TheAppletons

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Charlie Brown, my main man.

What is the difference between a drug dealer and a farmer burning his crops? One is lighting up a joint while the other is lighting up the joint. (Thank you ladies and gentlemen, I'll be here all week. Please remember to tip your servers and bartenders.)

What are you Smokin', Joe?

Pink Floyd Yes (esp. Close to the Edge) Marillion (esp. Misplaced Childhood) Pearl Jam

I'm not sure why anyone is doubting that "assessable" is in the Thai tax code: "2.TAX BASE 2.1 Assessable Income Income chargeable to the PIT is called “assessable income”. The term covers income both in cash and in kind. Therefore, any benefits provided by an employer or other persons, such as a rent-free house or the amount of tax paid by the employer on behalf of the employee, is also treated as assessable income of the employee for the purpose of PIT. Assessable income is divided into 8 categories as follows ....." https://www.rd.go.th/english/6045.html

Good for you, Skippy. I have no need to visit a Thai tax office as I'm not required to file a tax return. Run along now, m'kay?

Not accurate. (I suspect it depends upon which DTA you reference.) The US/Thailand DTA specifically mentions "government service" pensions and "other similar public pensions". "Subject to the provisions of paragraph 2 of Article 21 (Government Service), pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State. Notwithstanding the provisions of paragraph 1, social security benefits and other similar public pensions paid by a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State." https://library.siam-legal.com/thai-law/u-s-thai-tax-treaty-pensions-and-social-security-payments-article-20/#:~:text=Article 20%3A Pensions and Social Security Payments&text=Notwithstanding the provisions of paragraph,in the first-mentioned State.

No. There is a large swath of AN members who can't wait to file tax returns, even though they probably aren't required. Chalk it up to fear, illiteracy, and a guerilla marketing scheme by for hire expat tax advisors.

I don't get excited much about these political conversations, but this is too funny. And when I say "funny" I mean an unfortunate misuse of power. Biden was - when I was growing up - a pretty well-respected member of Congress. He seems to be (un)intentionally tanking his legacy on the way out the door.

Understand - which is why I specifically stated "IF one's pension is non-assessable for Thai tax purposes via DTA." I understand that each DTA is different; I asked because your posts imply (or perhaps I infer) that what you describe applies to all pensions/persons/remittances. That's the part I was questioning. (American citizen.)

I've seen you state this a couple of times now. There is no "threshold" to go over if one's pension is non-assessable for Thai tax purposes via DTA. One can remit the entire pension - regardless of value - and there's no consequence regarding taxation. It's all still non-assessable if stated as such in the bilateral agreement.

I don't think it's quite that simple either. There are many, many expats who will owe no tax; many more who will not even be required to file because they have no assessable income. We all know how the lines at immigration can be in the large expat metro areas - Bangkok, Jomtien, Chiang Mai, etc. Now imagine if all of those gaggles of people descended upon TRD to ask for letters for "tax not required". Add the additional gaggles of people also descending because they did have to pay tax. TRD is not even close to being staffed to handle such an undertaking. Considering the current reports of people being turned away just for wanting to apply for a TIN.....it's a stretch.

Laptop Deniers is the name of my new band.

Holy mother of Jesus driving a taco truck. So much misinformation, so much hysteria, so many clueless fools offering opinion as fact. If there was ever a reason for this website to be shut down, it would be this thread. LMAO.

a) Personal Allowance for self (PA1) - 60,000 b) Personal Allowance for wife (PA2) - 60,000 c) Over age 65 years exemption (OAE) - 190,000 d) 50% of pension income received, up to 100k (PD) - 100,000 e) In addition, the first 150,000 of assessable income is zero rated and free of tax (ZR) https://aseannow.com/topic/1324294-introduction-to-personal-income-tax-in-thailand/#comments

Complicated Sociosexual Reasons is the name of my new band.

You could probably make money streaming that online.

Not at all. Just trying to facilitate your imminent departure. I'm helpful like that.

Recession -> less income -> more blowies -> more lipstick.

Better than what you have provided as "proof" of your conspiracy theory. "How can tax evasion and tax compliance under CRS be carried out without reporting income sources ?" By providing transparency into the asset values held in overseas accounts, reported annually. Unusually large asset values - without a correspondingly large tax bill - create the internal trigger for audit/review. Individual remittances do not, unless unusually large. It's laughable that your "deep state" is going to monitor every single remittance from every single tax resident and question its source. Unfortunately, your tunnel vision obscures the remnants of your sanity. (Last response to any of your ridiculous posts. Others can decide for themselves whether to read your drivel, I won't.)

Here we go again..... You keep hijacking every single tax thread with your own fabricated version of what CRS reporting is/does. It is not a transactional level view. It reports account balance at the end of the year. Here's what CRS reporting provides (note that it says nothing about individual transactions/remittances): - 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#:~:text=Information exchanged,-The information and&text=Name%2C address%2C Taxpayer Identification Number,Account number I can't decide if you're simply clueless, a troll, or a paid tax advisor.

Yawn. Another for profit tax advisor sowing fear and confusion in an attempt to drum up business. Criminal misinformation/misdirection. “All foreign income must be declared but this doesn’t always mean a tax liability.” That's a straight up lie. Yeah, good luck with that.

".......and therefore deemed by the Thai Revenue Dept to be a social security payment, in her opinion it was not assessable. She, for the sake of clarity, telephoned the Provincial Revenue Office and their response was that it was not assessable and therefore there was NO requirement for me to include any portion of it in my tax return." As expected, TRD does not expect tax residents to show non-assessable income on their tax returns. https://aseannow.com/topic/1348698-todays-experience-trying-to-obtain-my-tax-refund/#comment-19511729