Jump to content

Presnock

Advanced Member
  • Posts

    3,224
  • Joined

  • Last visited

Everything posted by Presnock

  1. right on the last question - 180 days of the same calendar year broken up anyway you want.
  2. just visit your local Thai revenue dept office and ask them - get it from a proper source - others have been told that the number will be the same as your pink card - I don't really know but people here are all experts but funny how their answers differ!
  3. If your US tax is less than that of Thailand, then Thailand could legally tax you on the difference. If the other way around, then you are stuck with the US tax only
  4. go to the revenue dept webb page - in Thai and or English
  5. the draft of this possible law is only being discussed at this time.
  6. Yeah possibly as China was a signatory to that OECD agreement of 2023 like the other 137 countries.
  7. most are probably below the minimum amount to be assessable as income here is very low for the majority. But, there are probably quite a few that have been working the system to avoid paying any taxes on income to any country, thus the new taxation scheme here and I am sure in other countries too.
  8. Obviusly - the reason for this change to worldwide income taxation is because so many people have never or do not pay income taxes to any country.. Taxation agreements need to be read by the expats from whatever country they come from so that they know if they have to pay taxes in their country or to Thailand if they are a tax-resident here.
  9. why do men have nipples?
  10. After the OECD agreement in 2023 the numbers are shrinking. But the PI is still wanting retirees to come for a stay.
  11. The article linked earlier mentions that the RD did not get enough money from buyers of condos this year...now they should be reading the "results of the remittances" not being written this year due to this new law.
  12. Nope, just an American, we have had to pay our "fair share" on income since we began work as teenagers. now that 138 countries want their share, all the expats are screaming. I realize that we expats are short-changed on rights here but that is part of being able to stay in Thailand. Other countries too are going through this exercise while some i.e. the PI recognize what the expats bring with them so have written their tax law to help the retirees to stay cheaply.
  13. Absolutely, too many people not paying income taxes to any country...so 138 countries signed onto the OECD agreement...US already has FATCA and CRS to share banking data to catch the non-payers...l that is what all this about, not something dreamed up by the Thais.
  14. The immigration folks shouldn't question you in Dec since one would not be required to file income taxes until the 1st quarter of 2025. Funny how the expats jump on the Thais for the way they respond to laws yet those expats are just like the Thais in my opinion.
  15. Yeah and same with the locals on the Thai income tax laws too...just because they are basically ignored by the police but if immigration gets involved eventually it could affect the expats here. I don't foresee any problems immediately and who knows, it may never happen in our lifetime.
  16. I used ENGLISH only documents to obtain the LTR visa through a Thai office. I understand though that many people will have documents from other than English providers and that would cause a problem. My documentation to avoid any Thai taxes on my pension can easily be read by non-English as the number speak fo themselves. Yeah I am fluent in Thai but it wasn't necessary for my visa.
  17. ENGLISH is the "official" international language here. No Thai documents were necessary for obtaining the LTR through the BOI. I think that there will be folks that can understand the numbers of those documents that I use from the US government anyway. Only need to recognize a very few words - besides the numbers which are universal.
  18. The main reason that 138 countries signed onto the OECD 2023 agreement was to stop non-filers of taxes on income to any country - Americans have always had to file every year so this was not so much to "catch" Americans but the other folks from different countries. But yeah, I think that there might be some Ameicans here too that will be caught up in this. If your income isn't protected like that in the US DTA then your country didn't write it in any agreement they have with the Thais.
  19. that would be the assessable income remitted to Thailand tax law which began this year. If you have no assessable income then you wouldn't be required to get a Tax ID nor would you have to file the tax forms.
  20. Exactly what I said, evading taxes is illegal and once countries learn that folks are able to do so legally they will use immigration laws to change tax-residency so that those who still pay no income tax anywhere will have to eventually pay too in my opinion...that is what started all this anyway.
  21. Right now, they are waiting for the individual to honor their yearly earnings report but if the RD learns from local banks or CSR reporting about how much you remitted, they might ask you to provide evidence that it is not assessable income. Not sure how this will come about but they sure seem to be looking for every baht from expats possible.
  22. Yes same iwth US govt pensions, we are provided with a 1099R which shows it comes from the OPM, shows annuity yearly, shows taxes with held and probably health insurance. In addition if necessary one can always show the annuity statements provided by the retirement folks at OPM also which shows monthly money paid, taxes paid especially the December/January statement.
  23. Easy to google DTA between your country and Thailand and indicate if you want it in ENGLISH or Thai or whatever language. they are available on line easily and also the THai revenue department has copies of some DTA's also in English
  24. agree it could make things difficult for them to find info on expat tax residents but, immigration can be brought into the equation too and affect one's stay here.
  25. go to the earlier link to thai examiner - they have a write-in poll about complaints of this new scheme for expats to provide their input.
×
×
  • Create New...