
4MyEgo
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Everything posted by 4MyEgo
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Australian Aged Pension
4MyEgo replied to VOICEOVER's topic in Australia & Oceania Topics and Events
I would suggest that the DTA that has been in use since 1989 will stand, i.e. that they won't tax you, however someone else will tell you the DTA is changing, with nothing to support his statements. Just carry on enjoying your time in Thailand and let the governments around the world sort out the mess that they created by overprinting money, now wanting it back to try to get their FU sorted. -
I won't comply simply because I am not required to have a TIN, no more than a child at school is not required to have one, simply because they do not have an assessable income, the same as me. Fortunately for me, I have another account with an address back home for the banks records, why, so I don't pay withholding tax, no, so if ever I get cancelled by the 2nd bank, I have the other account. Banks are just that, banks, and governments putting controls on them to keep their slaves in check, doesn't go down well with me, as a bank should be there to deposit and withdraw funds, and if they feel their is suspicious activity going on, then they can report it to the government. I don't believe in the BS façade of the money laundering Krap, each to their own, I will see what comes of this and if they cancel me out, well I will just continue using my other account. As for the withholding tax not being paid, I will address that issue when and if it arises 🙂
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She changed the aircon again. Time for divorce?
4MyEgo replied to Chris Daley's topic in General Topics
We have a few air conditioners & my wife has never turned one on, she leaves it to her biatch to do that, as I pay the electricity bill, she can turn it on whenever she wants, and at whatever temperature she wants, but she doesn't, as I said above, she has her biatch to do it for her, but never asks, I do it automatically when I feel it's getting hot. I'm not sure who is controlling the air con temperatures, but 25 at night, or during the day is a good temp, with or without a fan to circulate the air, depending on the size of your room/s. Just enjoy it, and if it bothers you, i.e. it's too cold or is going to cost you too much in electricity costs, just tell your wife that; A) It's too cold for you if it's under 25 and if she doesn't listen, then go to B B) Tell her that your not going to pay the electricity bill, if A&B fall on deaf ears, go to C C) Move to a hotel for a couple of days and tell her that you will make this a permanent move if she likes. Naturally don't go to C unless your prepared to call her bluff 🙂 -
One last time for the slow one/s. If you do not have an assessable income and NEVER will, you are NOT required to register for a TIN, if you do not have an assessable income and NEVER will, you are not required to lodge a tax return. If you don't get that, then don't bother with it as I'm done. Call the Thai Taxation Office for confirmation, you might believe it when it comes from the horses mouth, nah probably not.
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Pit Bull Mixed-Breed Dog Attacks, Seriously Injures Five-Year-Old Girl
4MyEgo replied to webfact's topic in Isaan News
What a joke this country is at times, put the dog down, sue the owner for damages as this little girl will be traumatized for the rest of her life. That should send a clear message to others. -
Your point being ? What you are not understanding is that regardless of residency status, I do not fit into their basket as a tax resident because I do not have an assessable income, meaning that I am not required to register for a TIN or lodge a tax return, simple really, in other words, if I was deriving an income, I would have to register for a TIN and lodge a tax return. Does this register for you now ?
