign income irrespective of remittance
beammeup replied to snoop1130's topic in Thailand News
OK so If we have a joint offshore account, I gift her funds (offshore), she remitts to herself. This should be non assessable ( gift) no? And legal. -
Thailand to tax residents’ foreign income irrespective of remittance
beammeup replied to snoop1130's topic in Thailand News
Assuming its assessable. My income from sale of investment, but in a joint offshore account and she remitts to herself. I have no issues with her being liable, I just want to be sure I am not somehow liable. -
Thailand to tax residents’ foreign income irrespective of remittance
beammeup replied to snoop1130's topic in Thailand News
There is nothing useful in this response. You are stating the obvious. Anyone else? -
Thailand to tax residents’ foreign income irrespective of remittance
beammeup replied to snoop1130's topic in Thailand News
How about if you have a joint account offshore with you Thai missus, and funds are sent to an account solely in her name. Any chance the husband will get dinged for tax? -
The longest cooking classes I have seen are 6 weeks. Why would they give a 5 year visa for that?
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Extension under review to be picked up next week but wife unavailable on that day. Is she required?
