Jenkins9039

Ordered from lazada a tap (5,000THB), a plastic bag arrived this morning, with the lazada order number stuck on the outside, got a refund, but until both Lazada and Shoppe get their <deleted> together i'm going to stop using as its every now and again, scammed or fraud. For the record I've spent 7+ million between them over the past five years for company stuff, but of late its getting worse and worse, the time wasted ringing CS.

Arrived this morning.

Define tagged

Did one yesterday to check all the fuss. Revolut to Wise 50,000 THB on the money (Euro's debit card -> to THB account in Thai) to a Thai account i've had and interacted with for a decade. You set up your transfer - Yesterday at 6:16 pm We received your EUR - Your money's being processed Today at 10:00 am - We pay out your THB **NOT COMPLETED AT 10AM** Tomorrow at 10:00 am - You receive your THB' Anything such as 49,999 usually goes through immediately FYI. SCB

Interesting how they 'implemented' the tax 'at the end of the tax year'. Surely like any 'normal' country, they have to announce, put in the gazette and then its any transactions from that specific point onwards.

Not currently happening, nor are the exchanges providing information (they do to SEC & AMOL) because they can't determine when the crypto was purchased. Aside from that, exchange offshore, wire funds in, tax free after 12 months, take a chance under 12 months. What interests me, is whether you've moved say USDC/USDT in AFTER 12 months whether there's a tax converting that to THB (as income, or as Capital Gains).

Questions raised everywhere. But how did his killers know where to get him, he only arrived in the country on the 27th.

Does anyone know of any companies in Phuket that sell 'sacks' (i don't mean the small hand held ones, but the ones like attached) that deliver in Phuket? Can't go smaller as it will be a waste of time, can't go bigger as they need loading onto and off long tails, something like 6 tonne (possibly 10), preferably clay in there. - Background, house on beach, stripping away sand, laying mud/clay half a foot-to-foot across the stretch, then encasing in rebar concrete, before stone tiles. - Clay/Mud is stability around certain areas (on advise of architect). - Mud/sandish-mud on the island is not strong-enough. Added Photo (EDIT) 78944296-sacks-of-soil.webp

Got a link?

Live by the sword, die by the sword.

I want rust effect not rust proof.

Something Like: resene fx faux rust effect

Anyone aware if achievable and what its called in Thailand?

How the heck do you walk out of a country with that much jewellery

https://www.thephuketnews.com/bid-to-prevent-oil-slick-reaching-gulf-of-thailand-shore-82838.php

Have they decided yet when this tax will take effect (from when does it start?).

Since March 2021 twelve countries now automatically share information on companies with no economic substance and where beneficial owners are non-resident. I think non-resident folk with companies in the below countries may be in for a letter from their tax man.AnguillaBahamasBahrainBarbadosBermudaBritish Virgin Islands Cayman IslandsGuernseyIsle of ManJerseyTurks and Caicos IslandsUnited Arab Emirates------- quote start Tax transparency moves forward as no or only nominal tax jurisdictions first exchange information on the substance of entities 31/03/2021 – Twelve no or only nominal tax jurisdictions began their first tax information exchanges today under the Forum on Harmful Tax Practice’s (FHTP) global standard on substantial activities. The standard ensures that mobile business income can no longer be parked in a low tax jurisdiction without the core business functions being carried out from that jurisdiction and that the countries where the parent entities and beneficial owners are tax resident get access through regular exchanges of information. These new annual exchanges cover information on the identity, activities and ownership chain of entities established in no or only nominal tax jurisdictions that are either non-compliant with substance requirements or engage in intellectual property or other high-risk activities. "Today’s first exchanges of information on the previously unknown operations of entities in low tax jurisdictions, are good news for tax administrations around the world, as they will now have regular access to information on the activities and income of entities in low tax jurisdictions that are held or controlled by their taxpayers," said Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration. The exchanges will enable receiving tax administrations to carry out risk assessments and to apply their controlled-foreign company, transfer pricing and other anti-base erosion and profit shifting provisions. The FHTP is monitoring both the legal and practical implementation of the standard by no or only nominal tax jurisdiction through a rigorous, annual peer review process under Action 5 of the OECD/G20 Inclusive Framework on BEPS. The next annual results will be released in December 2021.

Agreed, though their laws actively conflict with that, as they have rules that income/investments overseas are not taxable within Thailand as long as they mature 12 months outside of the country before bringing over. I've gone from that perspective, deferred salary from 14-19 paid in 19, sat maturing till late 20 and brought in as Stable. Should throw a fox in the hen house.

You will also note Bitkub has forced wallet changes (29th onwards). Government are introducing 'surveillance' on Crypto Currency this year... (that might shield those trading previously).

Real question - Is it from 2022 onwards, or 2021 onwards (lol).

https://www.rd.go.th/english/37749.html#section40 Covered in: https://www.coindesk.com/policy/2022/01/06/thailands-crypto-traders-to-be-subject-to-15-capital-gains-tax-report/