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Make take on the new tax laws and panic
4MyEgo replied to wmlc's topic in Jobs, Economy, Banking, Business, Investments
Cough, cough, um, if anything ever transpires and they tell you to register, you simply say, what for, I am not a tax resident as I do not make an income, I live off of my savings, and if they want you to back it up, you back it up, if you can't find clever ways to address that, then register and start coughing up. They will NEVER see anything from me, end of story. -
Australian Aged Pension
4MyEgo replied to VOICEOVER's topic in Australia & Oceania Topics and Events
I had no idea that the deeming rates were frozen since 2022 and further extended for 2024-2025, that is a good thing to know, that said, when they do eventually lift it, that will have an impact on those fortunate enough to have some coin. Once it is lifted, it will stick like mud, regardless if you live in Oz or abroad. I note in the link that you provided, that the Seniors and Pensioners Tax Offset (SAPTO) for a single will increase to $35,813 before one starts paying any tax on their Age Pension and any additional income vs the previous amount of $32,279. -
I have done that just this moment, explaining them that I am a resident, but not a resident for tax purposes as I do not have an assessable income, and am not required to lodge a tax return, nor am I required to have a TIN. Let's see what they come back with, e.g. we still need to verify some things with you, and cannot accept emails as updating your information.....LOL
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Been extremely happily married to my X bar girl - prostitute for almost 2 decades. Forget the label of bar girl - prostitute, and focus on the person you are in love with, however don't be blinded by love or wear your heart on your sleeve. Try and confirm how long she was in the game, the shorter the period the better as she wouldn't have been corrupted. Also the reason she was in the game, e.g. to support the family, or just out to have fun and grab a farang to build them a house and buy them a car then kiss them goodbye, obviously she won't tell you that part. Have seen this played out many a times, so will stop there as we want to focus on the positive stories. Apples can appear to be ripe, some you bite will leave a sour taste in your mouth as they will be rotten to the core inside, so slice them open before you take a bite. I have dated and had many girlfriends and an x wife in my journey for love & what have I learned along this path in my search. Well it doesn't really matter to me about what profession a female has, because you can buy them a few drinks and they will put out for you if your a half decent looking guy, so the bar girl - prostitute thing doesn't phase me, as I know a lot of married x bar girls - prostitutes, they are as normal as any female that I have dated, been married too, they have needs and wants as we do, it's finding the right glove that fits the hand. People are people, trust, but to a degree, try and look beyond their beauty and get to their into their souls. My Tips: 1) Never invest more than you are prepared to lose (10%) as a rule of thumb, and after being with them after about 2 years, by then you should know who you are dealing with and whether they are suitable. 2) Never spoil them, support them to a degree, and keep it at that level, because once you raise the bar, you have set a new level that you will find you can't go below. 3) Never allow them to take control of your life/finances. 4) Don't confuse jealousy for love, as soon as you see that arise, run for the hills as you will regret it because your model has been broken along time ago, and you don't want to sacrifice your happiness/freedom for an insecure person who cannot be fixed emotionally/mentally. 5) Bait them and see if they take the bait 6) Keep the family at arms length as they are not part of your circle of love. Make sure you spell that out in the beginning. Be respectful to them, but no an ATM or you will regret it as she will have pressure from them, so you make sure you cut it off at the beginning, otherwise move on. I don't care what people think, of my tips as it has worked for me, i.e. if my wife requires anything, she knows to ask and most times I will say ok, however, if I feel it is not warranted, then it's a no and she will accept it. You have to find the balance as you don't want to be to hard. Hope this helps and good luck.
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Thailand to tax residents’ foreign income irrespective of remittance
4MyEgo replied to snoop1130's topic in Thailand News
It would never get passed, as some other countries only tax their Citizens on their worldwide income, suffice to say, it all boils down to education here, and we all know that they learn very little here. So someone has jumped the gun, confused as usual in the LOS with that dump smile as if to say, it would appear even the top brass has no idea between the difference of a resident and a citizen. -
I just completed there one page form, again, the other one they sent me was for an Entity, the left doesn't know what the right is doing. In the form it asks, are you a resident of another country for tax purposes, to which I replied, NO. I added, that under Thai Law I am a tax resident if I earn an income from Thailand or abroad, which I do not, I live off of my savings. It also asked me for my TIN, to which I replied, I do not have one as it is not mandatory if you do not earn an income from Thailand or abroad which I do not. I live off of my savings. I will send it to them after scanning it and see if they understand anything, especially the part where they asked, What is your occupation, to which I replied, retired 10 years ago.....LOL So over these corporations wanting to know everything about us, especially governments, if they want to get those who lauder money, they should both look in their own backyards and leave us old folks alone.
