4MyEgo

Like Articles 18 & 19 which I won't get into with you for because I have to agree to disagree and shut that one down. But I take it you can read, and understand the difference between a resident and a non resident for tax purposes and where incomes are sourced from ? After you have read the below, you may wish to explain to me what a non resident is, in plain English. Overview of Thailand’s Income Tax System Thailand operates a progressive income tax system like Australia, meaning higher incomes are subject to higher tax rates. The tax year aligns with the calendar year. Tax residency is determined by physical presence within the country for at least 180 days, with residents taxed on worldwide income remitted to Thailand and non-residents taxed solely on income earned domestically. Your residence status and income source influence your tax obligations. Register for a Thai Tax Identification Number (TIN): A Thai Tax Identification Number is necessary if you have taxable income in Thailand. The TIN is used for all your tax filings and communications with the Thai Revenue Department. Tax Residency Unlike Australia, Thailand determines tax residence based on physical presence, not domicile. This distinction can have notable implications for expats, impacting the degree to which their global income may be taxed. In Thailand, individuals are considered tax residents if they spend 180 days or more in the country within a tax year (1 January to 31 December). Non-residents are generally taxed only on income derived from Thai sources.

Now that we have taken possession, we will wait for 12 months and then extend the boundaries to take in the 46 villas, then subdivide them and sell them with money going into the system, our tea money system....LOL

You really should ask KhunHeineken here on the forum 🙂

I have been trying to tell Mr Know All, F All, that is, but he just doesn't get it. Won't accept the facts. There you go, it's all about those residents who work in Thailand. You are deflecting again, fully aware that banks tax the interest you earn. Fact of the matter is a lot of member in the same boat as norba have gone to the the revenue department in their respective areas and have been told the same, don't work in Thailand, no TIN. If and when they pass the worldwide income, then things might be different, that's a HUGE if. You should really go back to scaremongering members about all the new DTA's that are being made.....LOL Perhaps we should change you from Mr Know All, to Mr Know Idea 🙂

Ozzie Ozzie Ozzie oi oi oi LOL, hilarious, reminds me of when I was a very young kid, this comes to mind, remember ring a ring a roses ?

I had my heart attack almost 2 decades ago, stent inserted, meds since. Cardiologist said, diet, exercise, maintain a healthy weight, don't smoke, don't drink, and you will live 20 to 30 if not more years. I have done that just that and no issues thus far, that said, I would visit him every 2 years for a check up at my wanting to, then 3 years when returning to my home country after moving to Thailand, and he would want an echocardiogram stress test every 5 years, all good. I asked him about a CAC test and he said, I wouldn't worry about one, and that he didn't recommend them for his patients, unless very old with complications. Make of that what you will. I thought he might be trying to save the system $'s as Medicare might have paid for it, and I told him that I would pay for it, and that I could even do it when I returned to Thailand, he looked at me, and said, look, I have been seeing you for almost 2 decades, your blood work is good, your weight is good, your diet is good, save your money, but if you want it, then it's up to you, but as I said, I don't recommend it to my patients, unless they are very old with complications. Perhaps it's best not to know, if you don't have any issues, who knows what one will find if they look into it....LOL I haven't done one based on his professional opinion. Sorry that I can't offer you any advice on it.

Hmmm, and there I was thinking that a lot of Thai's don't have drivers licenses, because of the way they drive/ride, or am I confusing myself with the lack of number plates being displayed or hard to read due to the paint having faded 🙂

Hmmm, that must be when shim told him that shim was a he 😉

Link.....

I'm still trying to work that part out 6 decades later.

Do you actually know what Articles 19 and 18 refer to ? Before I respond to your question/s, you can break it down for me in layman's terms. I will help you start it off..... Article 18 stands for ........ Article 19 stands for ........ I honestly doubt you will be able to or decline to answer this simple question.

The Associate Professor that operated had asked me a number of questions and stated that it was common here for drivers to get moles on the right side of their face, as most didn't have UV tinting on their cars. I was a driver for years overseas, similar climate in summer, and never had tinting on my cars, there wasn't a need as I never felt the sun burn me like here. Sure you can ask did 6 months driving here in this sun with no UV tinting cause a mole to get on the right side of my face, well who knows, all I know, it wasn't on my face when I was overseas. I know this much, once the UV tints went on, my face and arm wasn't burning anymore when exposed to the sun. He also told me to keep out of Thailand's sun, not that I'm white, I have olive skin being (European), the sun here cooks you like there's no tomorrow, in just a short time, so I cover up best I can when out there.

I had a dealer put tint on for me on my new car, 6 months later I had a mole removed from my face which wasn't there before. The doctor advised me to check the tint and if it wasn't UV, to get it removed and replaced with UV tint which I did. American brand, 60/40 recommended by the installer who took me to his car, I sat in it, and it was much cooler than my car even being in the sun. He said the 60/40 was just right for night driving, 40 for the front, albeit it I added a spot light for darker roads which make is harder to see with no street lights. The most important take home is to make sure 110% that the tint is UV otherwise you will feel the sun on your face through the drivers window & through the front window, and boy does it burn. That will also happen if it's not UV. I opted for the bronze colour tint, no one can tell, people can't see you, but they will see a shadow, personally can't stand the dark tints that you can't see into, but this is Thailand, wouldn't be allowed in a western country as it's too dangerous, that is why they have guidelines and restrictions.

Black for some is a statement, especially in Asian countries, but for me, they are not researchers IMO. I have only ever owned white or silver coloured cars, as they are much cooler than a black coloured cars sitting in this heat, and can be clearly seen at night vs a black coloured car. Have you ever seen a black car at night, with their lights off, pretty scary sheet.

