redwood1

48 minutes ago, Negita43 said:

Digital Wallet and taxing income from abroad?

 

For the source of the money, which is estimated to total about 560 billion baht, Mr Julapun assured that there will be financial sources to fund the project.

 

Even if every expat in Thailand paid 1,000 dollars a year in taxes...It would only be a drop in the bucket as far as paying off 560 billion baht.....I am talking like 150-200 years....

Do the math and see for yourself....

28 minutes ago, Dogmatix said:

Nope.  There is no mention of exemptions under DTAs in the order. It just tells RD officers to tax the b'Jezus out of each and every foreign remittance.  Here is a translation of the order

 

Revenue Department Order

No. P.161/2023

 

Subject: Payment of income tax according to Section 41, paragraph two of the Revenue Code.

It is intended for revenue officials to consider this as a practical guideline for inspecting and giving advice to those residing in Thailand who have assessable income according to Section 40 of the Revenue Code in the past tax year Due to work duties or business conducted abroad or because of assets located abroad according to Section 41, paragraph two of the Revenue Code. The Revenue Department has ordered the following:

 

Clause 1: Persons who are residing in Thailand according to Section 41, paragraph three, of the Revenue Code who have assessable income due to work duties or activities conducted abroad or because the property is in foreign countries according to Section 41, paragraph two of the Revenue Code In the said tax year and brought the assessable income into Thailand in any tax year.  That person has a duty to include that assessable income in the calculation to pay income tax according to Section 48 of the Revenue Code In the tax year in which the assessable income was brought into Thailand

 

Clause 2: All rules, regulations, orders, letters of response to consultations or any practice that is contrary to or inconsistent with this order shall be cancelled.

 

Clause 3: This order shall come into force for assessable income imported into Thailand from the date 1 January 2024 onwards

Ordered on 15 September 2023

 

  Lawan Saengsanit

 

(Mr. Lawan Saengsanit)

Director General of the Revenue Department

So your saying it appears that Thailand does not plan to honor tax treaties with other countries?.........

4 hours ago, AhFarangJa said:

I keep being told to wear my tin hat. I ignore them. It has nothing to do with climate change, it is ALL about control, control, control. The W.E.F., W.H.O. UN, and  others want cashless societies so they can implement 15 minute cities, and control what you do, where you do it, what you spend, and where you spend it. Break one of their rules, they freeze your cards. You only have to look at the lorry driver strike in Canada early January, when the Government froze all their bank accounts.....all card only. Banks will be able to charge whatever they want for transactions, and you will have no choice but to pay. No more cash work, not even a tenner from Grandad at birthday time. The younger generation with all their pay by phone apps just cannot see it. Covidiocy was an experiment on control, and to an extent it worked. Now, I sit back and wait for all the negative posts about conspiracies. I fear for my children, what dystopian society they will grow up in, at least there is one benefit to getting old, i will not have to comply.

This is a good post......Only sheep will try and deny unpleasent things are in the works...

46 minutes ago, bugger bognor said:

As predicted getting closer to the magic 100 pages of delusional guesswork from a statement from a Thai official from a law that's been around for several decades, listen up THE LAW HASTNT CHANGED !!!! it's taken twenty years to try and implement a tourist tax FFS, there's nearly 200 countries with a dual tax agreement 99.9% of expats won't have to do anything some kind of hysteria has taken over you, complete madness even if it were true if you can't work out how not to pay any taxes here your a complete fool, luckily you won't need too because it ain't happening for expats any time in your sad complaining old lives get back to the Samsung and lao Khao and pretending you can still get it up your Thai girlfriend 

We need more sensable posts like this.....Instead of guys debatng how best to wear tax handcuffs and leg irons so they are most confortable...

The whole thing is a unworkable mess..

10 minutes ago, Mike Lister said:

Yes, which will be the first 150k of it at 5% and the remaining 230k at 10%, that's 7,500 + 23,000.

And if you buy a new car or condo or need that $$$ operation?

Yea its not pretty.....

26 minutes ago, Mike Lister said:

You confuse visa and tax residency. Anyone who remains in almost any country for more than 180 days, is tax resident. Visa's are a totally separate issue. But I do agree we are not Residents, we are resident perhaps but because of the long stay visa issue, we are not Residents, not that that changes the tax position..

To say some one only qualifies as a resident to pay a tax.... And to say they dont qualify for any other rights or benefits of being a resident or any of the benefits of paying income tax (like the option buy into Thai health care) is a Joke.....A very bad Joke....

No one can deny this......

7 hours ago, NickyLouie said:

If anything you can film a reality show at the Nirun and it's bound to be a hit.

How about here comes Nirun boo boo

14 hours ago, ukrules said:

Just put them on commercial flights with the tourists which according to another article seem to have no problem getting flights.

 

They could force or coerce the airline to carry them if they need to after all they make the rules up as they go here

No No.....This would cost money.......And kill the daily news stories about how Thais are trapped and in danger there......

3 hours ago, brianthainess said:

How's the cat? 

But dont make more than 120,000 a year or there will be plenty of taxes to pay..

I wonder if she flosses after meals or not?

Maybe I missed it but what did they say were the new benifits and rights a farang would get for paying taxes on income not earned in Thailand?

Example....In America when you pay taxes you are also paying into social security that pays you money when you turn 62 years old....