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Hey Sheryl, so if I remit, for example a million baht per annum from my overseas account, which is from savings, so to speak, I don't have to pay tax as this is not income, is that what you are saying ? Ok, so tell them that I don't have a Thai Tax ID and have no remittances into Thailand that are assessable under Thai tax law and that I do not owe any taxes to the government. As for the threshold, not sure what that is, although I did read something like is it 60k for me, 60k for the Mrs and 60k per child (not adopted), plus 50k for goods and services, so the threshold could be 410k if you have 4 kids, i.e. if you have an income ? They know I am a non resident in my tax country on the basis of living abroad, hence them breaking my b...s, so to speak. My bad, I read the bottom of the email again, they report it to the Taxation Department in my country and they forward it to the Thai Taxation Department. Might be getting my nickers in a knot over nothing, but I did read an article here on Asean Now not long ago about the TIN for May this year.
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The only problem with that is, if your not an Age Pensioner and requiring funds every year to survive here, they will soon find out when you transfer funds, suffice to say I was called by the bank in the beginning when I moved here asking me if I was transferring money overseas as there appeared to be some suspicious activity with my account. Nowadays, I transfer my funds to Wise and the to my bank here. This particular bank has my address back home, telling them nothing.
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For those of you who think your bank/s back in your home country aren't passing your information onto Governments, so that you can start paying tax in Thailand, think again and read on. This I believe only applies to Non Residents, although I could be wrong ? Background: A while ago, this particular bank back in my home country sent me an email requesting my residency status, with my reply being, you have it on record when I opened the account a couple of years ago, nothing has changed, i.e. I am still a non resident for tax purposes. They then sent me another email asking me to fill in a form, I complied, confirming my residency status as still being a non resident. They came back with another email stating that, they cannot accept my information via email as it is against their policy and that I must contact them as they require further information. I told them to contact me as I wasn't inclined to sit and wait on the phone in a line for 30 minutes, calling from overseas, especially when they already had my information which has not changed. Long of the short, we went back and forth in emails, now have a read of their email of today below to see why they want me to call them, nothing short of them wanting to forward my information to the Thai Government so that they can tax me, remember the new tax code that came in on 1 January 2024 and the recent news that we must have a Tax Identification Number TIN by May and lodge a tax return in Thailand.....LoL, well it's all falling into place isn't it. Reference: XYZ1234567 Hi XXXXXXX, Thank you for verifying some of your information, however, further information is required. I have read through your previous email and in your case, we will need to speak with you via phone call in order to resolve some of our queries. I apologise for the inconvenience in updating your tax residency details, however, with XXXX's legal responsibility to ensure our customer details are correct and up to date, as well as XXXX’s responsibility to maintain our customer’s privacy, certain personal details cannot be updated through nominated email confirmations. What you need to do: Provide your tax residency status by updating and returning a completed copy of the attached form. Please include your THAILAND Thai National ID Number in Section B. OR Please contact our dedicated tax team on XXXX XXX XXX (+XX X XXXX XXXX from overseas) and we will assist you further. OR Please advise the best time to contact you. If you have not updated your contact number in our systems, please contact our servicing team first on XX XX XX (+XX X XXXX XXXX from overseas) for support regarding the update of your contact number. *Note: Tax Identification Number is the reference number that is used to communicate with the local tax authority. Some countries use the National ID as the tax identification number and others have specific reference numbers issued by the local tax authorities. Why are we doing this? The Common Reporting Standard (CRS) is an international initiative involving over 100 countries to the exchange of information on accounts held by non-resident individuals and entities with the tax authorities in their respective countries of tax residency. To comply with CRS, banks and other financial institutions are required to collect foreign tax residency information from their customers. The aim of this legislation is to promote a reduction in offshore tax evasion. All participating countries, which includes XXXXXXXXX, are