Was the money eventually handed over, I didn't read anything saying that the guy was caught with the money ?

Good post Charles, more salt to the wounds....LOL 1. You would think that they would, regardless of what fee (50,000 baht) they have paid for the privilege. I say that, as they have to be big earners to apply of it, i.e. $80,000 USD per annum or invest 5 mil here, etc, etc from what I have heard/read, if memory serves me right. Now there is a big fish to fry as they have all the information they require, don't they. 2. It has influenced my decision because under my circumstances, being married to a Thai who has dual citizenship, as do our kids, it's not really an issue, as we can up and go, albeit the kids will have to change schools and country of course, which they would love, earlier than originally planned as I would have liked them to finish school here before going back. Government back in the old country is generous when it comes to hand outs for kids, unemployment benefits, rental subsidy, etc, etc, that said, according to my calculations, one would just have to accept that the handouts would cover the rent and you live off what funds you have been living off here, besides the tax thresholds there are much more generous than here, with a few minor adjustments of course. The only real bad part for me would be downsizing and having colder weather which I suppose I could adjust to....LOL If they want to bring it on, then we are ready for our new life, with free healthcare 🙂

Your not a very bright spark are you, try X's that by how many other Xpats are also considering leaving, and how much they contribute to Thailand's economy, obviously you didn't do well in math. I shouldn't have to say that this would have a major impact, especially for investment in Thailand, anyways, back to your long neck.

Amen to that, as I am already planning my exit if it gets the nod of approval, e.g. paying tax on income remitted to Thailand from 1 January 2024, ok, granted, can't do much about that so to speak, but now they want to tax me on what I make overseas, NEVER going to happen, it will be time to move one and that will mean just over 1 million baht less revenue to Thailand per year.

You are entitled to your opinion as I and others are, ours. That said, I watched the video and from 38 to 40 minutes, he appears unsure himself, because in my opinion he contradicts himself, listen from 39.30 to 40.30. From what I understood is that if it's a private pension, (Superannuation) it is not taxable in Australia, well we all know that, but if you read TRD code 40 you will see it is clearly stated that superannuation's are taxable here in Thailand. It's pretty clear to me that a pension from a superannuation is taxable here in Thailand, but not in Australia. Remember superannuation's are usually invested in shares, etc and derive an income. therefore deriving an income, tax free in Australia when you are over 60 as you paid your taxes when you paid into super, no tax out after 60, but Thailand wants a slice of it, as per my understanding, and you have to agree, that superannuation's are income producing, otherwise we wouldn't have our money in them. Now Age pensions paid by the government, in my opinion are not taxable in Australia, if that is your only source of income, now some here will want to debate that, and that's fine, my opinion is they aren't, but there is no real definition here of an Aged Pension and a pension, it is pensions only, that is where it gets messy, suffice to say, they shouldn't be taxing Age Pensioners You can make your own interpretation of section 40. Section 40 Assessable income is income of the following categories including any amount of tax paid by the payer of income or by any other person on behalf of a taxpayer. (1) Income derived from employment, whether in the form of salary, wage, per diem, bonus, bounty, gratuity, pension, house rent allowance, monetary value of rent-free residence provided by an employer, payment of debt liability of an employee made by an employer, or any money, property or benefit derived from employment.4 https://www.rd.go.th/english/37749.html

Exactly, I know 2 guys who are looking at moving here in 12 months. Talking to them the other day, they both said, yeh, nah, we will now start looking at other places, like the Philippines for starters. Another m8 just returned home from staying here for 3 weeks, he planned on retiring here in 3 years, and will monitor the situation, again, the Philippines came up.

I have brought in $38k USD in the past, declared it when I left my home country, $19k my wife declared, and I the same, asked where the money came from, I said from a past sale of a property I had. I said I have a copy of the front page of the contract if you like and bank statements, no, it's all good thanks, go straight through, and Bangkok airport was a straight walk out, didn't see anyone there....LOL

Nice try, but Article 19 says you will pay tax in Thailand. Don't mean to be a party pooper, but it's in black and white.

20K USA last time I Googled it. I have the dosh and suppose you can call me corrupt, because I ain't giving them squat. Agree Thailand was a better place 20 years ago, still cheap to live, but not if they are going to tax us.

Just remember there are a number of deductions that will reduce your tax obligation if any. Worst case scenario, maybe 1,000-1,500 baht per month, so just spend that amount less and let businesses suffer because of their governments choice, which will in turn mean less tax from businesses for them. That, or if you can, reinstate your residency as an Australian, e.g. if you have family in Oz, a current Driver's license, Medicare card and ALWAYS remember, you had always intend on returning, also lodge tax returns, and use an Oz address.

The 2 banks I bank with in my home country have already sent me there amended policy stating that they will pass on my information to 3rd parties, i.e. government departments, affiliated groups etc, so much for privacy. What I would really like to know is, ok, they have implemented the remittance tax, so we can't avoid that, i.e. you send money, remit/send it, you pay tax on it, however to me there is another meaning to me if I "bring it" i.e. cash into the country and cash that in at gold shops or get a Thai to exchange it at an exchange like Superrich, not a bad thought and yes, I know most will say, you are "supposed" to pay tax on anything you remit/send, and I agree, but "bring/carry" to me, is a little different.....LOL Anyhow, the BIG question I have is, if, they pass this proposed worldwide tax, will they double dip, e.g. if I made $50k from investments and they wanted tax and I paid it, what happens if I then remit that amount to Thailand, would they double dip ? The world through my eyes is becoming a sad place to live in.