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Darksidedude

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    Foreigners and their overseas income: what next?

    in Thailand News

    Posted

    On 4/5/2024 at 6:35 AM, JimGant said:

     

    Of course they have the right to tax foreign income, if the tax treaty allows. And these same treaties prevent double taxation, through exclusivity or by tax credits. But, yeah, they don't have the right to tax savings -- and there's no plan to do so. The rumor that all remittances into Thailand will be subject to taxation is pure baloney. Unless it's a direct deposit of a taxable foreign income, like a private pension, then it's up to you to parse what's income and what's savings, in that cash flow of fungible money into Thailand. The banks certainly can't determine what is and what isn't income. Nor can RD.

     

    So it's up to you to determine whether or not you have a Thai tax obligation. For many of us, already paying our home country taxes on worldwide income, our total tax bill between home country and Thailand probably won't change -- with, now, Thailand finally getting some tax revenue, and the home country losing same tax revenue, by having to grant a credit. Ho hum.

     

    Certainly it wouldn't be cost effective for RD to man up to check all tax situations of foreigners. In fact, it may make sense to go with what we've already heard, namely: "Pay tax in your home country, no need to file Thai tax return." But, just to make it scary for tax cheats, set up random tax compliance audits. And, of course, if you're not paying tax to your home country, now you have the opportunity to pay someone something. Sounds good to me.

    if you're not paying tax to your home country, now you have the opportunity to pay someone something. Sounds good to me.

     

    Have you got a screw loose or something agreeing to to this

     

    For  10 years i was working abroad 4 weeks on 4 weeks off 2009 to 2019, my tax status in Australia is non resident for tax purposes, i have been working in middle east country's which do not impose taxes so the money i get is 100 percent my money in the bank and is 100 % legal by law.

     

    How is it that Thailand could tax my income when I'm am not working in Thailand and living there on a spouse visa.

     

    So now and for the last 5 years i have been living with my family (thai) in Oman working a 9 to 5 office job tax free, was planning to retire in Thailand but if they start to impose tax on money i bring into Thailand when i retire no way will in be moving back there which many other falangs will choose the same, Thailand as always will shoot themselves in the foot and loose out, they dont think of the big picture that is investing in real estate the falang supporting the in laws etc etc

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    Phuket police arrest Italian man for drink driving

    in Phuket News

    Posted

    21 hours ago, Peterphuket said:

    Don't be fooled, in the past 4 weeks I see these reports only from Phuket/Patong, and every time it is 1 falang, you read it right, 1 falang, it is what Richard mentions, maybe they did not want to pay the bribe.

    i have had a few mates in patts busted no bribes accepted, straight to the lock up until court hearing then 20 k Bhat fine 

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    Happy-Go-Lucky Australia Is Feeling Neither Happy, Nor Lucky

    in World News

    Posted

    I left Melbourne in 2009 for a O/S expat job in middle East country's, working 4 weeks on 4 weeks off living in Thailand.

     

    I been going back to Melbourne every year for a month, apart from Covid years.

     

    Before Covid the place was a mess so expensive, i never knew Australia to be like that ever that is cost of living.

     

    Now after Covid its even worse, the gov is trying to get back what they lost for the disastrous way they handled Covid, i was embarrassed to what happened to the country and was glad i wasnt living there at the time, i mean they made every state pretty well much a separate country it was just stupidity and wrong I'm surprised the people didn't revolt.

     

    I'm 58 now have a few more years in working O/S, when i retire it will be Thailand i will not ever live in Oz again i will not pay the stupid tax the country imposes on its citizens so pretty well Oz can get the F**K

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    Walking Street discos / nightclubs, why are all the usual places completely dead?

    in Pattaya

    Posted

    On 3/23/2024 at 9:46 PM, ABCDBKK said:


    Yeah it was. Had a lot of fun back then in Marine Disco. And if you wanted to reload, there was Marine 2 that opened after hours. There was no gentrification back then and no Asian tourists. It was so much fun back then that you couldn't handle more than 2-3 nights of it in a row. 

    well said 100% correct,

     

    i do recall a 1990 trip 1st time in Thailand Patpong - Pattaya for a week thought i was gunna die on the flight back home to Melbourne, went straight to the doctor when arrived in Melbourne he just said i was burnt out completely i was 22 year old haha

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