required to identify and report foreign account holding information to their local tax authority which will be disclosed to the relevant foreign tax authorities. All XXX customers (individuals, business, trust, etc.) are subject to this legislation. If you wish to close your account(s) Withdraw all funds from the account(s) you wish to close. Click the ‘Chat’ icon in either Internet Banking on your desktop or the XXX Mobile App. This will launch a secure chat. Type in ‘Close account’, and then click ‘Chat with a specialist’ who will be able to help you. Removing the suspension on your account To meet our regulatory obligations, including the Anti-Money Laundering and Counter-Terrorism Financing Act, we’re unable to remove the suspension on your account(s) until these details have been verified. We’re here to help If you have any questions regarding this matter, please contact our dedicated tax team on XXXX XXXX XXX (+XX X XXXX XXXX from overseas) and quote your reference number listed at the top of this email. We’re available Monday to Friday 9am to 7pm and Saturday 9am to 5pm. To find out more information or check our contact details, visit the XXX website and search for 'collecting your tax information'. Regards, XXXXXXX Analyst | XXX Identity Protect Customer Identity Remediation | XXXXXXXX XXXXXXX Bank Limited PH: XXXX XXX XXX Email: redacted Now you might ask yourself, what am I going to do, well I am going to reply to them tomorrow, and my thoughts are on the lines of; Hi, I have withdrawn all of my funds from my account today, please suspend my account until I return to XXXXXXXX in the future, and upon my return, I will notify you of my residency status which will be that of a resident. I have another account with my residency status as being a resident back home, why did I opt for that, because as Paddy said: to be sure to be sure, suffice to say, Thailand will get nothing from that account when I bring money over. As a resident of my home country I am not paying the withholding tax as I would be as a non resident, and there is a threshold on earning income before paying tax, so I will avoid paying tax here won't I and back in the home country.....LoL. Be interested to hear what others think about this collusive practice IMO, albeit it is legislated. Thailand has been a part of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) since 2017, and has committed to legislate and implement the Common Reporting Standard (“CRS”) which has similar features as the previously released Foreign Account Tax Compliance Act (“FATCA”).
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Thai Monk Nabbed Shoplifting Beer from Isaan Grocery Stores
4MyEgo replied to webfact's topic in Isaan News
I understood a long time ago when my wife wouldn't feed them in the village like the others. I said what gives, she said not me, they have hands and feet and can work instead of expecting food and donations from the poor. They are good for nothing she said, um, ok dearest, I get it, nothing for the monks then .- 34 replies
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My Girlfriend Fell for the Land Scam
4MyEgo replied to Chris Daley's topic in Real Estate, Housing, House and Land Ownership
Nuff said. -
Drunken Bar Brawl Leads to Scotsman Being Hit by Car in Pattaya
4MyEgo replied to webfact's topic in Pattaya News
Bring your friends close to you, your enemies even closer. -
New Tax Rules for Expats in Thailand Spark Concern
4MyEgo replied to webfact's topic in Thailand News
According to my circumstances and calculations, that's about 3.95% on a million baht, not bad at all, that said, they aren't going to get anything from me for at least 2 years the way I will be doing things and that works out to a saving of about 80,000 baht. Better in my pocket than there's, all legit of course 🤑 -
New Tax Rules for Expats in Thailand Spark Concern
4MyEgo replied to webfact's topic in Thailand News
I'm with you on this. Amen to that. That should be at the top of their list, you taketh, but you don't giveth, so I keepeth, or at least half of it, as I reduce my spending here. I too have contributed about 20 million here in my years living here, e.g. house build, car, domestic holidays, private schools for kids, etc etc, and even having had a look at the tax scale and the deductions, on a million a year, although it isn't that bad, it's still money out of my pocket for absolutely nothing, so why should I add to the already inflated prices here for my $'s worth. As I have already remitted enough before the end of last year so as not to get caught up in this for at least a couple of years, on a million baht remittance per year, I would have to pay them 60,500 in taxes a year, and of course get nothing in return, free hospital care, a road that keeps getting patched for as long as I can remember when they are laying new bitumen at places where it isn't needed, wonder who lives there ? When I go back to my home country next year, I will make sure every family member carries $9,999 on them in cash and we will cash it in here when we need it, that will sort it for another year, because by then it's Age Pension time.