Open to listen to opinions under Section 178 of the Constitution of the Kingdom of Thailand to Participation in a multilateral agreement between the authorities for the automatic exchange of financial information (Multilateral Competent Authority Agreement on Automatic Exchange of Information: MCAA CRS) The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) is the Organization for Economic Cooperation and Development's collaborative framework on the exchange of tax information. (Organisation for Economic Cooperation and Development: OECD) that Thailand has been a member since 2017 and must continue to enhance the exchange of information to meet international standards. by expanding the network of contracting countries to exchange information And must begin exchanging financial data automatically in a standard set by the OECD, known as the Common Reporting Standard (CRS), in September 2023. To implement the automatic exchange of financial information in accordance with the OECD standards, Thailand must enter into a multilateral agreement between the authorities for the automatic exchange of financial information. (Multilateral Competent Authority Agreement on Automatic Exchange of Information (MCAA CRS), which is a sub-agreement under the MAC agreement in which the competent authorities of a Contracting Party agree to automatically exchange financial information in accordance with CRS standards. As of 2014, there are currently 110 countries in which the Minister of Finance or an authorized person will sign as Thailand's competent authority under the MAC Agreement . It will enhance the operation of information exchange. To enhance tax transparency in Thailand The MCAA CRS Agreement is a contract with the characteristics of Section 178 paragraph two of the Constitution of the Kingdom of Thailand B.E. 2560 (2017) that must be submitted to the National Assembly for approval. Ministry of Finance by the Revenue Department Therefore, the proposal to become a party to the Cabinet has been made. to be presented to the National Assembly in the next order Along with the Draft Exchange of Information for Compliance with International Taxation Act B.E. .... which is a draft law supporting the implementation of the agreement. Listening to the opinions of the people this time It is part of the process of presenting the draft MCAA CRS Agreement to the Cabinet and Parliament for approval. After listening to the opinions The Ministry of Finance by the Revenue Department will conduct a summary of the hearing and analyze the impact of joining the said party. and will continue in the relevant part Between 5 April 2021 and 9 April 2021 essential principles of the agreement The Multilateral Agreement between the Authorities for the Automated Exchange of Financial Information (Agreement) is an agreement under Article 6 Automatic Exchange of Information of the Multilateral Agreement on Tax Administration Assistance ( MAC Agreement) is intended to prevent evasion and tax evasion. including the development of tax duties It defines the framework for the implementation and details of the automatic exchange of financial information in accordance with the Common Reporting Standard (CRS) set by the OECD. The agreement consists of 8 articles, summarized as follows: (1) It is an annual automatic exchange of information. between competent officials You can choose from two formats: (1.1) Send information to contracting countries only. and does not receive information from contracting countries (Non-reciprocal), which if you choose this format The request must be stated in Annex A to the Agreement (Annex A). (1.2) Send and receive information reciprocally with a Contracting Party (Reciprocal), which is the format chosen by most Contracting Parties (2). Information to be exchanged for financial accounts subject to reporting are as follows: (2.1) Information to be reported for all types of accounts: - Account holder information, including name, address, taxpayer identification number. date and place of birth (In the case of natural persons) - Account number - Information of the person who is responsible for reporting, including name and identification number - Account balance or value as at the end of the calendar year or closing date (2.2) Reportable information for depository accounts, i.e. total interest earned during the year (2.3) Reportable information for depository accounts Financial is the total amount of interest and dividends received during the year. Including income from sales or redemption of assets (2.4) Information to be reported for other types of financial accounts other than (2.2) and (2.3) are the total income throughout the year. and proceeds from account redemption; (3) the exchange period is the commencement of the exchange of data in the year to be determined in Annex F of the Agreement (Annex F) within nine months after the end of the calendar year in which the data is collected by the Global Forum. for Thailand to begin exchanging information within September 2023 Consequently, the calendar year that reporters are required to collect data is 2022. Appendix F is the only annex that must be submitted at the time of signing as a party to the Agreement. (For other annexes, documents can be submitted in the process of expressing their intention for the Agreement to be binding.) (4) The format for exchanging information is a standard file format established using XML (Extensible Markup Language). There has to be an agreement on the method of receiving and transmitting data and the method of data encryption as required by the standards. And identify ways in Annex B of the Agreement (Annex This, B) (5) If an error occurs in the transmission of information to the national parties. or the person responsible for reporting Failure to comply with customer reporting or auditing requirements The competent authority must notify the competent authority of the contracting country affected by such error. (6) Confidentiality and Security of Information Must meet the requirements of the Multilateral Agreement on Tax Administration Assistance. by the information received from the exchange Must be used for tax administration purposes only. and when there is a breach or error in confidentiality of information including correcting any errors or penalties involved. The competent official shall notify the coordinating secretary. (Coordinating Body Secretariat) immediately, which here is the OECD (7) In the event that the contracting country does not comply with the Agreement Significantly, for example, non-compliance with standards of confidentiality and data security Failure to deliver complete information and within the time limit. or assigning non-reporting and non-reporting financial accounts Inconsistent with CRS principles, the competent authority may notify the cessation of the exchange of information with the contracting country (8). The Agreement will enter into force after the competent authority notifies the OECD of its intention to be binding. The competent authorities can cancel being a party to the Agreement. or terminate the exchange of information with any Contracting Party by giving notice to the OECD, and the termination of the Agreement shall be effective at the end of a period of 12 months after such notification (9). Yearly in Thailand, it will cost about 40,000 baht per year.

There was a delay with the ratification, (something like first 3 months not reported), but can't find it nor any updates since. Mind, UK Gov is one thing, Thai Revenue department will be interesting. ---- Something in here. https://www.platform.pwc.com/citt/news?search=thailand Information Exchange On 9 November 2021, the Thai Revenue Department (TRD) has published on its website an Act Amending the Revenue Code (No. 54), B.E. 2564, dated 7 Nov 2021 (“the Act”). In doing so, Section 10 ter has been added to the Thai Revenue Code giving power to Thailand’s competent authorities to exchange information with other Competent Authorities in jurisdictions with respect to which Thailand has an agreement in effect. 10.December 10. December 2021 | PwC Thailand publishes certain AEoI regulations

And all activities reported to the Thai revenue department if you reside in Thailand over 180 days lol